Despite Electric Vehicles, Oil Demand Should Hold Strong

Those of you who invest in the energy industry shouldn’t be concerned when it comes to oil and the impact that electric vehicles like the Smart Fortwo or the Nissan Leaf will have on demand. According to Jared Dziuba and Randy Ollenberger of BMO Capital Markets (a leading investment and advisory firm), oil isn’t going anywhere anytime soon. Their reasoning behind this curious claim is that, apparently, passenger commuter vehicles only make up a negligible amount on the total worldwide oil consumption.   It’s not just a Tesla (TSLA) thing anymore: Auto makers from General Motors (GM) to Ferrari are pushing electric vehicles, and plenty of analysts see consumers adopting the new technology rapidly.Electric Cars Won’t Crimp Oil DemandILLUSTRATION: GETTY IMAGESSo should energy investors be worried about the future of oil? Not really, say BMO Capital Markets' Jared Dziuba and Randy Ollenberger. In a note out Wednesday, the pair write that aggressive sales outlooks for EVs are based more on anecdotal evidence rather than broad-based consumer preferences.Yet even if it turns out to be true—after all, with little in the way of fuel-efficiency gains, global commitments for lower CO2 emissions will require a departure from the status quo—it shouldn't be a problem for oil.Continue Reading Here

Despite Electric Vehicles, Oil Demand Should Hold Strong is courtesy of CarDaddy

source https://autonews.cardaddy.com/2018/02/21/oil-industry-will-remain-strong-even-with-electric-vehicles-growing-in-popularity/

Volvo V60 Station Wagon to be a Favorite for Families

Volvo finally showed off its family-friendly station wagon the V60, which the evolution of the brand’s V70 model. While it’s probably not going to surprise anyone when Volvo (or any car company for that matter) unveils a family vehicle like this V60 station wagon, Volvo still has pretty high expectations for sales as far as this model is concerned. In fact, they are projecting that family vehicles like the V60 will make up 10 percent or more of their total sales.   Volvo Car Group unveiled its all-new V60 station wagon, returning to a family-oriented model to bring back traditional customers after years of sport utility vehicles dominating the Swedish brand’s delivery growth.The V60, which will compete with BMW’s 3-Series Touring, Audi’s A4 Avant and the wagon variant of the Mercedes-Benz C-Class, takes the manufacturer back to familiar territory. Slated for deliveries to begin shortly after production starts this spring, the model will succeed Volvo’s discontinued V70, long a popular vehicle for households in the carmaker’s home country.   Continue Reading Here

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Renault-Nissan-Mitsubishi Group Claims it’s Biggest Auto Group

Having sold 10.61 million vehicles in 2017, the new auto group of Renault-Nissan-Mitsubishi has said that they are the largest car seller in the world right now. However, that doesn’t quite add up, especially when you take into consideration that the Volkswagen group sold 10.74 million vehicles. So what gives? The thing is, Renault-Nissan-Mitsubishi is counting only specific types of vehicles - in particular they are focusing on the sales of cars that are deemed as only, well, cars. Volkswagen on the other hand has manufacturers that include all sorts of heavy duty rides like trucks and SUVs. What do you think?   Is it Germany's Volkswagen Group - which knocked Toyota off the top spot in the 2016 figures?Or one of the newer conglomerates which encompasses several car companies?Perhaps the US titan, General Motors, has fought back?The answer: well, it depends on what carmakers include in their global sales numbers. And, crucially, how you define a car.ConfusingClaiming the honour this year is a new player: the Renault-Nissan-Mitsubishi alliance.The Japanese-French group acquired Mitsubishi in 2016 and adopted its current name in September last year. Click here to continue reading

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VW Steps Into the Ring With Fully Self-Driven Concept

While there are many car companies working vehicles with self-driving capabilities right now, Volkswagen has unveiled a concept car that will be fully autonomous. To be unveiled at the upcoming Geneva Auto Show, this concept design will join a growing list of very cool cars to look out for from this German auto manufacturer. It is this kind of forward thinking that is helping to keep Volkswagen consistently near the top of the pack in worldwide sales. Volkswagen is adding a fourth car to its futuristic I.D. lineup of concepts, and it will show it off in full at the upcoming Geneva Motor Show. Called the I.D. Vizzion, it’s a long, low sedan with no steering wheel or pedals, and it’s meant to exhibit how the company is thinking of a future where we all routinely step into a fully electric autonomous car that does the work for us.It’s also part of Volkswagen Group’s — VW’s parent company — pledge to add electric motors to its entire lineup by 2030. VW alone plans to introduce 20 electrified cars by 2025. The aggressive push, worth some $40 billion, was kickstarted after Volkswagen Group was caught cheating diesel emissions tests in a massive scandal now referred to as dieselgate. Click here to continue reading.

VW Steps Into the Ring With Fully Self-Driven Concept is republished from CarDaddy

source https://autonews.cardaddy.com/2018/02/19/volkswagen-reveals-its-own-self-driving-vehicle/

The Glaring Problem Between Apple’s Business Procedures and Their Autonomous Cars

Most companies working on the software for autonomous vehicles make sure to work with other developers to ensure that the vehicles will also communicate with each other while in real-world road scenarios. However, since Apple is so secretive when it comes to their operating systems, other autonomous car programmers have found it nearly impossible to get the vehicles to communicate with each other. That being said, if you ever decide to get a self-driving car, you might want to make sure it’s software is compatible to “talk” with other autonomous cars on the road before you buy a car.   Fans of self-driving cars will have breathed a sigh of relief at the news that Uber and Google’s Waymo, two giants in the industry, have settled their intellectual-property lawsuit. This removes a huge distraction for companies, and freeing them up to focus on their own research.So that’s good. Driverless cars will be an incredible boon to society. They could save tens of thousands of American lives every year, and even more in countries such as India and China, and prevent millions of injuries. They could save the average American hundreds of hours each year -- hours that she or he would then have to do work or rest while on the road. And they could eliminate the stress of driving, improving health and quality of life for billions.Click Here to Continue Reading  

The Glaring Problem Between Apple’s Business Procedures and Their  Autonomous Cars is courtesy of CarDaddy's Blog

source https://autonews.cardaddy.com/2018/02/16/apples-autonomous-cars-might-have-a-potential-huge-problem-brewing/

Boxes on Wheels and Sporty Roadsters are the Future of Cars, Says Toyota Design Chief

As automated vehicle technology progresses and people become more and more confident that these artificial intelligence chauffeurs are not going to end up with crashes or injuries, the idea of what a commuter vehicle is evolving toward, as per Toyota Design Chief Simon Humphries, looks more like a fish tank than a vehicle. In other words, they’re self-driving boxes on wheels. And for those who want to control their driving or speed down the highway (which we highly advise against), modular roadsters will be available.   The man with the final word on design at one of the world’s biggest automakers sees a future dominated by self-driving boxes-on-wheels and souped-up sports cars.For Simon Humphries, who as of this year oversees design globally across Toyota Motor’s namesake and luxury Lexus brands, mobility will follow two divergent paths. One is the e-Palette, a customizable robo-van he designed that’s capable of transporting anything from people to pizza. The other is the uncompromising car-of-your-dreams that you’ll be able to buy precisely because the modular vehicle takes care of your more mundane mobility needs.Hired by the Japanese automaker as a designer in 1994, the 50-year-old Briton also did a brief stint at Sony, a company he remembers fondly, if nostalgically. He spoke with reporters at Toyota’s Nagoya office on Thursday after an annual round table event to introduce new executives.Continue Reading Here  

Boxes on Wheels and Sporty Roadsters are the Future of Cars, Says Toyota Design Chief is republished from CarDaddy News

source https://autonews.cardaddy.com/2018/02/16/design-chief-at-toyota-says-the-future-of-cars-is-boxes-and-roadsters/

Trump Administration Looking for Ways to Cut Fuel Consumption Regulations

The National Highway Traffic Safety Administration is working with Donald Trump’s White House administration to determine ways to best cut upcoming fuel regulations. Some of the options currently being thrown around in an effort to make things easier on car manufacturers include things like lowering fleetwide fuel economy averages, giving manufacturers an additional five years to meet standards, and (somehow) getting California to ease up on its own statewide regulations.   President Donald Trump’s administration is looking at ways to reduce future fuel economy standards for automobiles in a move to appease carmakers, who have asked to ease targets put in place under President Barack Obama.The National Highway Traffic Safety Administration is looking at a range of options to lower future targets, including one that would permit an average fleetwide fuel economy standard of 35.7 miles per gallon by 2026, down from the 46.6 miles per gallon under rules charted by the Obama administration, according to a draft NHTSA analysis obtained by Bloomberg News. Continue Reading Here

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Mercedes-Benz Won’t Be Going to 2019 Detroit Auto Show

[et_pb_section bb_built="1"][et_pb_row][et_pb_column type="4_4"][et_pb_text] As if Detroit didn’t have enough problems lately, Mercedes-Benz has decided to just entirely skip the 2019 Detroit Auto Show. Even though the German auto manufacturer has previously used the event to unveil cars, they noted in a statement that, instead of going to the auto show (and others) that they’re instead “working to adjust the scale and size of our auto shows [...] to better align with our upcoming model launches.” Whatever their reasoning, having Mercedes-Benz missing from the show may likely cause other car manufacturers to do the same in the future, but only time will tell.   Mercedes-Benz confirmed it will have no formal presence at the North American International Auto Show in Detroit in 2019, striking a blow to the event as more manufacturers save major vehicle introductions for tech conferences or their own special showcases.Mercedes cited the "rising complexity" of the auto industry and the slew of products and services it’s developing for the decision to reassess its participation in the Detroit show. The German automaker said it will decide on participating in future auto shows and events case by case. Continue Reading Here   [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

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Lorem Ipsum simply dummy text

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We Have Taken Delivery Of Our New Fleet!

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Lorem Ipsum simply dummy text

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New Safety Standards Begin As Of Today

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We Have Taken Delivery Of Our New Fleet!

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We’re Expanding To Los Angeles Next Week!

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For This Week Only 10% Discounts On Fridays

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