Smartcar.com CEO Sahas Katta and John Tough, Energize Ventures Managing Partner, join Yahoo Finance to discuss the funding raised towards automotive climate technology, incentives for people to invest in this, and strategies for growth in expanding EV and renewable energy markets.
Two nonprofit bodies, Consumer Reports and the Insurance Institute for Highway Safety (IIHS), said separately on Thursday they are reviewing safeguards put in place by automakers for vehicles with partial automation. The announcements come amid scrutiny of Tesla's driver assistance system Autopilot, which handles some driving tasks and allows drivers to keep their hands off the wheel at times. The National Highway Traffic Safety Administration (NHTSA) in August opened a formal safety probe into Autopilot in 765,000 U.S. Tesla vehicles after a series of crashes involving Tesla models and emergency vehicles.
Luxury carmaker Mercedes-Benz will partner with self-driving sensor maker Luminar Technologies Inc to enable fully automated driving on highways for its next-generation vehicles, Luminar's founder said. Luminar shares surged 18% at $15.89 on Thursday. Luminar said Mercedes-Benz will have 1.5 million shares in Luminar, which will vest over time when certain milestones are met.