Transportation News
Explore the latest news from the transportation sphere including car reviews, coverage of the leading automakers, topics on self-driving, autonomous EVs, drones, logistics, etc.
Transportation involves the movement of individuals and goods from one place to another. The transportation industry features a class of firms, businesses, and organizations that deal with the provision of transport services to customers across the world. Transport frameworks, by the portability they give, are firmly identified with financial changes with time.
As per Global Industry Classification Standard, the transportation industry comprises firms that operate and offer services relating to the transfer of people and products through road, airlines, marine, rail, air freight, and logistical means.
Just like every other industry, the evolution of the transport industry has featured the use of several means and modes, from the use of canoes and boats to rails, cars, cargoes, airplanes, etc. and has become more efficient while dealing with new complexities. However, economic doors are more likely to be opened where transportation frameworks can guarantee access to business sectors and assets.
The exhibition of firms in the transportation business is mostly subject to changes in organizational profit and the cost of moving products and services from one place to another. Some of the primary elements influencing organizational profit include the cost of fueling machines, work costs, service demand rate, geopolitical occasions, and supervisory measures and guidelines by the government. Notably, a large number of these components are related. For instance, if some government decides to impose laws and guidelines that make it hard for individuals to secure their corporate drivers’ permit, the number of drivers in the country will see a massive reduction and consequently increase the expense of employing commercial drivers.
Logistics news
Stay tuned to Coinspeaker to get the latest transport industry news and information we take you closer to the world of transportation whose great potential has continued to entice and attract new investors and stakeholders.
GM can make use of Oculii’s efficient and low-cost radar software to rectify their vehicle’s speed camera resolutions and amplify their existing vehicle portfolio.
The Tesla Model S Plaid car set a 7:30:909 Nürburgring lap record without enhancements, as company readies the vehicle for the market.
Ford is following in the footsteps of companies like General Motors and Harley Davidson, to abandon India after recording significant losses.
XPeng believes integrating Robotics into the auto industry will help the industry adjust to changing environments.
Despite being 85%, and 47% up in the past year and YTD respectively, Ford stock has lost approximately 16%, and 7% in the past three months and one month respectively through Tuesday.
Toyota is now joining other major carmakers in the EV race and is committed to improving supply systems and the general health of its batteries.
The BYD sales number for August tops that of July which came in at 50,492.
The German subsidies would help Tesla with €1 Billion of the €5 Billion it intends to invest in the gigafactory at Gruenheide.
The tech giant is looking to produce its own autonomous-car batteries as opposed to outsourcing them. Apple wants to build these batteries in the United States rather than get suppliers from other countries to create them.
Despite a record delay in its launch, Tesla is making impressive advances with its Full Self Driving (FSD) technology.
GM stock has added approximately 66%, and 17.5% in the past year and year to date respectively, but has dropped approximately 22%, and 10% in the past three months and one month respectively.
Chip shortages and massive supply chain issues forced automakers including Tesla to cut down on production despite the heightened demand. This pushes further the Roadster launch to 2023.
Xiaomi has deliberately moved to beef up its research and development in the new space with its purchase of an autonomous driving technology startup Deepmotion for over $77 million.
The production of the F-150 pickup truck, Ford Edge, and Lincoln Nautilus crossovers will experience a cut down next week due to the ongoing global shortage of semiconductor chips.
The United States National Highway Traffic Safety Administration (NHTSA) has opened a probe into electric vehicle manufacturer Tesla in relation to its autopilot system.