Honda Motor Co. has boosted its operating income forecast for the full year but gave guidance that missed analyst estimates, leaving investors disappointed as the automaker embarks on an ambitious plan to go all electric by 2040 and make highly autonomous cars a reality. Operating income for the 12 months ending March should touch ¥780 billion ($7.1 billion), up from previous expectations for ¥660 billion, Honda said in a filing Wednesday. Analysts had been looking for around ¥803 billion. For the first quarter ended June, Honda reported operating income of ¥243.2 billion -- more than double the average analyst estimate of ¥100.8 billion. Despite spending heavily on research and development, Honda's high-tech plans haven't borne much fruit.
It's no secret that global mobility ecosystems are changing rapidly. Like so many other industries, automakers are experiencing massive technology-driven shifts. The automobile itself drove radical societal changes in the 20th century, and current technological shifts are again quickly restructuring the way we think about transportation. The rapid progress in AI/ML has propelled the emergence of new mobility application scenarios that were unthinkable just a few years ago. These complex use cases require some rigorous MLOps planning.
In this decade, companies across the globe have embraced the potential of artificial intelligence for digital transformation and enhanced customer experience. One important application of AI is enabling companies to use the pools of data available with them for smart business use. BMW is one of the world's leading manufacturers of premium automobiles and mobility services. BMW uses artificial intelligence in critical areas like production, research and development, and customer service. BMW also runs a project dedicated to this technology called Project AI, for efficient use of artificial intelligence.
While CUE is experiencing a moment in the spotlight, the robot isn't the best three-point shooter the world has ever known. American podiatrist Tom Amberry set the world record for humans, 2,750 consecutive shots, in 1993 at age 71. Ted St. Martin of Jacksonville, Fla., pushed the consecutive mark to 5,221 in 1996 and still holds the record today. Others have achieved a number of basketball shooting feats, some while blindfolded.
Paris – Leading automakers have signaled their intention to scrap internal combustion engines by 2030 or cut back sharply on their production as the sector turns toward electric vehicles. The latest to unveil plans was German group Daimler, maker of Mercedes Benz and smart cars, which aims to be fully electric before 2030 -- five years ahead of a deadline proposed by the European Commission. Here is a look at who wants to do what. Daimler Plans to invest more than €40 billion ($47 billion) to be able to electrify all of its cars by the end of the decade. From 2025, all Mercedes "architectures" -- the chassis, motor and wheels -- are to be 100% electric. Daimler also plans to build eight factories to produce the batteries that are the vehicles' key component.
Japanese auto giant Toyota Motor unveils their new violin-playing robot at the company's showroom in ... [ ] Tokyo, 06 December 2007. Toyota unveiled three mobile robots, one called a "partner robot", one that plays the violin and a third which can transport a passenger with two wheels. IoT or the Internet of Things has been widely deployed in the past decade as sensors became smarter, machine learning proliferated and advanced, access to WiFi, Bluetooth and other wireless communications became prevalent, and cloud storage and computing technologies matured. In general, IoT achieved intelligent networking of "things" that were typically static or stationary, through movement of data. The ongoing and imminent revolution is in the Autonomy of Things or AoT - which for purposes of this article is defined as autonomous movement of "things" or robots, either in public (mostly uncontrolled), semi-public (somewhat controlled, includes outer space) or private (highly controlled) spaces.
Even if your 2004 Toyota Camry runs like a champ, you're still stuck using Google Maps with your iPhone in a mount. But there's a workaround to get Apple CarPlay running in older cars that weren't sold with the ability to mirror your phone display onto the car's dash screen (if it even has one). You can finally have all your music, podcast, navigation, and messaging apps on one convenient screen. And you'll even be able to use Siri for voice control. First, you need to buy the screen.
The 2022 Ford Maverick pickup has been revealed with a standard hybrid powertrain and a starting price of $19,995. Fox News Autos Editor Gary Gastelu visited Ford's Michigan Proving Ground to get an up close look. Ford Motor Co. and a self-driving vehicle company it partly owns will join with the Lyft ride-hailing service to offer autonomous rides on the Lyft network. The service using Ford vehicles and a driving system developed by Pittsburgh-based Argo AI will begin in Miami later this year and start in Austin, Texas, in 2022. It will start with human backup drivers and go fully autonomous at an unspecified date.
Honda Motor Co. long eschewed big strategic alliances, preferring to go it alone even as many of its carmaking peers banded together to improve economies of scale. That's changing now that the Japanese automaker is shifting more aggressively to electric vehicles. "It will be extremely risky for Honda to push the move alone," Chief Executive Officer Toshihiro Mibe said in an interview Tuesday. "It's meaningful to form alliances, mass-produce and lower costs to make our business sustainable." As the world's largest manufacturer of engines, Honda is uniquely exposed to risks posed by combustion falling out of favor around the globe.
Lidar, or laser-based radar, is a key enabling technology for self-driving cars. It's also expensive: Together, a single lidar sensor and the computing system needed to run it can run more than $1,000 per vehicle. Executives across the auto industry estimate that lidar costs would need to fall by half in order for the technology to be more widely adopted. That said, the new Xpeng vehicle costs considerably less than what consumers might pay for a vehicle made by fellow EV producer Tesla (TSLA). A Chinese-built Tesla Model 3, for example, starts at roughly 250,000 Yuan before government subsidies.