Posts belonging to Category automobile



Driverless cars similar to antibiotics says Carlos Ghosn

We’re Five Years From Safe, Driverless Cars For All

Carlos Ghosn, CEO of the Renault-Nissan-Mitsubishi Alliance,  has detailed the impact of the driverless car on human daily lives (Interview at BFMTV). There are between 1,3 million and 1,4 million death on roads every year in the world. The driverless car will eliminate 90% of the fatal accidents.

https://www.forbes.com/

U.S. record oil exports bite into Russia, OPEC market share in Asia

U.S. crude production hit all-time highs

Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization of the Petroleum Exporting Countries (OPEC). The United States is set to export 2.3 million barrels per day (bpd) in June, of which 1.3 million bpd will head to Asia, estimated a senior executive with a key U.S. oil exporters.

Data from the Energy Information Administration shows U.S. oil exports peaked at 2.6 million bpd two weeks ago. [EIA/S] The record outbound volumes come as U.S. crude production hit all-time highs, depressing U.S. prices to discounts of more than $9 a barrel below Brent crude futures on Monday, the widest in more than three years and opening an arbitrage for excess supplies to other markets. WTCLc1-LCOc1

https://www.reuters.com/

Humans are sometimes superior to robots

Elon Musk tweets about Tesla delays

  • “Yes, excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated,” Musk wrote in a tweet on Friday3.
  • His tweet came in response to a story from CBS, in which the CEO bemoaned the Model 3 as overly ambitious, and the production process as too technical.

http://www.cnbc.com/

SpaceX’s Valuation Climbs to $25 Billion

Company authorized raising $507 million on April 5

The value of Elon Musk’s Space Exploration Technologies Corp. keeps reaching new heights.
The rocket maker authorized a $507 million fundraising round on April 5 at a valuation of about $25 billion, according to PitchBook Data. With that increase in SpaceX’s worth, Musk’s fortune would rise about $1.4 billion to $21.3 billion, according to Bloomberg Billionaires Index calculations.
http://www.bloomberg.com/

China wants half of the electric vehicle business

China signed a deal to secure a huge amount of the global supply of cobalt, key component of electric cars batteries

China has signed a huge deal to secure the lion’s share of global cobalt supply — a core component of electric car batteries. The deal will see GEM — a $4.6 billion company listed on the Shenzhen stock exchange — purchase 50,000 tonnes of cobalt from mining company Glencore over the next three years. According to the Financial Times, that’s equal to half of the world’s total cobalt supply in 2017 — and comprises around one third of Glencore’s total production estimates through 2020.

The Glencore deal locks in China’s position as a market leader in the manufacturing of electric car batteries globally — given that it already produces more than 80% of the world’s refined cobalt. Prices for the metal have doubled over the past two years as electric vehicle manufacturers scramble to secure adequate supplies.

http://businessinsider.com…  March 15, 2018

Theresa May’s hopes of a post-Brexit trade deal with Trump in doubt

Trump launches European trade war

Theresa May’s plans for a quick post-Brexit trade deal with the US have been thrown into doubt after Trump announced plans to launch a trade war with Europe.

The president is reportedly planning to impose up to 25% tariffs on imported steel and 10% on aluminium in an attempt to save US industry.

“We are on the losing side of almost all trade deals,” Trump tweeted on Monday.

“Our friends and enemies have taken advantage of the U.S. for many years. Our Steel and Aluminum industries are dead. Sorry, it’s time for a change! MAKE AMERICA GREAT AGAIN!” 

http://www.businessinsider.com…  March 06, 2018

Trump announces plans for heavy tariffs on steel and aluminum imports

Ugly trade war with China

President Trump unveiled plans Thursday to slap hefty tariffs on global imports of steel and aluminum, catching much of his administration by surprise, sending stocks plunging and sparking widespread fears that he was leading the United States into an ugly trade war with China as well as key American allies. Trump said he would sign an order next week to impose 25% tariffs on steel imports and 10% duties on aluminum, using his authority under an obscure trade law provision that permits the president to take sweeping measures in the name of national security.

Trump has long been a critic of U.S. trade policies, and he was elected partly on the promise to revamp the way Washington does business with the rest of the world. On Thursday, Trump assured U.S. manufacturers that they will “have protection for a long time .… You’ll have to regrow your industries. That’s all I’m asking.” For months, administration officials with less nationalistic views on trade, such as chief economic advisor Gary Cohn, have tried to dissuade Trump from imposing broad tariffs in response to America’s big trade deficit and what the president views as the world taking unfair advantage of the U.S. The shift was reflected in the recent rise in influence of more hawkish advisors who share Trump’s skepticism of trade, including Peter Navarro.

http://www.latimes.com…  March 02, 2018

America’s oil exports are booming

Prices are climbing

The resurgence of the oil industry can be traced back to what happened in Congress one day in December 2015. That’s when lawmakers ended the 40-year ban on U.S. oil exports. Crude pumped in Texas, Oklahoma and North Dakota could suddenly be shipped overseas.

At the time, a glut of supply was wreaking havoc on the energy industry. Crude eventually crashed to $26 a barrel. But that glut is disappearing, thanks in part to booming oil exports from the United States. Crude that was once trapped inside the country is now going to Europe, Latin America and even China.

The United States exported a record 1.7 million barrels of oil per day in October 2017, according to the most recent stats from the Energy Information Administration. That’s four times as much as in 2015, when federal law prohibited shipping oil to most places except Canada.

http://www.cnn.com…  January 29, 2018

United States, planet’s leading crude oil producer in 2018

The United States is poised to ramp up crude oil production by 10% in 2018

The United States will produce about 11 million barrels per day, according to research firm Rystad Energy. Surging shale oil output should allow the United States to dethrone Russia and Saudi Arabia as the planet’s leading crude oil producer, Rystad predicted in a recent report. The U.S. hasn’t been the global leader, nor ahead of both Russia and Saudi Arabia, since 1975.

“The market has completely changed due to the U.S. shale machine,” said Nadia Martin Wiggen, Rystad’s vice president of markets.

The prediction shows how the fracking revolution has turned America into an energy powerhouse — a transformation that President Trump has vowed to accelerate by cutting regulation. This long-term shift has allowed the U.S. to be less reliant on foreign oil, including from the turbulent Middle East.

http://money.cnn.com/… Thu., 04  January 2018

Uber’s new profit source

Uber’s food-delivery company is outgrowing the taxi business in some cities

Uber’s fast-growing food-delivery business is now bigger and more important than Uber’s conventional taxi business in numerous cities across the world.

Uber told Business Insider that UberEats was bigger than Uber’s transportation app in 19 European cities, and Toussaint Wattinne, a general manager for UberEats in London, described UberEats as among the world’s fastest-growing food-delivery services.

http://www.businessinsider.com… Wed., 27  December 2017