GM CEO Mary Barra predicts autonomous vehicles will reach showrooms by 2030, with GM Cruise targeting $50 billion in revenue. The National Highway Traffic Safety Administration aims to enhance automatic emergency braking, requiring better tech like thermal cameras. Tesla’s Model 3 price drops to around $32,000 in the US, now qualifying for full federal tax credits due to US-made batteries. Volkswagen unveils the electric ID Buzz with up to 435 miles of range, but it will be built only in Germany. Lexus introduces the small LBX crossover with hybrid tech, targeting Europe and Japan. GM expands battery material production to secure EV supply chains.
Topics:autonomous vehiclesautomatic emergency brakingtesla model 3 pricingelectric volkswagen id buzzlexus lbx crossoverev battery supplygm cruisefederal tax creditsbattery production in europeautomotive leadership changes
- GM AVs Coming to Showrooms - NHTSA Wants AEB Mandate - Tesla Growth Slows in China - Tesla Model 3 Now Only $32,000 - VW ID.Buzz Makes U.S. Debut - France Wants Its Own IRA - Lexus Baby LBX Debuts - GM Lines Up More Battery Raw Materials - Meet Jeep’s New Design Chiefs
"...eks back for a quick refresher. It's based on the Toyota Yaris cross and will slot below the UX. Styling wise, I..."
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This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry.
Lots of people in the industry say that autonomous vehicles are a long way off, but GM CEO Mary Barra is not one of them. Not only
does she see giant growth opportunity for avs, but she predicts they'll be in showrooms by the end of this decade. The company expects to generate fifty billion
dollars a year in revenue from GM Cruise eventually, and it has plans to expand in Japan and Dubai. As we reported last week, the National Highway
Traffic Safety Administration wants to mandate AEB or automatic emergency breaking. While many vehicles
already have the tech, NITZA wants better performance. For example, it wants
AEB to work at much higher speeds and at night, but that most likely means that AEB systems are going to need improvements like thermal cameras or lidar, especially to avoid pedestrians when it's dark outside. NITZA is collecting input from automakers
and others before issuing a final ruling. In addition to avoiding twenty four thousand
injuries, a year. Nitza says this technology could avoid three hundred and sixty
fatalities. The top selling EV company in China last month was byd It sold
one hundred and ten thousand b evs for the month, followed by Gacaion, which sold forty five thousand b evs. Tesla came in third place with an
estimated forty three thousand cars. Tesla actually delivered seventy seven thousand, six hundred
and ninety five made in China Model wise in threes, which was up two point four percent from the month before. While the company did not divulge domestic
sales or exports, Analyst and China believe the other roughly thirty three thousand units were exported. Tesla has a refreshed version of the Model three that should be
out later this year under a program codenamed Highland, which should help increase its sales growth. Meanwhile, in the US, the Model three just got much
more affordable. The cheapest version now qualifies for the full seventy five hundred dollars
US federal tax credit. That means it costs just over thirty two thousand dollars,
and with state incentives, the price can even drop below thirty grand.
The full credit also applies to Model threes currently in inventory. Previously, the
cheaper version of the three only qualified for half of the credits because the batteries were made in China. So this suggests that Tesla is now using cells made
in the US for this model. God Schiffler Pioneer Motion Electrifying Mobility, Manufacturing
Smart, reducing CO two emissions, making energy production clean. Scheffler Pioneer's Motion
to advance how the World moves. Hey America, the VW bus is coming
back. It revealed the all electric ID Buzz that will go on sale in
the US and Canada next year. The model is based on the long wheelbase
version of the MB platform, which means it gets a bigger battery pack and it also gets the same in house developed electric motor that's going into the ID seven sedan. The battery has eighty six kilowatt hours of usable space and the
same path back in the eighty seven provides an estimated four hundred and thirty five miles or seven hundred kilometers of range on the WLTP cycle. The motor sends
up to two hundred and ten kilowatts or two hundred and eighty two horsepower to the rear wheels, and there will eventually be an all wheel drive version that makes three hundred and thirty horse power. The interior features seating for six or
seven passengers with a third row, and I think the real story here is the functionality. Both the second and third rows can slide forward and back about
eight inches and have folding seat backs, and the third row can be removed completely as well. While initial report said Volkswagen would build the idy Buzz in
the US, the company confirmed to Auto Line that it will only be built in Hanover, Germany, and for it to be considered to be built in the US, it would take sales of one hundred thousand plus units in VW just doesn't think it's there yet. For that reason, VW also confirmed it
won't be bringing the commercial version of the Buzz to the US because it would get hit with a twenty five percent import tariff, the so called Chicken tax.
Europe complained about the Inflation Reduction Act being unfair, but some countries in the EU are now trying to do their own ira Wruters reports that France is aggressively pursuing battery companies by offering big incentives. French President Emmanuel McCrone helped lure
four gigafactories to the country, and government officials are also trying to get by D and Tesla to build battery plants there too. France is trying to catch
up to other European countries in battery production. It has one hundred and sixty
nine gigawatt hours of existing or planned capacity, but that's well behind Germany at five hundred and forty five gigawatt hours, and even less than Hungry, which has two hundred and fifteen gigawatt hours. Lexus revealed that new small cross over
the LBX. It teased a few weeks back for a quick refresher. It's
based on the Toyota Yaris cross and will slot below the UX. Styling wise,
I think this is like a Baby RX. Narrow headlamps, large air
curtains down low on the facia. The grilled designs are similar, and so
are the thin rear tail lights that stretch from one tail lamp to the other.
The interior is highlighted by dual digital screens, and we like how the twelve point four inch center screen is mounted down low, so it seems like the LBX should have good forward visibility. Lexus didn't detail the powertrain set up,
but says it will have quote an enhanced hybrid system using the latest electrification technology. For reference, the Yaris Cross Hybrid has a one and a half
liter three cylinder engine and a total system output of about one hundred and fourteen horsepower. But we should know more soon. Lexus says the LBX will be
introduced to Europe, Japan and other select markets in the fourth quarter of this year. Automakers learn the hard way that they need to directly buy raw materials
for EV batteries themselves instead of relying on suppliers. That way, they can
lock in a reliable supply. So GM is expanding a joint venture with chemical
company Pascoe Future m to increase production of cathode active material and what's called precursor cathode active material in North America. The total investment in the project is expected
to exceed a billion dollars. GM and Pasco will produce enough material for three
hundred and sixty thousand evs annually, and the companies will announce where it will be produced at a later date. The guy that's pretty much been the face
of Jeep Design for the last ten plus years is retiring and it's taking two people to replace them. Mark Allen, the had A Jeep Design, is
stepping down after more than thirty years with the company, so Jeep is promoting Vince Galante, the VP of Exterior Design and Ryan Nagodi, the VP of Interior Design, both of whom have been with the company since the early two thousands. Stilantis also appointed Leandro Pinto as VP of Global User Experience system.
That brings us to the end of today's show. We'd hope to see you
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