A yoke steering wheel looks like the steering wheel in an airplane, instead of the usual round shape. It's used in some modern cars that have special driving features.
Level three and four systems are types of self-driving technology. Level three can drive itself in certain situations, but you might need to take over sometimes. Level four can drive itself completely without needing a human to help in specific areas.
The endangerment ruling is a decision that says certain gases are harmful to people's health and the environment. This decision helped create rules to limit pollution from cars and other things.
Rivian is a company that makes electric vehicles, like trucks and SUVs. They focus on creating eco-friendly cars that run on electricity instead of gasoline.
The Volkswagen Group is a big car company from Germany that makes many different brands of cars, like Volkswagen and Audi. They are one of the largest car makers globally.
Lidar is a technology that helps self-driving cars see their surroundings by using lasers to measure distances. It creates detailed maps that help the car navigate safely.
The Automotive Parts Manufacturing Association is a group in Canada that helps companies that make car parts. They work to support these businesses and improve the automotive industry in the country.
Project Arrow is a project in Canada that shows how the country can make electric cars. It brings together different companies and organizations to work on building these vehicles.
Daimler Truck is a company that makes trucks and was created when Mercedes-Benz decided to focus more on cars. They still own part of this truck company.
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Speaker 1: This is Ontoline Gaily, the show dedicated to enthusiasts of the global automotive industry. China could crack down on one
of the biggest complaints we hear from customers, a lack of knobs and buttons, and it's also going to ban yoke like steering wheels like the one Tesla pioneered. China's
Ministry of Industry and Information Technology proposed new regulations that would require physical controls for things like turn signals, hazard lights, gear selectors, and emergency calling. The move is being considered
due to safety concerns around screen failures and driver distraction, and safety is why China is also going after assisted driving systems and yoke like steering wheels. It wants companies
to provide documented evidence that their level three and four systems can handle daily in high risk scenarios, and China is introducing new rules that essentially makes it impossible for a yoke like steering wheel to meet the standards, which will go into effect next year. In a move that
could have a significant impact on the auto industry for years to come, the Trump administration got rid of the endangerment ruling, which was used as the justification for most of the ev regulation in the US.
Speaker 2: A bit of history here.
Speaker 1: In two thousand and seven, the Supreme Court ruled that greenhouse gases were a pollutant that were covered under the Clean Air Act. In two thousand and nine, the EPA
used that ruling to establish what it called an endangerment finding and began issuing regulations to restrict greenhouse gas emissions. Yesterday,
the Trump administration eliminated that endangerment finding. EPA administrator Lee
Zelden called it quote the single largest act of deregulation in the.
Speaker 2: History of the United States of America.
Speaker 1: Environmental groups and others have promised to challenge the finding in court, but the Trump administration welcomes that because it believes the court's conservative majority will rule in its favor.
Rivian posted its twenty twenty five earnings yesterday. While investors
may not have been all that impressed by the results, they sure liked its guidance, and the company's stock shot up twenty five percent in pre market trading.
Speaker 2: That guidance included.
Speaker 1: A projected fifty percent increase in sales and a smaller EBIT loss for twenty twenty six. But let's look at
how the company performed. In twenty twenty five, it sold
a bit over forty two thousand trucks, SUVs and vans, down almost fifteen percent from twenty twenty four. It brought
in five point three billion dollars in revenue, which was up eight percent, but that was because it took in one point five billion dollars in payments for software and services from the Volkswagen Group. Rivian's revenue from its operations
were down as money brought in from selling regulatory credits fell along with the drop in vehicle sales. It posted
an EBIT loss of two billion dollars and a net loss of three point six billion, which was an improvement from the year before. Weimo is rolling out the sixth
generation of its autonomous driving system, which was designed to integrate into multiple vehicle types. Thanks to new in house algorithms,
it now works in more environments, including rain and snow, and at a bigger scale, as you can see in this video. Compared to a traditional automotive camera on the right,
the Weimo camera offers better resolution, and it does so at a similar cost. The cost of the lidar has
also been reduced and when combined with Waimo's custom design chips and optical designs. It can see at greater distances
with higher dependability. WEIMO is planning big growth this year.
It's expanding commercial services to twenty cities in the US and internationally, and by the end of the year it's aiming to provide more than a million paid rides a week in the US. Currently, it provides four hundred thousand
paid rides a week in the six cities that it operates in.
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Speaker 1: Just over three years ago, we had the president of Canada's APMA, or Automotive Parts Manufacturing Association on Auto Line after.
Speaker 2: Hours to talk about it somewhat secretive.
Speaker 1: Project Arrow, the concept was meant to show that Canada has the entire supply chain necessary to build competitive electric vehicles.
Now three years later, the APMA has developed the next gen versions of its Project Aero series. The Vector and Borealis.
Both were fully designed, engineered and built in Canada, including using AI to form the chassis and three D printing parts of the platform and powertrain. The Vector is a
sporty hatchback with six hundred and fifty horse power, three hundred and forty miles of range, and Level three hands free driving, while the Borealis is a fully autonomous shuttle with Level five capability and nine hundred and thirty miles of range. Over eighty Canadian suppliers and partners came together
to make the prototypes, and while though probably never go into production, they're meant to have the kind of tech you could see on Canadian roads around twenty thirty. Despite
launching just last August, the Myextro S eight hundred is now.
Speaker 2: The best selling luxury sadan in China.
Speaker 1: The my Extro brand is a joint venture between automaker Jac and Chinese tech company Huawei My Extro delivered two thousand, six hundred and twenty five S eight hundreds in January, which was more than the BMW seven.
Speaker 2: Series and the Mercedes my boch.
Speaker 1: S class combined, and they were number two and three on the list. Since its launch in August, my Extro
has delivered just over fourteen thousand S eight hundreds, which is more than Bentley sold worldwide all of last year.
The S eight hundred costs between one hundred and two and one hundred and forty seven thousand dollars and is offered as a pure electric or as an e rev.
Automakers could be getting a bit of relief, Bloomberg reports the White House as indicated to companies that it's looking into lowering terrace on some aluminum and steel products. Last June,
the Trump administration doubled terrace on commodity grade steel and aluminum to fifty percent. Later, it expanded the terrace to
derivative products like cans, knives, forks, and car products. The
terras ended up reducing shipments to the US and raised prices.
It also placed a greater burden on companies to identify the percentage of metals in products they sourced from overseas, but after news of the terrace possibly being lowered was reported, aluminum prices on the London Metal Exchange fell over two percent.
Mercedes Benz gets credit for coming up with the world's first car, the eighteen eighty six patent motor wagon, but did you know it also gets credit for making the first truck, the eighteen ninety six Leafer owns wagon. Trucks
have been part of Mercedes Benz core business for one hundred and thirty years now, but in twenty twenty one, Mercedes spun off its truck group into an independent company called Daimler Truck. Though Mercedes held on to about thirty
five percent of the shares in Daimler, it now wants to sell some of those shares and give the money to shareholders. Mercedes is in a weak financial position right now,
as we reported yesterday, its profits fell almost fifty percent last year. The company currently pays a healthy dividend, yielding
seven and a half percent a year. Maybe the money
from the truck sale will go to dividends, but we won't know for sure until May, when Mercedes will divulge the details.
Speaker 2: Wraps up this week's worth of news.
Speaker 1: Thanks again to all our members whose support makes the show possible, and we'll see you back here again on Monday.
Speaker 5: Auto Line Daily is brought to you by Bridgestone Solutions for your Journey CSP, the composites solution partner Intrepid Control Systems over the year engineering boost your game and thanks to the following YouTube and Patreon members.
Speaker 6: At CSP, we work with OEM engineers across the country on their journeys to lighter, safer, and more eco friendly vehicles.
Learn more at VCSP dot com.
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About this episode
China is set to ban yoke steering wheels and mandate physical buttons for vehicle controls, addressing safety concerns over driver distraction and screen failures. The Trump administration's elimination of the EPA's endangerment finding could reshape US auto regulations. Rivian's stock surged despite a dip in vehicle sales, thanks to optimistic future guidance. Weimo is expanding its autonomous driving capabilities, while Canada's APMA showcases innovative electric vehicle prototypes. The Myextro S800 emerges as a top luxury sedan in China, and Mercedes Benz considers selling shares of its truck division amidst financial challenges.
- China to Ban Yoke Steering Wheels and Mandate Physical Buttons - Trump Administration Eliminates EPA Endangerment Finding in Historic Deregulation - Rivian Stock Surges 25% On 2026 Growth Guidance Despite 2025 Revenue Slump - Waymo Rolls Out 6th-Gen AV Tech Stack Targeting 1 Million Weekly Rides - Canada’s Project Arrow Debuts Next-Gen EV Prototypes - Maextro S800 Outsells Mercedes-Maybach and BMW 7 Series in China - White House Considers Lowering Steel and Aluminum Tariffs to Ease Auto Manufacturing Costs - Mercedes-Benz To Sell Daimler Truck Stake to Boost Finances After 50% Profit Drop
