U.S. tariffs are extra taxes the U.S. government charges when companies bring products from other countries into the U.S., making things more expensive.
The Lucid Gravity is a new electric SUV made by Lucid Motors. It's a bigger car than their first model and is designed for people who want a fancy electric SUV.
These levels show how much a car can drive itself, from simple help like cruise control (level 1) to almost fully driving on its own in some situations (level 4).
OBD2 sensors are devices in cars made since the 1990s that check how the engine and pollution controls are working, helping mechanics find problems and making pollution tests possible.
Collector vehicles are special old cars that people keep because they like them or because they are rare, and sometimes they get special rules for things like insurance or pollution tests.
Classic cars are old cars that people often keep because they like them or they are special. They usually don't drive them a lot, so they don't pollute as much as cars used every day.
The Nissan Pathfinder is a type of SUV that Nissan will sell in two different styles: one that is smoother to drive and one that is better for driving off-road.
A truck platform is like the basic frame and parts that several trucks or SUVs use so companies can make different models without starting from scratch each time.
Airless tires are special tires that don’t need air inside them, so they can’t go flat or get a puncture. They use a different design to keep the ride smooth.
Term
AI
AI means computers that can think and make decisions like people. In cars, it helps the vehicle understand what’s around it and decide what to do.
The Tesla Cybercab is a type of electric truck that Tesla might make, similar to their Cybertruck. It's special because it uses electricity instead of gas and looks very modern. People talk about it because it could change how trucks work in the future.
Bridgestone makes tires, which are the rubber parts your car uses to touch the road. They make tires that help you drive safely, even when it's rainy or wet.
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This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry.
As we reported earlier this week, Aston Martin is struggling financially due to U.S. tariffs
and weak demand in China.
Now the automaker is taking action to stop the bleeding, announcing plans to slash 20
percent of its workforce.
It employs around 3,000 workers, so the cuts would amount to about 600 jobs and result
in annual savings of $54 million, according to Aston.
The company also cut its five-year capital spending plan from 2 million to 1.7 million
pounds by delaying its investment in electric vehicles.
Chairman Lawrence Stroll and his investor group have pumped a lot of money into the
company trying to turn it around.
They initially paid about $240 million to acquire a stake in 2020, and they've invested
more than $810 million since then.
In speaking of job cuts, earlier this week Lucid announced it's cutting 12 percent of
its global workforce, and now the automaker says it expects lower production growth this
year.
Last year, the company nearly doubled production to just under 18,000 units thanks to the ramp
up of its second model, the Gravity.
But Lucid's CEO says he expects the automaker to produce between 25,000 and 27,000 vehicles,
which would be 40 to 50 percent growth compared to 2025.
While that's not bad, it is lower than a previous estimate.
Lucid is planning on launching a third model later this year, but it's not expected to
have a big impact on volume.
That model will first be made in Saudi Arabia and will later enter its plant in Arizona.
While it doesn't need a second plant at the moment, or at least we don't think so, Saudi
Arabia's public investment fund is Lucid's majority owner, so it likely doesn't have
much choice in ramping up operations in the country.
While McKinsey thinks the future of autonomous vehicles is still in flux, it says the technology
is at a turning point, both from a development and business case standpoint.
And UK-based self-driving start-up wave could be a good example of that.
In its latest funding round, the company raised $1.2 billion from investors that included
Mercedes, Microsoft, Nissan, NVIDIA, Stellantis and Uber.
What likely helped lure those companies in is that Wave offers level 1 to level 4 driver
assistance solutions that use AI to sense, make decisions, and then execute without
HD maps.
Its tech was also designed to integrate with any vehicle's existing hardware and software,
so a big benefit is that companies don't have to make big changes to their architectures.
Nissan will be the first to launch vehicles with Wave software and eyes on hands-off system,
a potentially a level 3 system as well.
The latest funding round now brings the start-ups valuation to $8.6 billion.
They call it the Jay Leno Law, though it's officially called Senate Bill 1392.
The famous TV personality and car collector is pushing for legislation in California that
will exempt classic cars from the state's strict emissions regulations.
In California, all cars have to undergo an emissions test every other year, but most
inspection stations there are not equipped to test cars that were built before OBD2 sensors
were mandated, and only 7% of all smog inspections in California involve classic cars.
That's according to MIMA or the Motor Equipment Manufacturers Association.
So the new bill would only exempt collector vehicles.
It requires collector vehicle insurance with proof-at-registration and phases in eligibility
in a controlled way, starting with certain older model years and expanding gradually
over time.
MIMA points out that classic cars aren't driven nearly as often, so the impact on the environment
should be minimal.
Nissan is going to offer two completely different versions of the Pathfinder by the end of the decade.
Automotive News reports that it's going to sell unibody and body-on-frame versions starting
in mid-2029.
The models will have distinct design, capability, performance, ride handling, and pricing.
The unibody version will have more refined ride and handling, while the body-on-frame
Pathfinder will feature a boxy design and have greater off-road capabilities.
The unibody Pathfinder will only be powered by an ICE, while the body-on-frame model will
have both gas engine and hybrid options.
The body-on-frame version will be built at Nissan's Plant in Mississippi, alongside
four other models based on the same truck platform.
The current unibody Pathfinder is made at Nissan's Plant in Tennessee.
Hyundai not only keeps troops in South Korea safe, now it's turning its attention to firefighters.
The HR Sherpa is an electrified six-wheeled unmanned vehicle that a division of the group
called Hyundai Rodham originally made for military applications, like for reconnaissance
and patient transfer.
But, Hyundai also worked with the Korea National Fire Agency and is now upfitting the HR Sherpa
with an infrared camera, a big water cannon, and a spraying system to keep the ground around
the vehicle's airless tires nice and cool.
Thanks to LiDAR cameras and AI, the vehicle can go places firefighters can't either
on its own or via remote operation.
Hyundai says there's already two models in operation and two more are on the way.
Ever since Tesla came up with the name Autopilot, safety advocates have criticized it as misleading.
While the system is quite impressive, it definitely can't drive itself in all situations.
Last month, the California Department of Motor Vehicles forced Tesla to drop the name, threatening
to revoke the automaker's license to sell cars in the state.
So, Tesla now refers to the system as traffic-aware cruise control.
Sounds to us like the name a legal department would come up with, and no doubt the marketing
team cringes every time it hears it.
But, now that it has changed the name, Tesla filed a lawsuit against the California DMV,
trying to overturn the ruling that it engaged in false advertising with the Autopilot and
FSD names.
And speaking of brand names, Tesla has another headache on its hands.
A French beverage company called Unibev trademarked the CyberCab name back in October 2024, which
was two weeks after Tesla unveiled the CyberCab.
But here's the problem.
For some reason, Tesla never trademarked the name.
Now Tesla is appealing to the U.S. Patent and Trademark Office to get the name back.
Tesla says it's a clear case of trademark squatting, where someone trademarks a name
with no intention of ever using it, only wanting to sell it.
We think Tesla has a pretty good case, and will end up winning this.
But, this is also a big lesson for everyone in the industry.
Don't go around throwing a name unless you know for sure you already have the rights
to use it.
All of you who work on your cars are probably familiar with brand names like Napa and Genuine,
and for those of you down under, the Repco brand.
While the parent company of those brands, the Genuine Parts company, is splitting into
two.
The company, which does $24 billion in annual revenue, and has been around since 1928, is
under pressure from an activist investor group, Elliott Investment Management, to make
the split.
One company, involving all those brands you're familiar with, will be called Global Automotive.
The other part, which handles parts and repairs for industrial equipment, will be called Global
Industrial, though it will operate under the brand name Motion.
When investors got wind last month that the split was coming, they bid up the share price
by 22 percent.
But, after the company officially announced what it's doing, the price dropped right back
down again.
It reminds us of that old Wall Street saying, buy on the rumor, sell on the news.
And that's a wrap for today's show.
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About this episode
Aston Martin plans to cut 20% of its workforce amid financial struggles, while Lucid lowers its production growth forecast despite launching a new model. Nissan reveals a dual Pathfinder strategy with distinct unibody and body-on-frame versions by 2029. UK startup Wave secures $1.2 billion for AI-driven driver assistance tech, partnering with Nissan for hands-off systems. Tesla faces legal battles over its Autopilot name and trademark issues with CyberCab. Additionally, Hyundai develops an unmanned firefighting vehicle, and Genuine Parts Company announces a major corporate split.
- Aston Martin Slashes 20% of Workers Amid Financial Struggles - Lucid Cuts Workforce and Lowers 2026 Production Targets - Wayve Raises $1.2 Billion for Autonomous Tech - “Jay Leno Law” Exempts Classic Cars from Smog Tests - Nissan To Launch Dual Pathfinder Strategy By 2030 - Hyundai Unveils Unmanned Robot for Firefighting - Tesla Sues California Over Autopilot Name Change - Tesla Battles Trademark Squatter Over Cybercab Name - Genuine Parts Company Splitting into Two Public Entities