NADA Headlines - 06/14/2017 (Plain Text Version)
General Motors Co. is adding more cars to the race auto manufacturers and tech companies are in to get self-driving vehicles onto public roads. The largest U.S. automaker will expand its fleet of autonomous Chevrolet Bolts to 180 of the electric vehicles, Chief Executive Officer Mary Barra said Tuesday. The latest 130 cars will be equipped with a suite of cameras, sensors and other hardware that’s been updated from the systems used on 50 self-driving Bolts already being tested in San Francisco, metro Detroit and Scottsdale, Arizona.
Toyota Motor Corp. may consider mergers or acquisitions to procure new automotive technologies, including self-driving technologies, the company's president said on Wednesday, adding that it had to compete more aggressively against its rivals. At an annual shareholders meeting President Akio Toyoda said the world's second-biggest automaker, which took longer to warm to self-driving cars and electric vehicles (EVs) than its rivals, would be more aggressive in expanding in these areas, conceding he may have focused too much on preserving the status quo at the firm until now.
Senate Commerce Committee leaders on Tuesday said safety, reducing roadblocks to innovation, and clarifying federal and state regulatory roles are among the chief goals they will follow when drafting legislation covering autonomous vehicles in coming weeks. "Self-driving vehicles will not only dramatically change how we get from place to place, they have the potential to prevent accidents and save thousands of lives," Sen. Gary Peters, D-Mich., who is spearheading the effort along with Chairman John Thune, R-S.D., and ranking member Bill Nelson of Florida, said in a statement.
House Ways and Means Committee Chairman Kevin Brady (R-Texas) on Tuesday said that the GOP border-adjustment proposal could be phased in over five years, as concerns about the tax plan have mounted from lawmakers and business groups. “My current thinking on border adjustment — after listening to our businesses large and small and our members — is a very gradual five-year transition,” Brady said at The Wall Street Journal-CFO Network annual meeting. The border-adjustment proposal was a key part of the tax plan House Republicans released last year. Under the proposal, imports would be subject to U.S. taxes and exports would be exempt.
Traditional automakers have every reason to fear the big tech players' intrusion into their 100-year-old industry. It's ripe for reinvention. And every player would like to get its hands on the data that is collected from self-driving cars.
U.S.-Italian car maker bets big on horsepower with its latest launches, as compact cars fall out of favor
Automotive analysts have been warning about a looming affordability crisis coming to wreak havoc with the new-car business, citing rapidly rising lease rates and loan periods being extended to seven, and even eight years to help cash-strapped consumers offset escalating sticker prices. While the MSRPs on most cars and trucks generally rise by at least a token amount every year, a study of inflation-adjusted prices for the 10 best-selling vehicles over the last two decades conducted by the website Instamotor.com paint distinctively different pictures with regard to affordability.