Self-Driving Cars Take Wheel, Almost, At Auto Show

[email protected] (News Network)
November 21, 2014

Apple iPad Mini1

Nov 21: The L.A. Auto Show kicked off Tuesday with press days focused on the technology of the "connected car," which will eventually help lead to self-driving cars, like those that Google (NASDAQ:GOOGL) and recent auto-tech IPO Mobileye (NYSE:MBLY) have been working on.

Volvo, for one, showcased in a news conference Tuesday that, like Google, its cars can drive themselves now — following lanes, adapting speeds and merging into traffic.

"The first prototypes are out and running," Volvo Technical Specialist Erik Coelingh told IBD at the auto show, beside a Volvo outfitted as a "Drive Me" autonomous vehicle. "We've selected a number of commuter roads in Gothenburg on which we'll allow for self-driving in 2017 — and already we are driving around with prototypes like these."

On Swedish public roads, engineers accompany the autonomous cars for testing now. As a luxury car maker, Volvo sees providing autonomous driving capability for when a driver doesn't want to drive, for instance on a boring commute. But Coelingh said that there's a significant opportunity to improve safety via autonomous driving too.

The technology for self-driving, robotic or autonomous cars — whatever catchphrase eventually sticks — is largely here today and incorporates things like cameras and sensor systems.

Volkswagen's (OTCPK:VLKAY) Audi showcased its automated auto developments at the car show too. Its partnership with chipmaker Nvidia (NASDAQ:NVDA) underlies a significant part of the effort.

Assisted, Not Autonomous

"There are many different ways in which drivers are assisted today already," Anupam Malhotra, Audi of America's manager of connected vehicles, told IBD at the auto show. "You have side-warning lane-change management, you have adaptive cruise control systems, all these systems are already present in the cars. Piloted driving requires one additional step beyond that, a lateral-dimension sensor we add onto the car, called Lidar."

Lidar measures distance by using a laser for illumination and analyzing the reflection.

"Once that module's added on," Malhotra said, "you take all the input from these sensors and cameras, and you build it into the decision process that's built around how the car handles."

Audi is now testing piloted driving in California. It got a license to do so in Las Vegas a year ago.

"So this is something that is real, these cars are capable of driving themselves," Malhotra said. "Of course, in order for it to be street legal, there are a number of regulatory and social hurdles that still need to be leaped. But Audi is working on a process to actually bring this into production within the decade."

Besides Nevada and California, Florida and Michigan also allow testing of driverless vehicles on public roads.

Tesla, Mobileye Team Up

Luxury electric car maker Tesla Motors (NASDAQ:TSLA) said last month that it was adding lane-change and speed warning capabilities to new Model S sedans. The "autopilot" feature, with 360-degree ultrasonic sonar and long-range radar, means that the car will eventually be able to recognize traffic lights and people, and do self-parking and active emergency braking.

Tesla is working directly with advanced driver-assistance system (ADAS) developer Mobileye, whose stock leapt 48% in its Aug. 1 trading debut. Mobileye is also working with a number of big-name carmakers such as General Motors (NYSE:GM) and Honda (NYSE:HMC), though mostly through relationships with their suppliers.

Mobileye reports earnings on Thursday.

Morgan Stanley analyst Ravi Shanker has said he expects roughly half of new cars sold globally to have an advanced driver-assistance system or autonomous system by 2022.

One Step At A Time

But "what we need to do is get semi-autonomous right first," said Renee Stephens, vice president of automotive quality at consulting firm J.D. Power, speaking at the auto show. Then she showed a funny video of people trying to get their voice-interactive navigation systems to understand what they really said.

J.D. Power's research shows that some technologies are making sense to consumers. All-around car camera systems are favored by 72% of drivers polled. But other technologies were less popular, such as eye-tracking controls, which only 22% saw as adding value. (They can be an integral part of active-safety technologies that recognize when a driver is distracted.)

For now, the term "connected cars" refers to a whole array of enhanced communications, entertainment and safety features — from voice-interactive control of the car's music and maps to how a vehicle interacts with smartphones, to how cars may one day use Wi-Fi communications between themselves to help detect traffic.

Are customers asking for connected cars now?

Yes, says Jason Schulz, manager of strategic partnerships at Toyota Motor (NYSE:TM) Sales, though they want a simple experience and some have price constraints.

"As you start to look at the segment going from nonluxury to luxury, demand increases," he said at the auto show. "Nonluxury buyers see themselves going from maybe analog to digital, making that shift. And our luxury buyers see connected services really as a natural part of the premium experience — so demand is definitely increasing."

However, he said, what's really interesting is that "those with a connected car today cannot imagine a world without a connected car as their next vehicle purchase."

The idea of an autonomous car is "at an interesting point where it has acquired momentum far ahead of what many people anticipated," said Jeremy Acevedo, an analyst at car-shopping site Edmunds.com. "A lot of the components needed to make cars autonomous are right here at our fingertips, and it seems like a lot closer than a little while ago."

So when they're finally available to the public, how much will autonomous capabilities add to the cost of a car?

Too early to say, according to Audi's Malhotra, though he notes that the technology continues to improve and Audi has, with Nvidia, been able to reduce the size of the control unit — and things like that can end up reducing costs. It looks roughly the size of an Apple iPad Mini.

Apple iPad Mini

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Agencies
July 6,2020

The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70% startups.

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, it says.

In a nationwide survey on the 'Impact of Covid-19 on Indian Startups' involving 250 startups, 70% participants said their businesses had been impacted by Covid-19 and around 12% had shut operations.

The survey shows only 22% startups have cash reserves to meet the fixed cost expenses over the next 3-6 months, and 68% are reducing operational and administrative expenses.

Around 30% of the companies said they would retrench employees if the lockdown was extended too long. The 43% startups have already started 20-40% salary cuts over April-June.

Over 33% startups said investors had put the investment decision on hold and 10% said the deals had been scrapped. Only 8% startups had received funds as per the deals signed before Covid-19 outbreak, the survey revealed.

The reduced funding has forced startups to put a hold on business development and manufacturing activities, which has resulted in loss of projected orders.

The survey highlights the need of an urgent relief package for startups, including possible purchase orders from the government, tax relief and swifter tax refunds, and immediate fiscal support measures, including grants, soft loans and payroll grants.

Besides 250 startups, 61 incubators and investors also participated in the survey.

While 96% of investors accepted that their investments in startups had been impacted by Covid-19, 92% said their investments in startups would continue to be low over the next six months.

Around 59% investors said they would prefer to work with the existing portfolio firms in the coming months. Only 41% said they would consider new deals.

"A comparison of priority investment sectors before and during Covid-19 shows 35% investors are now looking at investments in healthcare startups, followed by EdTech, AI/Deep Tech, FinTech and Agri," said the survey.

Around 44% incubators surveyed said their day-to-day operations had been considerably hit by Covid-19. Most incubators are now supporting their portfolio firms by providing them virtual platforms to interact with mentors, investors and industries.

Dilip Chenoy, FICCI Secretary General, said, "The startup sector is stressed for survival at the moment. The investment sentiment is also subdued and is expected to remain so in the coming months. Lack of working capital and cash flows may lead to major layoffs over the next 3-6 months."

Indian startups needed an enabling ecosystem and flow of funds to continue operations, the survey said.

Padmaja Ruparel, President, Indian Angel Network & Co-Chair of FICCI Startup Committee, said, "In these uncertain times, as investors, we must play an important role to provide the Indian startups funding, mentoring and hand-holding support to stay afloat and come out at the other end of this crisis."

To that end, IAN recently announced a debt fund to help IAN portfolio companies raise working capital and ensure business continuity by partnering with debt providers.

This must be replicated on a wider scale, so a larger number of startups are provided the capital support to make it during these tough times, Ruparel said.

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Agencies
June 12,2020

New Delhi, Jun 12: The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks.

A bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul and M.R. Shah queried Mehta as the court was concerned since the Centre has deferred loan for three months.

"Then how can interest of these 3 months be added?" the apex bench asked. Mehta replied: "I need to sit down with the RBI officials and have a meeting."

SBI's counsel, senior advocate Mukul Rohatgi, intervened during the proceedings and said "all banks are of the view that interest cannot be waived for a six month EMI moratorium period".

"We need to discuss it with the RBI," insisted Rohatgi.

Justice Bhushan then asked Mehta to convene a meeting of the RBI and Finance Ministry officials over the weekend, and listed the matter for further hearing on June 17.

The top court, during the hearing, indicated that it was not considering a complete waiver of interest but was only concerned that postponement of interest shouldn't accrue further interest on it.

After the RBI said the waiver of interest charges on EMIs during moratorium will lead to loss of 1 per cent of the nation's GDP, the top court had earlier asked the Finance Ministry to reply, whether the interest could be waived or it would continue during the moratorium period.

The top court said these are not normal times, and it is a serious issue, as on one hand moratorium is granted and then, the interest is charged on loans during this period.

"There are two issues in this (matter). No interest during the moratorium period and no interest on interest," said Justice Bhushan. The observation from the bench came on a petition by Gajendra Sharma, in which he sought a direction to declare portion of the RBI's March 27 notification as ultra vires to the extent it charged interest on the loan amount during the moratorium period.

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Agencies
July 3,2020

Mumbai, Jul 3: In yet another move to keep Chinese technologies companies at bay, the Centre has cancelled the 4G upgradation tender for BSNL as it has decided to come up with fresh specifications for the upgrade process, sources said.

The Department of Telecommunications (DoT) is likely to issue a fresh tender in the next two weeks.

People in the know said that the fresh tender may not allow Chinese companies to participate and that the new tenders that will be floated in the next two weeks will emphasise on Make in India.

As the border tussle with China escalated last month and around 20 soldiers lost their lives, the government had last month asked both BSNL and MTNL not to use equipment of Chinese makers in their upgrading process to 4G facilities.

Huawei and ZTE are the major Chinese telecom equipment makers working with Indian telecom companies and they would be the hardest hit by the decision.

The impact may be felt in terms of the much-awaited 5G trials in the country. After much deliberation, the Centre last December decided to allow Huawei to take part in the 5G trials.

The cancellation of tender for BSNL's 4G upgradation comes after the Centre on Monday banned 59 Chinese apps including TikTok, WeChat and UC Browser.

A statement by the Ministry of Electronics and IT said that the decision was taken since "there is credible information that these apps are engaged in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order".

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