Posts By: Matt Posky

By on June 30, 2020

Uber Technologies is reportedly in negotiations to acquire Postmates, specifically for the purpose of incorporating the brand’s food-delivery services into Uber Eats and cashing in government lockdowns that look to ensure 2020 remains a perfectly dismal year.

Our collective loss may end up being Uber’s gain, however.

With constraints easing in most regions, ridership is slowly creeping back up. That will undoubtedly continue as risk-adverse urbanites choose to avoid the subway and bus lines for months to come.

Meanwhile, new restrictions on dining establishments are effectively forcing delivery services to become an umbilical cord between restauranteurs and their customers. Now is the perfect time to get a bead on the market and make moves, ensuring your place as the all-important middle man.  (Read More…)

By on June 30, 2020

Chinese electric car startup Byton will reportedly idle production next month as it attempts to reorganize itself. While the coronavirus emerged as a villain in this play, the issues confronting Byton actually seem pretty dire. The company isn’t just idling factories to address a health crisis, it’s shutting things down for six months while it engages in more fundraising and tries to pay what’s owed to employees.

That’ll be tough with no normal income. Byton has already furloughed a large portion of its staff in California and plans to cease all production in Nanjing. While we knew the PRC’s approach to electrification would ultimately result in countless EV startups going under, we didn’t expect Byton to be among them. Slick products, good marketing, and interesting designs made it seem like it could go the distance — now it seems wholly preoccupied with survival. (Read More…)

By on June 29, 2020

American Honda has joined a cadre of sizable brands opting to pause advertising on Facebook and Instagram in order to “stand with with people united against hate and racism.” It’s part of a broader campaign, called #StopHateforProfit, in which activists push brands to boycott social media giants until they enact stricter regulations about what constitutes actionable language that should be censored/penalized.

Over the last few days, we’ve seen numerous companies adopt the increasingly popular campaign, yet the reasons for doing so seem as varied as their individual terms and conditions. Multinational consumer goods company Unilever said it will scrap all social media advertising for the remainder of 2020 in the United States. While most attribute this primarily to hate-speech concerns, the company also noted that the contentious political climate on those platforms (including Twitter) having become undesirable for its own advertising purposes. Coca-Cola is similarly pausing social media spending for a few weeks, it’s made it clear that it’s not joining the official boycott, despite claims to the contrary in the news.

While Honda’s involvement in the movement is a little easier to follow, there are still a few twist and turns. (Read More…)

By on June 29, 2020

Having already pulverized the dead horse of waning auto sales into a fine paste, we’ll now turn our focus on how it’s impacting employment among automotive retailers — squashing another pony.

Much of the information up until this point has been anecdotal and conditional to the North American response to COVID-19. Furloughs were rampant as the pandemic progressed and new safety rules seemed poised to cripple sales moving forward. There was an obvious general plight confronting automotive retailers, but we couldn’t nail down what that meant in terms of job losses.

We still don’t, frankly. But it is starting to become obvious that there isn’t much reason to be exceptionally optimistic. AutoNation recently announced that around half of the 7,000 workers it furloughed in April won’t be coming back. Despite some retailers claiming not to need such drastic cuts, plenty are following AutoNation’s model. With fewer customers and sweeping restrictions on how showrooms can be operated, there’s little reason for there to be all hands on deck. But just how many will be forced to abandon ship this year?  (Read More…)

By on June 27, 2020

Always eager to slash delivery costs — especially if the government opts to stop subsidizing the company via the U.S. Postal Service — Amazon has been getting chummy with EV startups. It’s also begun exploring new business opportunities in regard to food delivery and ride hailing, resulting in sizable investments into both sectors.

On Friday, Amazon announced it will acquire California-based Zoox to help it further those goals. Coming off a staffing reduction of about 10 percent to contend with the pandemic, the company is currently focused on delivering an symmetrical, self-driving, zero-emissions vehicle that can compete on the currently nonexistent robo-taxi market. While the world’s 13th largest company (by revenue) seems like it would make good use of the property to advance its autonomous delivery program, corporate messaging seems to indicate Amazon is more interested in Zoox’s expertise in people moving.  (Read More…)

By on June 26, 2020

The California Air Resource Board (CARB) just passed a mandate that will require manufacturers of big rigs, heavy duty pickups, and some construction equipment to adhere to new zero-emission quotas and a carbon-credit system.

As all-electric 18-wheelers are in short supply, California wants to wait a few years to put the new rules into play. Still, it’s eager to get the ball rolling so it can start replacing diesel-driven transport with something from the battery-electric section. It also gives the state another opportunity to pat itself on the back despite not having any clue whether or not the strategy is economically sustainable. Even with battery technology moving at a fair clip, there’s a lot of engineering left to be done before these types of vehicles can become commonplace.  (Read More…)

By on June 26, 2020

PSA Group CEO Carlos Tavares has bucked the notion that his company’s merger agreement with Fiat Chrysler Automobiles needed its terms massaged. Living through the coronavirus should be proof enough that automotive partnerships are essential for weathering the coming economic storm, and that governments shouldn’t stand in the way — or so goes the theory.

During PSA’s annual shareholder meeting on Thursday, the CEO suggested that the poor condition the global auto industry finds itself in makes this a poor time to discuss the issue. Tavares believes the unsavory conditions created by COVID-19 makes cost savings even more vital and that partnering with another automaker is its best bet to stay healthy. “The merger with FCA is the best among the solutions to cope with the crisis and its uncertainties,” he said.  (Read More…)

By on June 25, 2020

Toyota Motor Corp. is recalling roughly 752,000 vehicles due to a presumed faulty hybrid system. Around 267,000 of the affected units are Prius vehicles sold in the United States.

According to the manufacturer, certain Prius (MY 2013-2015) and Prius V (2014-2017) models can fail to enter fail-safe driving mode in response to certain hybrid system faults. While the conditions for this are said to be fairly specific (though not explained by the automaker in any detail), the resulting failure would see the car lose power and stall. Obviously, this represents a safety risk.  (Read More…)

By on June 25, 2020

Unifor hopes to sway the Canadian government toward an automotive strategy centered around the adoption and manufacturing of electric vehicles and a totally revised economic system. On Wednesday, the union released its “Road Map for a Fair, Inclusive and Resilient Economic Recovery” while announcing that corporations have failed everyone.

It’s all part the #BuildBackBetter campaign, which sees the coronavirus pandemic that made 2020 a collective — yet strangely isolating — hell for all of us as a unique opportunity to rebuild society under the banner of economic justice. “Unifor’s plan is designed to build a more strategic and self-reliant economy that can both withstand and prevent future crises,” Unifor National President Jerry Dias said in the initial announcement.

“This is an ambitious road map but I think ambition is what our country and its workers need right now.” (Read More…)

By on June 24, 2020

Following reports that Rivian might decide to move a large portion of its operations out of Michigan, news has reached us that it’s all but abandoning the Mitten State for sunny California.

Starting its life as Avera Motors in Florida back in 2009, the EV startup moved to Plymouth, Michigan in 2015 to poach talent from the Big Three and lay down some roots. However, the company doesn’t appear to have wormed its way into the soil all that deeply. It now plans to move a sizable portion of its operations to Irvine, California, with some employees heading to its plant in Normal, Illinois, to prepare for production.

This has got to be a slap in the face for some Michigan residents, since many were instrumental in the development of Rivian’s first models. The business fired a gaggle of people at its engineering and design center near Detroit at the start of June, only to slot in a couple of high-paid executives. Now it’s starting to look like it may pull up stakes and skip town. (Read More…)

By on June 24, 2020

Over the weekend, NASCAR incurred what was assumed to be a racist incident after a member of outspoken Richard Petty Motorsports driver Bubba Wallace’s team claimed someone had hung a noose in Wallace’s garage. Earlier in the month, the diver released a new livery on his No. 43 Chevrolet promoting Black Lives Matter, saying he and his team stood in broad support of the organization. He also requested NASCAR ban the Confederate flag from all future events — getting his wish and causing a minor ruckus within the community.

The context helped frame the noose that appeared in his garage on Sunday as a racist action and drew massive support from every corner of the sport. Richard Petty came out to said he would stand with Wallace and practically everyone walked with him down Talladega’s pit lane in solidarity. NASCAR President Steve Phelps likewise expressed his backing for Wallace on Monday, saying whoever committed the hateful act would be barred from the sport for life.

This was followed by Northern District of Alabama U.S. Attorney Jay Town saying his office had launched an investigation along with the FBI and the Department of Justice Civil Rights Division. The wheels of justice were put swiftly into motion, but it turned out that the noose was just a door pull someone had set up in 2019.   (Read More…)

By on June 24, 2020

The National Highway Traffic Safety Administration (NHTSA) said Tuesday it has launched an investigation into Tesla’s Model S. Frequent complaints have arisen of the vehicle’s media control unit going on the fritz and knocking out the vehicle’s touchscreen.

We’ve seen several outlets minimize the issue by suggesting gaps in Tesla’s Autopilot should be seen as more pressing. Apparently, many see potentially faulty touchscreens as small potatoes. But we can’t agree; not when they happen to operate the brunt of the car’s auxiliary functions, and we’ve heard reports of this very problem for years. If you need a refresher course, we covered the matter extensively in the fall of 2019. The gist is that the embedded Multi-Media Controller (eMMC) on MCUv1 units seem to be overworked. Constantly logging data is tough on the system, and this setup didn’t appear to be capable of handling the high load, resulting in flash-memory wear.  (Read More…)

By on June 23, 2020

On Monday, Nevada Governor Steve Sisolak announced that his state will embrace California-crafted emissions rules that are at odds with the national rollback finalized by the Trump administration in March.

Officially, Sisolak said the rules would not require residents to abandon their current ride “or choose one that does not work for their lifestyle or business needs.” Nevada has, however, decided to adopt higher mpg standards, as well as the Golden State’s zero-emission vehicle (ZEV) rules that require manufacturers to sell a certain number of electric or plug-in hybrid models each year based on the total number of vehicles sold within the state.

Companies in compliance accrue ZEV credits, which can then be traded or sold to other manufacturers for money. As with the Corporate Average Fuel Economy (CAFE) system, those that cannot hit their targets (or afford to buy up credits) will be fined. Tesla actually used such arrangements to make $594 million off its rivals in 2019, with the prospect of things only getting more lucrative for the all-electric brand.  (Read More…)

By on June 23, 2020

 

Ren Cen. GM

General Motors CEO Mary Barra has appointed a new board to address racism and discrimination that may be lurking within the company. The automaker has taken a vocal stance against racism following widespread protests spurred by the killing of George Floyd and wants to be clear as day that it’s committed to diversity and inclusion. While not the most novel of concepts, as there isn’t a single company taking the counter argument, GM believes it can become the least racist of them all, with a little work.

“The board will guide our work to improve diversity and inclusion in our company, with the ultimate aspiration of making GM the most inclusive company in the world,” Barra wrote Monday in an internal document scooped by Automotive News(Read More…)

By on June 23, 2020

When Sir Thomas More coined the term “utopia,” he lifted two words from Ancient Greek that roughly translate into “not a place.” Turns out people from the 16th century still understood satire, perhaps better than we do today. After all, we are the ones operating under the assumption that we can remap society in order to build consequence-free transportation network without a shred of humor to keep us grounded.

We may not need satire in this instance, however. A new study published in the American Journal of Public Health asks questions about how just effectively the shift to autonomy will benefit society as a whole. Industry leaders have broadly framed the shift toward self-driving as kicking down the door to an idyllic universe where no one wants for transportation, with autonomous taxis serving as the first wave of this planned paradise. The reality may be vastly different that what’s being sold, however.  (Read More…)

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