Connected vehicles are booming – they're often mentioned in the same breath as autonomous cars, but are much more achievable from a technical perspective. Car makers are increasingly making on-board cellular data connections a standard option, too, and now we have some insight into why – a survey of automotive company executives found that they share the opinion that connected cars are huge revenue generators, with around 10x the earning power of the average non-connected vehicle. The auto execs, responding to a survey created by KPMG with a sample group of 1,000 high-level car company employees, found that 76 percent of respondents said connected cars generate tenfold what a standard vehicle can produce in terms of available revenue streams, and 71 percent said the impact is so significant that just tracking unit sales to measure relative carmaker performance is an outdated measure that no longer paints an accurate picture. The survey also found that 83 percent of execs agree that they'll derive revenue from data shared by vehicle owners, and that they also need to focus on information security and privacy as a key value to attract customers in the future as a result. It's increasingly clear that vehicles have a role as a center for computing activity in our lives, which means data transfer, which means an opportunity to make money.
S Leading GPU manufacturer, Nvidia reported its Q3'17 results on November 10th. In Q3, the company's automotive revenues increased at 61% on a year-over-year basis to $127 million. The key reason driving this growth is the fact that the company is witnessing strong demand for its DRIVE PX 2 platform from autonomous car makers. In this analysis, we discuss key factors driving this demand. Self-Driving vehicles offer a huge opportunity for a number of companies to step in and become integral parts of the entire self-driving car supply chain or to establish themselves as key players in the market.
In the U.S. alone, revenues from the trucking industry rose to $796.7 billion in 2018, up from $700.1 billion the previous year, according to the American Trucking Associations. Trucks moved more than 70% of the country's freight. A major factor for businesses in choosing self-driving trucks is greater fuel efficiency, which cuts fuel costs by at least 15%, according to Plus.ai. "There's no question that autonomous trucks will be ready before autonomous cars," Plus.ai COO and co-founder Shawn Kerrigan said in a statement to CNBC.
Tesla Motors has set May 4 as the date when it will release its financial results for the first three months of the year, the company said Wednesday. The report, which will arrive after markets close that day in New York City, also will address progress the company is making on the rollout of its Model X unity vehicle, the company said. The recent unveiling of the lower-priced Model 3 electric compact sedan -- which led to roughly 400,000 pre-orders at 1,000 apiece this month -- also drew a much-needed cash influx. But CEO Elon Musk's company will need to raise more capital, which might be a center of discussion during a live webcast between Tesla's leadership and analysts at 5:30 p.m. EDT after the results are released. Musk will likely be asked about Monday's Consumer Reports review citing a number of quality issues with "early build" Model X vehicles.
Nissan Motor Co. is opposing renewed efforts by alliance partner Renault SA to merge under a holding company because such a structure won't help turn it around, according to a source with knowledge of the discussions. Talks have been ongoing since Renault Chairman Jean-Dominique Senard first made an informal proposal to Nissan Chief Executive Officer Hiroto Saikawa in April, the source said, asking not to be identified because the discussions aren't public. Nissan rebuffed the idea then and has continued to oppose it, the source said. News of the talks comes as Nissan was set to report on Tuesday its lowest annual operating profit in a decade, hurt by slumping U.S. sales, aging models and a product cycle that's out of sync. The merger proposal came after the most tumultuous few months in the companies' two-decade partnership, which was shaken by the shock arrest of the alliance's chief architect and former chairman, Carlos Ghosn.