Insurtech Grabs $5 Million in Funding For Autonomous Vehicle Coverage
Posted on Jan 31, 2019 in Technology Impacting Auto Insurance | Comments Off on Insurtech Grabs $5 Million in Funding For Autonomous Vehicle Coverage
A startup focused on rewarding drivers and fleet owners that use autonomous vehicles and semi-autonomous car safety features has raised $5 million in seed funding. California-based Avinew’s technology uses artificial intelligence and telematics to gather driving data that can tell when a vehicle is in autopilot mode or is using advanced safety features. That data can then be used by...
Six Used Vehicle Trends to Watch in 2019
Posted on Jan 29, 2019 in Industry News | Comments Off on Six Used Vehicle Trends to Watch in 2019
Automotive News released its outlook for 2019 and believes that it will closely mirror 2018. Like last year, analysts warn that what has gone up since the Great Recession must surely come down—at least a little. The tepid outlook reflects macroeconomic concerns, such as the government shutdown, rising interest rates and the threat of tariffs—in addition to record-high vehicle prices....
Waymo to Build Plant in Michigan
Posted on Jan 25, 2019 in Industry News | Comments Off on Waymo to Build Plant in Michigan
On January 22, Waymo announced that the Michigan Economic Development Corporation (MEDC) voted to approve its effort to establish a manufacturing presence to build self-driving vehicles in the state, creating hundreds of jobs along the way. Waymo develops hardware and software in-house so that its self-driving technology works as a seamless, single system. A vital part of that process...
Russia Begins Testing Autonomous Vehicles
Posted on Jan 24, 2019 in Uncategorized | Comments Off on Russia Begins Testing Autonomous Vehicles
On November 26, 2018, the government of the Russian Federation issued a regulation that permits the testing of driverless cars on regular roads to begin. The new Regulation is the first piece of national legislation that regulates the use of autonomous vehicles. The government will conduct the experimental testing through March 1, 2022, on the roads of two constituent components of the...
Autonomous Vehicles May Create More Jobs Than Can Be Filled
Posted on Jan 22, 2019 in Industry News | Comments Off on Autonomous Vehicles May Create More Jobs Than Can Be Filled
According to research from the Boston Consulting Group (BCG) and the Detroit Mobility Lab (DML), self-driving and electric cars will help create more than 100,000 US mobility industry jobs in the coming decade, including up to 30,000 jobs for engineers with degrees in computer-related subjects. But the demand could be as much as six times the expected number of such graduates,...
