Italian icon Ferrari yesterday outlined her vision for the future, a future that will never include a self-driving supercar. Also, Porsche was ordered to cough over fuel-saving allegations, and VW bosses questioned America’s battery-making capacity. All that and more inside The morning shift for June 17, 2022.
1st gear: You will never See a self-driving Ferrari, according to its CEO
It’s been a big week for Ferrari news. After sketching his Ambitions to electrify its portfolio of incredible supercars, the company announced yesterday that we would be treated a look at his first SUV in September this year.
Additionally, this new SUV will be the first of 15 new models for the company to be launched by the end of 2026. But all tech-savvy car fans hope so These new models could include some level of self-propelled will be deeply disappointed. According to Bloomberg,
“The Italian company recently hosted a couple of artificial intelligence experts who wanted to explain why Ferrari should embrace autonomous driving. Instead, Chief Executive Officer Benedetto Vigna invited them to take a lap around the company’s Fiorano circuit in a Ferrari.”
In typical Ferrari fashion, Vigna added that the AI experts admitted their presentation of bringing Ferrari to the self-driving side was “useless”.
In an interview with Bloomberg, Vigna said: “No customer will spend money on the in-car computer to enjoy the ride.
“The value of the human, the human at the centre, is fundamental.”
Instead, the company will continue to focus on driver assistance technologies that are commonplace in this day and age Ferrari supercar. These systems help with traction, starts and make it easier for Ferrari owners to get the most out of their slice of Italian performance.
Vigna confirmed to Bloomberg that Ferrari would “never” use a Level 5 autonomous driving system in its cars. the ttechnology cThis would mean that the cars could fully function without human intervention, the A bridge is too far for Ferrari.
2nd gear: Musk sued over discrimination allegations at Tesla
If Ferrari has had a good week, Elon Musk and his plethora of companies are having a bad week. To SpaceX employees began circulating an open letter A Tesla investor urged board members to distance themselves from the unpredictable CEO and has now sued the company and its CEO over allegations of discrimination at the electric carmaker.
According to ReutersTesla shareholder Solomon Chau has sued electric-car maker Musk and the company’s board of directors, accusing them of “failing to address complaints of discrimination and harassment in the workplace,” which she says has led to a “toxic work culture.”
In the complaint, Chau says:
“Tesla has created a toxic work culture based on racial and sexist abuse and discrimination against its own employees.
“This toxic work environment has been evolving internally for years, and it is only recently that the truth about Tesla’s culture has come to light.
“Tesla’s toxic workplace culture has caused financial damage and irreparable damage to the company’s reputation.”
Reuters reports that the lawsuit against Tesla alleges this omission Allegations of discrimination and harassment in the company has “caused Tesla to lose highly qualified employees”. such a procedure also caused the law firm considerable effort in dealing with legal disputes and settling fines.
The case is only the latest in a long line of problems for Tesla and CEO Musk. Maybe it’s problems like that got him calling a top notch team of lawyers earlier this month?
3rd gear: Porsche to P80 million dollars to resolve fuel consumption disputes
The German sports car brand Porsche joins the likes of VW and Stellantis exclusive club of “Automakers who have had to pay to settle allegations of fuel economy fixing.”
Automotive News reports that the 911 maker has agreed to pay $80 million to resolve fuel economy claims on 500,000 vehicles sold in the United States between 2005 and 2020. According to Automotive News:
“The settlement, filed in US District Court in San Francisco, is subject to approval by a federal judge and includes 2005 through 2020 model year Porsche vehicles.
“Owners of the vehicles accused the automaker of physically modifying test vehicles, affecting emissions and fuel economy results. Affected owners of eligible vehicles will receive payments ranging from $250 to $1,109 per vehicle.”
According to Porsche’s attorneys, the owners claimed that the company modified the cars’ hardware and “manipulated the software” to test vehicles to achieve better fuel economy. This meant that the vehicles used in the tests “emit fewer emissions and were more fuel efficient” than those sold to customers here in America.
Even though he spent $80 million To settle the claims, Automotive News reports that Porsche “has not acknowledged the allegations in this proceeding” but hopes the agreement will be a means to “end the issue.”
The settlement is made exclusively against Porsche and the related claims against Porsche apply to vehicles sold in the United States.
4th gear: The US cannot produce electric vehicles fast enough
Automakers in the US claim to be ramping up production of electric vehicles to meet growing consumer demand and increased pressure to curb emissions. However, the head of Volkswagen Group of America has warned that there are still some challenges to be overcome before the companies can keep up Demand for electric vehicles here in America.
Speaking at a forum in Washington, Reuters reported that Scott Keogh, CEO of Volkswagen Group of America, said challenges such as a limited workforce, mining capacity, supply chain issues and broader infrastructure issues could hamper America’s transition to a battery-powered future.
“Keogh estimates that the United States manufactures 150,000 to 200,000 batteries annually and that in seven years “we need to manufacture 8.5 million batteries annually.”
“Keogh also said the United States needs to do more to increase production capacity. The U.S. manufacturing sector has fallen from over 17 million jobs in 2000 to 12.8 million today, recovering to about pre-COVID-19 levels.”
TThe VW manager said that massive investments in the industry were needed, and that the country as a whole needs to move away from a “service economy” and back to a “manufacturing society”, which is good luck.
5th gear: Tax credits essential for EV adoption
But once the U.S. overcomes all of these production limitations, there are even more challenges to overcome in order to encourage EV adoption. The biggest hurdle is the increased cost of electric cars, and how Reduce tax credits for such vehicles could affect their popularity.
General Motors is a big proponent of EV tax credits, and David Strickland, the company’s vice president of global regulatory affairs, said the industry “needs consumer incentives” as it transitions to a battery-powered future.
According to Automotive Newsthe GM exec said that “tax credits ‘how you get the amount of vehicles at a price where you’re really going to get mass adoption’.”
Up to $7,500 in tax credits when you buy a new electric car in the US, early adopters are helping to afford these new vehicles. Increasing demand due to credit is helping to lower EV production costs, which Strickland says can help the industry reach a point where one day it can “make a vehicle without the support.”
Here in the US, this credit expires when you buy a new electric car after an automaker has sold 200,000 qualifying vehicles. And that means companies like GM and Tesla can’t offer the loan to prospects now.
That should explain, then, why GM has teamed up with Stellantis, Toyota, and Ford to lobby Congress to try and expand tax credits for prospective EV customers.
Back: Let’s go Campos!
On this day in 1960, Spanish racing driver Adrian Campos was born. Campos drove 21 Grands Prix in Formula 1 but never scored a point. He found better luck as a team manager, Foundation of the Formula 1 team Campos Metawhich would become known as HRT and offer Daniel Ricciardo his first drive in Formula 1.
Neutral: What Are Yyou andp to this wEnd?
It looks like this should be a hit in New York. DDo you have nice plans for the weekend? I would like to go to the beach or swim I think.