What started with books has reached the budding self-driving car sector. Amazon has invested in self-driving car company Aurora Innovation, the self-driving technology firm announced last Thursday. The actual figure it had received from Amazon wasn't disclosed in Aurora's announcement, but in total, the company raised $530 million in the latest round of investment. Other investors included the venture capital firm Sequoia and the investment branch of Shell. Amazon told CNBC in a Thursday report its investment comes as it continues to seek out "innovative, customer-obsessed companies." The online shopping and tech giant said autonomous cars have the ability to transform jobs and make employees safer and more productive. Amazon is likely keen to invest in the technology due to its massive delivery costs. In 2018, the company spent $27 billion, according to the report delivering packages. Self-driving delivery vehicles would slice the costs by a wide margin, mostly by eliminating … [Read more...] about Amazon invests in self-driving car company Aurora Innovation
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Most states have imposed registration renewal bans on cars with unrectified ‘Alpha’ type Takata airbags. Now there are calls to include the remaining 1.3 million cars with faulty ‘Beta’ airbags. Car companies are calling for registration bans to be expanded to include the remaining 1.3 million vehicles equipped with dodgy Takata airbags – in addition to 12,000 currently under a compulsory recall – because tens of thousands of customers are refusing to have them fixed.In September last year South Australia became the first state to ban the registration renewal of cars equipped with the “Alpha” type Takata airbags, which have a one-in-two chance of spraying shrapnel when deployed in a crash.The same policy has since been adopted by every other state except Victoria and NSW, where more than half of the remaining 1.3 million recalled airbags are located.While the rego ban prompted a spike in the number of cars being brought in to have both … [Read more...] about Takata: Car companies call for rego ban on 1.3 million vehicles with faulty airbags
Do you fall into the category of people who don’t have the time or patience to sell or buy a car themselves? Well, then it’s time for you to head on down to the nearest we buy any car company. With so many dealerships to choose from, it can be daunting to decide where to. You could end up spending a lot of effort trying to get the best one. But first, you need to make sure that you are dealing with a legitimate car buying company. Several good dealers are dedicated to their customers. You’ll get a reliable vehicle for a great price with the least amount of stress. But then there are the those whose only aim is to cheat the next unsuspecting customer who walks in. It doesn’t mean that every dealer is out there to swindle you. Don’t rush into a deal. Have a look around. Survey several dealerships before selecting one. Here are some tips of detecting a “stealership” and their sales philosophy. Check out the dealer If you’re buying or … [Read more...] about How to know if a we buy any car company is fake or not?
Terrafugia is that flying car company you read about every sixth months or so that continually disappoints you by remaining Just A Thing On The Internet, and not actually a thing in the real world. But now, in a strange turn of events, The South China Morning Post says Volvo’s parent company Geely has bought the flying car company. I have no clue why. China’s Zhejiang Geely Holding Group Co. has been getting its automotive-imperialism on lately, buying Volvo back in 2010, then more recently buying a large chunk of Proton, and a 51 percent majority share of Lotus. Now, according to a source at the South China Morning Post, the Hangzhou, China-based company has acquired Terrafugia, a startup founded by MIT aerospace engineers and MBA students. The flying car company’s mission is to “create practical flying cars that enable a new dimension of personal freedom,” and ever since its founding in 2006, the world has been hearing rumors that flying cars would … [Read more...] about Volvo’s Geely Bafflingly Buys Flying Car Company Terrafugia: Report
Dean Shaw, Volvo Cars USA’s handsomely bespectacled VP of corporate comms, bellows the word to a ballroom full of sleepy-eyed car journalists—conceivably to both wake them up and emphasize what the morning’s lecture would focus on: “Electrification!” (Full Disclosure and Editor’s Note: In July 2017 (yes, 2017) I asked Deadspin video god Tim Burke if he wanted to handle a Volvo press drive for us in Denver, because he’s a not-so-secret car guy and was interested in buying a V90 wagon at some point. He then promptly never turned in a story, leading to some uncomfortable emails and phone calls between me and Volvo. Our relationship has since recovered somewhat. Now, at long last, on Burke’s last day before he takes a buyout, here is his much awaited story on the future of the Volvo lineup. It is all presumably current as of last year. Also, it should be noted Volvo flew Burke to Denver, fed him, gave him cocktails, and put him up in the … [Read more...] about What Kind Of Car Company Does Volvo Want To Be?