LONDON -- Europe's automobile and parts sector SXAP rose on Friday after China unveiled steps to boost car sales, as it tries to shore up a sluggish economy, while Volvo Cars results also supported the sector.\nThe STOXX 600 car and parts index rose 0.36 percent and was set for a modest weekly gain of 0.2 percent.\nChinese authorities announced measures aimed at boosting sales of automobiles and electronics, but those steps fell short of impressing investors, who have been clamouring for stronger stimulus.\nSweden-based automaker Volvo Cars, majority-owned by China's Geely Holding, gained the most after the automaker forecast healthy demand for its vehicles despite pricing pressures.\nRenault rose 1.6 percent.
"}}}},{"node":{"postTitle":"Chinese autonomous vehicle tech raises concerns, US transportation chief says","slug":"chinese-autonomous-vehicle-tech-raises-concerns-us-transportation-chief-says","publishDate":"2023-07-21 19:46:32-04:00","createdLocal":"2023-07-22 14:31:03.856945","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Reuters Published byWASHINGTON (Reuters) – U.S. Transportation Secretary Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle companies in the American market after some lawmakers called for restrictions on their operations.\n“Whether we are talking about hardware or software, in the same way there are concerns around telecom or TikTok, there are concerns around transportation technologies,” Buttigieg said in an interview with Reuters.\nButtigieg said the United States needs to better understand “the true ownership of the different enterprises that are supplying…Read More
"}}}},{"node":{"postTitle":"Realtimecampaign.com Discusses What an Autonomous Engineer Does","slug":"realtimecampaign-com-discusses-what-an-autonomous-engineer-does","publishDate":"None","createdLocal":"2023-07-22 14:31:01.883028","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Autonomous Engineers Develop Vehicle Operating SystemsOne of an autonomous engineer's most essential jobs is to aid in the development of effective operating systems for driverless vehicles.\nIn fact, according to realtimecampaign.com, some of today's best autonomous engineers got their start as video game developers.\nAutonomous engineers work with hardware and systems engineers regularly to identify and resolve complex technical issues.\nThey all want to develop autonomous vehicles that operate safely and predictably no matter what kinds of challenges come up.\nTroubleshooting Autonomous Vehicle TechnologiesDrivers who have been paying attention to technological innovations know that autonomous vehicle technologies already exist.
"}}}},{"node":{"postTitle":"AVs on our roads? Look for fewer accidents, economic boost","slug":"avs-on-our-roads-look-for-fewer-accidents-economic-boost","publishDate":"2023-07-21 01:27:00+00:00","createdLocal":"2023-07-22 14:31:00.202377","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"This competition is particularly evident on our nation's roadways with the rise of autonomous vehicles (AVs).\nIncreased safety: Autonomous vehicles could prevent 1,442,000 accidents and 12,000 fatalities, resulting in economic savings of $94 billion.\nAutonomous vehicles could prevent 1,442,000 accidents and 12,000 fatalities, resulting in economic savings of $94 billion.\nEnhanced mobility and access: Autonomous vehicles could increase annual vehicle miles traveled (VMT) by persons with disabilities by 4.6 billion miles, elderly individuals by 4.9 billion miles, and nondrivers by 2.4 billion miles.\nAutonomous vehicles could increase annual vehicle miles traveled (VMT) by persons with disabilities by 4.6 billion miles, elderly individuals by 4.9 billion miles, and nondrivers by 2.4 billion miles.
"}}}},{"node":{"postTitle":"How autonomous vehicles M&A performed in the automotive industry in Q2 2023","slug":"how-autonomous-vehicles-m-a-performed-in-the-automotive-industry-in-q2-2023","publishDate":"2023-07-22 00:54:15+00:00","createdLocal":"2023-07-22 14:30:58.995604","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Analysis of the key themes driving M&A activity reveals that autonomous vehicles accounted for 10 automotive deals announced in Q2 2023, worth a total value of $71m.\nThe market size analysis, major suppliers, top 14 markets, technology trends and detailed related-componeGlobalData’s Automotive Autonomous Vehicles Market Trend Analysis and Forecast, 2021-2036 report.\nRelated deal volume increased by 150% in Q2 2023 versus the previous quarter and was 233% higher than in Q2 2022.\nThe top-ranked financial advisors supporting these M&A deals in Q2 2023 were ACP Capital Markets; Benchmark Investments; Evercore with 1, 1, 1 deals respectively.\nFor further understanding of GlobalData's Automotive Autonomous Vehicles Market Trend Analysis and Forecast, 2021-2036 buy the report here.
"}}}},{"node":{"postTitle":"Nokian Tyres profit tumbles amid Russian exit","slug":"nokian-tyres-profit-tumbles-amid-russian-exit","publishDate":"2023-07-21 00:00:00","createdLocal":"2023-07-22 14:30:57.396873","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"HELSINKI, July 21 (Reuters) - Finland's Nokian Tyres (TYRES.HE) on Friday reported a sharp fall in operating profit for the second quarter, sending its shares down 8%, though it expects the second half of the year to be stronger as winter tyre sales pick up.\nThe company reported a second-quarter operating profit of 9.5 million euros ($10.57 million) compared to a year-earlier profit of 46.9 million euros, adjusted from an initially reported loss due to the impact of its withdrawal from Russia.\nQuarterly net sales, excluding the impact from the exited Russian business, fell 11.8% to 293 million euros.\nNokian said in April it expects the end of the year to be profitable thanks to winter tyre demand and being able to sell outsourced products.\n($1 = 0.8991 euros)Reporting by Essi Lehto; Editing by Niklas Pollard, Jan Harvey, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
"}}}},{"node":{"postTitle":"Tesla’s margins remind us that it’s an automaker, not a tech company","slug":"teslas-margins-remind-us-that-its-an-automaker-not-a-tech-company","publishDate":"2023-07-21 00:00:00","createdLocal":"2023-07-22 14:30:56.437037","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Tesla’s stock is worth more than that of Ford, General Motors, Toyota, Volkswagen and Stellantis combined.\nBut that share price took a hit this week after the company reported declining auto gross margins in the second quarter.\nTesla’s stock closed $291.26 Wednesday after reporting earnings but has since fallen to $261.56 at the time of this writing.\nWith the stock price continuing to tumble, bears say Tesla’s share price is starting to reflect the reality of the company: Tesla talks a big game, but in the end, it’s just an automaker with automaker problems.\nBut the reality is, it has automaker margins now.
"}}}},{"node":{"postTitle":"How autonomous vehicles M&A performed in the technology industry in Q2 2023","slug":"how-autonomous-vehicles-m-a-performed-in-the-technology-industry-in-q2-2023","publishDate":"2023-07-22 01:42:45+00:00","createdLocal":"2023-07-22 14:30:56.076505","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Analysis of the key themes driving M&A activity reveals that autonomous vehicles accounted for 6 technology deals announced in Q2 2023, worth a total value of $787.5m.\nThe market size analysis, major suppliers, top 14 markets, technology trends and detailed related-componeGlobalData’s Automotive Autonomous Vehicles Market Trend Analysis and Forecast, 2021-2036 report.\nRelated deal volume increased by 50% in Q2 2023 versus the previous quarter and was 100% higher than in Q2 2022.\nThe top-ranked legal advisors supporting these M&A deals in Q2 2023 were White & Case; Hogan Lovells International; Osler, Hoskin & Harcourt with 2, 1, 1 deals respectively.\nFor further understanding of GlobalData's Automotive Autonomous Vehicles Market Trend Analysis and Forecast, 2021-2036 buy the report here.
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