Subscribe free to our newsletters via your
. 24/7 Space News .


Subscribe free to our newsletters via your




















CAR TECH
Germany, France plan cross-border self-driving test zone
by Staff Writers
Frankfurt Am Main (AFP) Feb 8, 2017


Volvo Cars posts strong earnings on record sales
Stockholm (AFP) Feb 8, 2017 - Swedish carmaker Volvo Cars, owned by Chinese group Geely, said Wednesday it posted a healthy profit rise in 2016, boosted by record sales and stronger finances.

Net profit soared by 90 percent to 5.94 billion kronor (633 million euros, $628 million), while sales climbed by 10 percent to 164.04 billion kronor, Volvo said in a statement.

The brand sold more than 534,000 cars in 2016, six percent more than its 2015 record. "I foresee that 2017 will also be a record year in terms of sales," said chief executive Hakan Samuelsson.

Volvo has made a remarkable comeback since 2010, when the loss-making carmaker was taken over by Chinese group Geely.

In December, it succeeded in raising 5.0 billion kronor (529 million euros, $564 million) by selling preferential shares to three prudent Swedish investors: public pension funds AMF and AP1, and insurance group Folksam.

On Tuesday, Swedish media revealed the company plans to hire up to 800 people at its plant in Gothenburg, Sweden's second city. The company is also expected to begin manufacturing cars in the US in 2018, where it is building a factory near Charleston, South Carolina.

The carmaker is also leading the drive to develop self-driving cars. In January, it provided test cars to a number of families in Gothenburg, and it is expected to continue the test in London later this year.

European neighbours Germany and France plan to test self-driving vehicles on a stretch of road linking the two countries, the transport ministry in Berlin said Wednesday.

The route -- aimed at testing "automated and connected driving in real cross-border traffic" -- will stretch around 70 kilometres (43 miles), from Merzig in Germany's western Saarland state to Metz in eastern France.

"Manufacturers will be able to test the connectivity of their systems, for example when lanes or speed limits change at the border," German Transport Minister Alexander Dobrindt said in a statement following a meeting with French counterpart Alain Vidalies.

"We want to set worldwide standards for this key technology through cooperation between Europe's two biggest car-producing countries," he added.

The route will allow testing of 5G wireless communications between cars and infrastructure, automated manoeuvres such as overtaking and braking, and emergency warning and call systems, among others.

Germany, home to car giants such as Volkswagen, Daimler and BMW, already boasts a number of test zones for automated vehicles on motorways and in cities, but this is the first that will cross into another country.

The transport ministry has offered 100 million euros in funding for the projects.

The tests come as the nation's traditional carmakers are racing to catch up to Silicon Valley newcomers such as Tesla, Uber and Google parent company Alphabet in the new field, seen as the future of driving.

Automated trucks in particular are expected to shake up the road transport sector in the years to come.

In a glimpse of what lies ahead, manufacturers took part in an experiment last year that saw six convoys of "smart" trucks cross several European countries using "platooning" -- in which a leading truck sets the route and speed for wirelessly-connected, self-driving followers.

tgb/mfp/rl

GOOGLE

TESLA MOTORS

DAIMLER

VOLKSWAGEN


Comment on this article using your Disqus, Facebook, Google or Twitter login.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links
Car Technology at SpaceMart.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
CAR TECH
Luxembourg prosecutes unknown person in VW scandal
Luxembourg (AFP) Feb 7, 2017
Luxembourg has filed a criminal case against an unknown person in an unusual step related to the Volkswagen "dieselgate" emissions cheating scandal. The duchy insisted that it was the victim of the row, despite having itself been one of seven countries sued by the European Union for failing to crack down on auto pollution. "Luxembourg declares itself a victim of criminal and negligent ac ... read more


CAR TECH
Full Braking at Alpha Centauri

New Era of Space Travel: Private Station May Replace ISS by Late 2020

Progress MS-03 cargo spacecraft to reenter January 31

Scientists and students tackle omics at NASA workshop

CAR TECH
ISRO tests C25 Cryogenic Upper Stage of GSLV MkIII

Russia to call tender for 2nd Phase of Vostochny Spaceport construction in Fall

NASA sounding rocket launches into Alaskan night

Russia to check space flight engines over faulty parts

CAR TECH
Similar-Looking Ridges on Mars Have Diverse Origins

Commercial Crew's Role in Path to Mars

Meteorite reveals 2 billion years of volcanic activity on Mars

Bursts of methane may have warmed early Mars

CAR TECH
China looks to Mars, Jupiter exploration

China's first cargo spacecraft to leave factory

China launches commercial rocket mission Kuaizhou-1A

China Space Plan to Develop "Strength and Size"

CAR TECH
Space, Ukrainian-style: Through Crisis to Revival

ESA Planetary Science Archive gets a new look

Iridium-1 NEXT Launched on a Falcon 9

Shaping the Future: Aerospace Works to Ensure an Informed Space Policy

CAR TECH
New material that contracts when heated holds great industrial potential

Flipping the switch on ammonia production

Understanding breakups

Aavid Thermacore Europe's technology will keep solar satellite cool

CAR TECH
Dedicated Planet Imager Opens Its Eyes to Other Worlds

New planet imager delivers first science at Keck

First footage of a living stylodactylid shrimp filter-feeding at depth of 4826m

SF State astronomer searches for signs of life on Wolf 1061 exoplanet

CAR TECH
Public to Choose Jupiter Picture Sites for NASA Juno

Experiment resolves mystery about wind flows on Jupiter

Pluto Global Color Map

Lowell Observatory to renovate Pluto discovery telescope




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News








The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement