What the Banking Industry Expects from Connected Cars
Posted on Feb 9, 2017 in Industry News | Comments Off on What the Banking Industry Expects from Connected Cars
The American Banker recently looked at ways in which the connected car might affect not only the roads, but the finance world as well. People might be able to make “truly mobile-payments” as they go through toll booths, visit a drive-through, or stop for gas. Fully autonomous vehicles might even make purchases without human involvement. Customers might also be able to do their banking...
Collision Demonstrates Tesla Model S Safety Features
Posted on Feb 3, 2017 in Industry News, Technology Impacting Auto Insurance | Comments Off on Collision Demonstrates Tesla Model S Safety Features
A recent accident involved a Tesla Model S being rear-ended by a tractor trailer on the highway. The driver reported no injuries, though the the rear of the Tesla and the front of the tractor trailer were heavily damaged.
Uber Signs Deal With German Automaker Daimler AG
Posted on Feb 2, 2017 in Industry News, Technology Impacting Auto Insurance | Comments Off on Uber Signs Deal With German Automaker Daimler AG
Uber Technologies Inc. has partnered with Germany’s Daimler AG, the maker of Mercedes-Benz vehicles and the first automaker to sign a deal with Uber, in its attempt to build a fleet of autonomous vehicles. Although Uber has devoted many resources to developing autonomous vehicles, deals with auto makers are “crucial” to the company because it has no experience in manufacturing. This...
NADA Releases Automotive Privacy Guide
Posted on Feb 2, 2017 in Industry News, Technology Impacting Auto Insurance | Comments Off on NADA Releases Automotive Privacy Guide
The National Auto Dealers Association recently release a guide regarding consumer privacy and data collection in modern cars. The guide, titled “Personal Data In Your Car,” covers the different ways data from vehicle operators is collected, used, and shared. Data has been collected for years through Event Data Recorders and On-Board Diagnostic ports, but the report identifies multiple...
Alphabet Reduces Cost for Self-Driving Sensor
Posted on Jan 11, 2017 in Industry News | Comments Off on Alphabet Reduces Cost for Self-Driving Sensor
Waymo, the self-driving vehicle unit of Alphabet, Inc., has announced that it reached a milestone of building all of its self-driving hardware in-house. The company noted that it was able to cut the cost of a key component by 90% from its cost in 2009. The component uses “LiDAR” (similar to radar, but with light instead of radio waves) to detect a vehicle’s surroundings. Waymo debuted...
State Transit Authorities Develop “Smart Roads”
Posted on Jan 3, 2017 in Industry News, Technology Impacting Auto Insurance | Comments Off on State Transit Authorities Develop “Smart Roads”
A handful of states are responding to the smart car surge by developing and installing “smart roads”—technology-aided roads using fiber optics, cameras, and signaling devices to communicate with drivers, autonomous vehicles, and even transit authorities. For example, Virginia has installed “smart road” devices on light poles and bridges on certain roads, which watch the highway,...
