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Apple’s Entry into Car Industry Will Help iPhone

14Jan By AdityaNo Comments

News

Apple’s Entry into Car Industry Will Help iPhone

Apple is secretive about Project Titan, its alleged future mobility program. However, considering the recent hiring spree of automotive experts, patent publications related to connected car technology, and the $10 billion spent on research and development, Apple is expected to offer connected, autonomous and shared mobility solution. Frost & Sullivan's Scenario Analysis of Apple's Strategy to Enter the Car Industry discusses the possible products and/or services that Apple could offer through "Project Titan." The analysis also explores the rationale behind Apple's interest in the automotive industry and details the most probable service and/or product that is Apple is expected to release by 2021. "Apple has a long way ahead before its autonomous vehicle becomes a reality. With au...

BMW, Baidu Joint Project on Self-Driving Cars Breaks Down

19Nov By NitishNo Comments

News

BMW, Baidu Joint Project on Self-Driving Cars Breaks Down

German automaker BMW and Chinese internet giant Baidu will end their joint research on self-driving cars, executives for the two firms said on Friday, with Baidu now searching for new global research partners. Wang Jing, the head of autonomous car development at Baidu, told Reuters the company was now using cars from Ford's Lincoln in its U.S. testing, declining to elaborate. "I'm open for any partners, actually I'm talking to many," Wang said, speaking on the sidelines of China's third World Internet Conference in the eastern Chinese city of Wuzhen. Tech and automotive leaders contend that cars of the future will be capable of completely driving themselves, revolutionizing the transportation industry, with virtually all carmakers as well as companies such as Alphabet's Google and...

Tesla Crash Raises Concerns About Autonomous Vehicle Regulation

2Jul By reutersNo Comments

News

Tesla Crash Raises Concerns About Autonomous Vehicle Regulation

The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely. The first such known accident, which occurred in Florida in May, has highlighted tensions surrounding efforts to turn over responsibility for braking, steering and driving judgments to machines. It may delay the U.S. government's plan to outline guidelines for self-driving cars this month. The cause of the Model S crash is still under investigation by federal and Florida state authorities, which are looking into whether the driver was distracted before his 2015 Model S went under a truck trailer. Advocates of automating driving point to research that shows 90 percent of accidents are caused...

Chinese Tech Giant Baidu Planning of Mass-Producion of Driverless Cars

28Jun By AdityaNo Comments

CHINA

Chinese Tech Giant Baidu Planning of Mass-Producion of Driverless Cars

Chinese tech giant Baidu today said it plans to begin mass-production of driverless cars in five years as part of its efforts to get ahead of its US rivals Google and Tesla Motors in the autonomous vehicle technology. President Zhang Yaqin said Baidu will carry out road tests of driverless cars in 10 Chinese cities, with the aim to commercialise the technology in three years and realise mass production in five years. The move is a significant step for the Beijing-based tech company trying to get ahead of Google in building autonomous cars, and is marshalling the resources to advance the effort. During the ongoing Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin, Zang told state-run Xinhua news agency that the core technology of Baidus driverless cars, was the "B...

Exclusive: Apple Explores Charging Stations For Electric Vehicles

26May By reutersNo Comments

News

Exclusive: Apple Explores Charging Stations For Electric Vehicles

Apple is investigating how to charge electric cars, talking to charging station companies and hiring engineers with expertise in the area, according to the sources. The moves show Apple responding to a key shortcoming of electric vehicles: "filling up" the batteries. A shortage of public charging stations, and the hours wasted in charging a car, could be an opportunity for Apple, whose simple designs have transformed consumer electronics. Apple, which has never publicly acknowledged a car project, declined to comment for this story. Last year Apple was studying a self-driving electric vehicle (EV), as the Silicon Valley icon looks for new sources of revenue amid a maturing market for its iPhone. It is unclear whether Apple would want its own proprietary technology, such as Tesla M...

Tesla says Model 3 orders top $10 billion in first 36 hours

4Apr By reutersNo Comments

News

Tesla says Model 3 orders top $10 billion in first 36 hours

Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 bookings in the first 36 hours, a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000, including the price of options and additional features, which would give the initial flurry of orders an estimated retail value of $10.6 billion. That intense interest, fanned in part by a steady stream of tweets by Musk, could help boost Tesla's stock price, which closed Friday at $237.59, up 3.4 percent. The stock has soared more than 60 percent since hitting a 12-month low in Feb...

Need a Car Service At Home in Bengaluru? Try Carista

31Mar By kriti singhNo Comments

Story

Need a Car Service At Home in Bengaluru? Try Carista

How many times did you have to compromise your car services because the authorized service centers are just too expensive? How many times did you have to travel miles just to get a minor problem in the car fixed? How many times were you duped into believing that your technician was using “genuine” parts? “Car is one of the most valuable possessions of a household and you cannot trust just anyone with it.” Hence, founders Harsha Vardhan and Pradyumna Challa came up with the idea of Carista. The Journey Founders Harsha Vardhan and Pradyumna Challa along with 2 other members started their entrepreneurial journey with Carfields.com, an aggregator of car workshops. With around 30 dealerships onboard and 8 months into product development, the founder realized a difficult truth – Their...

ISB and NIT Graduates Startup HopCar to Connect Car Buyers to Sellers

15Jan By Sonia MotwaniNo Comments

Story

ISB and NIT Graduates Startup HopCar to Connect Car Buyers to Sellers

The second-hand car market in India is huge. Close to 3.5 million used cars are bought and sold every year, and that number is just going to increase to more than 10 million in the next five years. That means over 20 million customers will be engaged in this market, and all with an average transaction value of Rs 3Lakhs. Anish Karan, Rahul Thakur, Rahul Anand and Arijit Biswas decided to tap into this market and start up in June 2015 to capture a sizeable chunk of the market. “The market of second hand cars is complicated and there is absolutely no solution available, particularly for Peer-to-Peer transactions,” says Arijit Biswas, an ISB graduate. The company connects Buyers directly to Sellers assuring quality at accurate prices to help you effortlessly hop cars. “We thought the name Ho...