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
January 16,2020

Claiming that e-commerce giants like Amazon import as much as 80 per cent of the items sold on their platforms, small manufacturers' body has said that their business models do not benefit local industry and are creating jobs of delivery boys only.

"Neither manufacturers nor traders are getting any benefit from the business models of Amazon and Flipkart because they largely import their products from China and Korea and sell here. Nearly 80 per cent of their products are imported," said Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises (FISME).

Bhardwaj said that the global e-commerce players generally source and sell products through their own preferred suppliers and as a result a large number of local manufacturers and traders get crowded out.

He listed out deep discounting and buying products from preferred companies as unfair practices.

"Even if they buy products from local suppliers the commission charged is very high," Bhardwaj said adding that the issues related to unfair practices have been raised with Commerce Ministry on multiple occasions.

FISME maintains that the technology-driven retail is way forward and one cannot be oblivious of the benefits it brings to consumers but at the same time the local industry can also not be ignored given its role in job creation.

"If both traders and local manufacturers are crowded out then how would the local industry survive and employment be generated?" asked Bhardwaj.

As Amazon Founder and CEO Jeff Bezos is currently on his three-day visit to India, the local traders are up in arms against the "unfair" trade practices of the tech giant. Delhi-based Confederation of All India Traders (CAIT) has launched a countrywide protest against the company and has organised protests across 300 cities.

In a setback to Amazon and Walmart-backed Flipkart, the fair market watchdog Competition Commission of India (CCI) has ordered probe into the business operations of both the companies on multiple counts including deep-discounts and exclusive tie-up with preferred sellers.

"For the first time some concrete step has been taken against Amazon and Flipkart who are continuously violating the FDI policy in indulging in a vicious racket of controlling and monopolising not only the e-commerce but even the retail trade as well," CAIT National Secretary General Praveen Khandelwal said after the CCI order.

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Agencies
July 19,2020

New Delhi, Jul 19: Indian equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week, according to analysts.

Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.

"With no major event, the ongoing earnings season and global cues will continue to dictate the market trend. Besides, the progress of monsoon will also be closely watched," Ajit Mishra, VP - Research, Religare Broking, said.

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.

With India's COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.

At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.

Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts.

"We would continue witnessing stock-specific action as the earnings season unfold. Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

HDFC Bank will remain in focus on Monday after having announced its June quarter earnings on Saturday.

The lender reported 19.6 per cent rise in its standalone net profit at Rs 6,658.62 crore for April-June 2020; while its income rose to Rs 34,453.28 crore during the quarter.

Other major companies to announce their quarterly results this week are Axis Bank, Bajaj Finance, Hindustan Unilever Limited, Bajaj Auto and ITC.

"Going ahead market participants will closely track the development related to covid vaccine, the rising infection of coronavirus, development on economic activities, corporate earnings and US-China relationship," said Sumeet Bagadia, Executive Director, Choice Broking.

On weekly basis, the Sensex gathered 425.81 points or 1.16 per cent, and the Nifty gained 133.65 points or 1.24 per cent.

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Agencies
June 17,2020

In a bid to help tackle rise in domestic violence during the social distancing times in India, Twitter on Wednesday launched a dedicated search prompt to serve information and updates from authoritative sources around domestic violence.

Twitter has partnered with the Ministry of Women and Child Development the National Commission for Women in India to expand its efforts towards women.

The search prompt will be available on iOS, Android and on mobile.twitter.com in India, in both English and Hindi languages, the company said in a statement.

Data shows that since the outbreak of Covid-19, violence against women and girls has intensified in India and across the globe.

"We recognise collaboration with the public, government and NGOs is key to combating the complex issue of domestic violence. Accessing reliable information through this search prompt could be a survivor's first step towards seeking help against abuse and violence," said Mahima Kaul, Director, Public Policy, India and South Asia, Twitter.

Every time someone searches for certain keywords associated with the issue of domestic violence, a prompt will direct them to the relevant information and sources of help available on Twitter.

This is an expansion of Twitter's #ThereIsHelp prompt, which was specifically put in place for the public to find clear, credible information on critical issues.

The feature will be reviewed at regular intervals by the Twitter team to ensure that all related keywords generate the proactive search prompt, said the company.

Violence against women and girls across Asia Pacific is pervasive but at the same time widely under reported.

"In fact, in many countries in our region, the number is even greater, with as many as 2 out of 3 women in some countries reporting experiences of violence," added Melissa Alvarado, UN Women Asia Pacific Regional Manager on Ending Violence against Women.

Rekha Sharma, Chairperson, the NCW, said: "With social distancing norms in place, several women are unable to contact their regular support systems. This initiative by Twitter will provide big support to the survivors, who would otherwise be easily isolated without access to relevant information and help".

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