Toyota makes a lot of money, Dieselgate is endless and AAA says fashionable driving is a bad idea. That and more in The Morning Shift on August 6, 2020.
This is a minimum of 74% last year, but it is also a loss, which many automakers have reported for the April-May-June period. Toyota’s healing.
From the Associated Press:
Although all the world’s automakers were severely affected by the outbreak, Toyota controlled it in the dark during the quarter, underlining the manufacturer’s strength of the luxury subcompact models Corolla, Prius Hybrid and Lexus.
Japanese rivals Honda Motor Co. and Nissan Motor Co., as Detroit-based General Motors Co., switched to red ink in the last quarter.
Toyota expects a profit of 730 billion yen ($6.9 billion) by the year through March 2021, 64% less than last year.
Toyota officials said the decline in sales at its lowest level, and sales are expected to gradually return to overall levels later this year.
Toyota said the recovery was greater than expected.
Toyota has sold more than one million international in the April-May-June period.
I intended to be here now but late due to the coronavirus pandemic, the corporate said this week.
From Automotive News:
The delay affected Ferrari’s earning prospects for the year. CEO Louis Camilleri said in the supercar manufacturer’s call for profits this week that this is “the main explanation for why to adjust to the midpoint of our year-round benefit forecast.”
“We are confident that deliveries to our consumers will begin in the early fourth quarter, but the acceleration of production will inevitably be delayed,” Camilleri said.
[…]
Ferrari Chief Financial Officer Antonio Picca Piccon said the call that a softer product mix, reflecting SF90’s Stra90 delay, represented a lower profit margin. The supercar will be sold for 430,000 euros ($509,000) in Italy, a maximum of 100,000 euros more than Ferrari’s maximum production car, the 12-cylinder roadster 812 GTS at 336,000 euros.
Ferrari still expects to earn more than a billion euros this year, while the SF90 is expected to come out in the fourth quarter of this year, after problems in the home chain. My apologies to the dozens of other people waiting to buy.
Reuters reports that 4 other Audi executives have been charged with Dieselgate, which was first unveiled in 2015 and whose consequences have been endless.
All four are charged with fraud, fake certification and illegal publicity, the prosecutor said in a statement.
[…]
The indictment, opposed to 3 former board members and a branch manager who is already retired, considers a total of 434420 cars of the Audi, VW and Porsche brands that were sold basically in the United States and Europe, he said.
All four are accused of inciting the progression of engines operating through illegal software that has resulted in engines that generate fewer emissions when operating under verification situations than when driving regularly.
The indictment alleges that the accused former directors were sometimes aware of the practice between October 2013 and September 2015 and continued to make sales or did not prevent them from making.
Dieselgate is increasingly picturesque in a global and global pandemic in which European emissions regulations are much stricter and where almost all have evolved. However, I’m still on top, no matter how long it takes.
Bob Lutz, former CEO of GM, co-founded VLF in 2012 and the company, I guess, is still working? At least that’s enough to have filed a lawsuit against Karma Automotive, the Chinese electric car startup that, according to VLF, stole its plans for a hummer luxury vehicle.
From Bloomberg:
VLF claims to have shared plans for a “luxury humvee” with Karma last fall as a component of a proposed component association to produce the vehicle for the Chinese market, for Karma to review and withdraw it from the deal.
VLF has at least $18.5 million in damages to cover your investment in Humvee’s allocation and its percentage of allocated earnings.
[…]
Karma’s chief strategy officer, Greg Tarr, declined to comment on the lawsuit. A VLF attorney declined to comment.
VLF states that, despite the signing of a confidentiality agreement, Karma CEO Lance Zhou used shared designs to secretly touch the U.S. company’s production partners in order to market electric Humvee only in China. According to the demand, Karma motivated him to emerge from monetary despair.
I’ll be deeply surprised if any of those corporations dent in just about anything.
Driving assistance systems in almost all spaces are not working well, AAA said founded in a studio.
Here’s Reuters:
“AAA has found that active driving assistance systems don’t paint consistently, especially in real-world scenarios,” Greg Brannon, AAA’s director of automotive engineering and industrial relations, said in a statement.
[…]
AAA evaluated a 2019 BMW X7 with “Active Driving Assistant Professional”, a 2019 Cadillac CT6 with “Super Cruise”, a 2019 Ford Edge with “Co-Pilot360”, a Kia Telluride 2020 with “Highway Driving Assist” and a Subaru 2020 Outback with “EyeSight” technology.
While track centering and conversion generation worked on a verification course with transparent track markings, the systems accounted for 73% of all disconnections in actual driving.
And a little AAA itself:
AAA auto researchers found that during 4,000 miles of real driving, cars equipped with active driving assistance systems found some kind of challenge every 8 miles, on average. Researchers noticed challenge times with systems that keep cars tested in their lane and that come with many other cars or railings. AAA also found that active driving assistance systems, which combine vehicle acceleration with braking and steering, inadvertently disconnect, almost instantly restoring drive force control. A harmful situation if a driving force has been disconnected from the driving task or become too system dependent. AAA recommends that brands extend the scope of testing of active driving assistance systems and restrict their implementation until features are advanced to provide a more consistent and safe driving experience.
[…]
AAA verified the ability of active driving assistance systems in real, closed situations to determine how well they were in non-unusual driving situations. On public roads, almost three-quarters (73%) of the errors concerned cases of lane exit or erratic lane position. While AAA’s closed-circuit verification revealed that the systems were operating primarily as intended, they were challenged when they arrived in a simulated damaged vehicle. In the assembly of this verification scenario, in general, a collision occurred 66% of the time and the average had an effect on the speed of 25 mph.
None of this is extraordinarily unexpected for anyone who has used any of these systems, because they are all in varying degrees, all require special attention. A lot of things can happen badly quickly.
Confederate ship blown up by crew
I’ve reached the rather alarming level of the pandemic where drinking doesn’t help. That doesn’t mean it doesn’t help the maximum of time.
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