This week we’re looking to the future – from self-driving cars for personal use to flying cars and fully electric vehicles. As always you can count on us to bring you interesting automotive news.
American Drivers Embrace Self-Driving Cars
A new survey by Adobe Analytics has revealed that 40% of drivers in the US would consider purchasing a self-driving car in the future. As reported by Reuters, US drivers are increasingly interested in relaxing behind the wheel as they get from A to B, instead of having to concentrate on the road.
While it may be years before regular consumers have self-driving cars on their driveways, the sector has already seen huge amounts of investment. Companies from Uber and Lyft to Alphabet’s Waymo and carmakers like Hyundai and BMW have invested billions into developing self-drive technology.
UAW poised to end strike action
After 38 days the Union of Auto Workers has proposed a deal with GM that will end the strike. As CNBC reports, a major point of the deal will be UAW dropping a lawsuit against GM that was filed this past February. Under the terms of the proposed agreement the suit would instead go to arbitration – that is, if UAW’s 48,000 members vote through the deal.
Tesla Posts Strong Profits
After a tough beginning to the year, with reports of cars catching fire and a series of negative headlines for CEO Elon Musk, Tesla has posted strong earnings for the 3rd quarter of the year. Recording a revenue of $6.3 Billion, the company has shaken off rumours of production problems with an announcement that building work on a new factory in Shanghai is ahead of schedule.
As CNBC reports, Tesla also shared the news that it’s working on a new Gigafactory in Europe, which will be used to produce electric cars, and is ahead of schedule on production of its new Model Y crossover.
Volvo Starts Rollout of Fully Electric models
Swedish carmaker Volvo has announced that it will unveil a new electric model every year between now and 2025. As reported by Tech Crunch, the carmaker used the launch of its new XC40 Recharge model to make the announcement. The compact XC40 is the first of Volvo’s fully electric offering, designed to be a city-friendly SUV crossover.
The company has a target of becoming carbon neutral by 2040 and hopes that 50% of its sales will come from fully electric vehicles by 2025, with the balance made up with hybrid models. “We made safety a part of our brand and part of our company, we should do exactly the same with sustainability,” Volvo Car Group President and CEO Håkan Samuelsson explained at the launch.
Flying Cars are the Future
Among all the talk of self-driving cars, Porsche and airplane maker Boeing are going one better. As Tech Crunch reports, the companies have partnered up to work together on the idea of ‘premium’ electric vertical take-off and landing (eVTOL) vehicles. Although the partnership is in its early stages, the companies could end up working on a flying prototype. Porsche’s consulting group found that urban air transportation is likely to increase in the next decade, so it looks like they’re getting in ahead of the game.