Month: January 2020

According to the Tesla website’s seemingly recently updated Autopilot informational post: “A full build of Autopilot neural networks involves 48 networks that take 70,000 GPU hours to train. Together, they output 1,000 distinct tensors (predictions) at each timestep.” Tesla Autopilot may be considered a breakthrough, but there are still concerns about semi-autonomous and fully autonomous vehicle
0 Comments
Used-vehicle retailer CarMax Inc. is investing $50 million to buy a minority stake in Edmunds, the automotive retail research and vehicle-listing company. CarMax said Wednesday the move is mean to bolster its omnichannel retail strategy designed to meet and interact with shoppers wherever and however they’re shopping, across multiple channels, online and in store. “Edmunds’
0 Comments
Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m. The firm said a consortium led by Canadian billionaire Lawrence Stroll would be putting in £182m. The remaining £318m would come from issuing fresh shares to existing investors. The announcement follows a board meeting held on Thursday night to discuss
0 Comments
Aston Martin Lagonda Global Holdings’ 500 million-pound ($656 million) cash lifeline from Canadian billionaire Lawrence Stroll has a major casualty — the company’s push into electric cars. The launch of the all-electric Lagonda marque, due in 2022, has been stalled for three years, Aston said Friday, while development of the Rapide E, the main brand’s first
0 Comments
Asbury Automotive Group has named a longtime employee who started as a management trainee as its next senior vice president of operations. Daniel Clara, 40, was appointed to the position effective Jan. 29, the public dealership group said late Thursday in a regulatory filing. Clara replaces John Hartman, a 30-year industry veteran who held the
0 Comments
Jannarelly, the Dubai-based company behind the stunning Design-1 sports car, is preparing for a significant expansion this decade and has appointed a new CEO to oversee it. The company on Thursday named Alexander Lee as CEO and announced plans to establish manufacturing and R&D facilities in the United States by 2021. Jannarelly currently assembles the
0 Comments
The 2020 Audi A5 is a stylish companion to the automaker’s staid A4, and it’s a hoot to drive. The 2020 Audi A5 is the suave, versatile brother to the workaday Audi A4 lineup. Available as a coupe, convertible, or practical five-door hatchback, the 2020 A5 has gorgeous lines with few compromises other than a
0 Comments
Japanese go-kart operator Mari Mobility has been ordered to pay Nintendo 50 million yen (US$460,000 at today’s exchange rates) in an intellectual property infringement case. Kotaku reports that Mari Mobility was found guilty of infringing on Nintendo’s intellectual property by offering Nintendo-themed costumes for customers to wear as they drive decked-out go-karts through the streets
0 Comments
Volvo Cars’ first battery-powered vehicle, now called the XC40 Recharge P8, has generated “several thousands of firm orders” globally, even though production won’t begin until the second half of the year, the automaker said last week. The all-wheel-drive compact crossover is expected to arrive in U.S. stores in the second half of next year. A
0 Comments
DETROIT — General Motors will give a partial glimpse of its first battery-electric pickup, the Hummer EV, in a commercial airing Sunday during the Super Bowl. But the automaker won’t show the full vehicle until May. The commercial, which will include NBA star LeBron James, will mark GM’s plan to revive the Hummer name on
0 Comments
In a call with investors, Tesla CEO Elon Musk said that the Cybertruck, Tesla’s new electric pickup truck, is “better than people realize” and there’s some information that the public doesn’t have yet. When Tesla unveiled the Cybertruck in November of last year, it created a lot of talk, mostly about its design, but many people focused
0 Comments
Jaguar Land Rover Automotive CEO Ralf Speth will step down from his position September, the Financial Times reported, citing two unidentified sources. The announcement will be made on Thursday, the newspaper said. Speth will remain as an adviser and stay on the board of Tata Sons, the holding company for the owner of Jaguar Land Rover, the FT
0 Comments