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Remote AV Testing Made Possible By $5.1 Million Investment In Univ. Of Michigan Site

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As an autnomous car weaves its way around a test track, navigating a roundabout, avoiding other vehicles and a simulated child, researchers in remote locations are monitoring the test scenarios they created using virtual reality and other technologies.

That demonstration Monday at Mcity, on the University of Michigan campus in Ann Arbor, Mich., was made possible by a $5.1 million investment by the National Science Foundation (NSF) in the world’s first purpose-built test facility for connected and autonomous vehicles to create Mcity 2.0.

Robert Stone, Division Director, Civil, Mechanical and Manufacturing Innovation Division, National … [+] Science Foundation at an event October 24, 2022 marking the NSF’s $5.1 million investment in the University of Michigan’s Mcity autonomous vehicle testing facility, Ann Arbor, Mich.

“This investment will support the world’s first cloud-based augmented reality test bed for connected and automated vehicle technologies and this test bed will be avaialble for use by academic researchers and students nationwide,” said Robert Stone, Division Director, Civil, Mechanical and Manufacturing Innovation Division at the National Science Foundation during a ceremony at Mcity. “The new facility will accelerate the collaborative development of new vehicle technologies involving communication, sensing control, human dimensions. It will also provide easier and broader access to top tier research infrastructure through the cloud.”

“This is particularly important for minority institutions who do not have the resources of top tier institutions,” said Henry Liu, professor of civil and environmental engineering at the University of Michgian and director of both Mcity and the Center for Connnected and Automated Transportation.

Basically, the new capabilities provided by the NSF’s funding allows researchers across the U.S. to create simulated scenarios to test connected and autonomous vehicles on an physical track using virtual reality software, accessing the results remotely via the cloud.

“There are three major needs often difficult to fill in an academic setting—access to real world data, computer simulation, access to a test facility where you can put a lot of that theoretical into practice. Mcity 2.0 aims to fill some of that void,” pointed out Greg McGuire, Mcity Managing Director.

The NSF’s investment in Mcity to greatly boost testing capabilities for autonomous vehicles comes as the auto industry and government pivots its focus, and money, away from AVs in favor of battery electric vehicles in major push to reduce dependence on fossil fuels.

But speaking during the Mcity event, State of Michigan Chief Mobility Officer Trevor Pawl offered perspective and confidence the tide is turning toward greater investment to develop self-driving vehicles.

“There’s been a lot of headlines lately about lulls in AV technology spending. You hear about tech companies selling off their driverless car units—it’s too expensive, that the machines can’t learn fast enough,” said Pawl. “The truth is in the last year $12 billion invested in AV companies, $100 billion in the last decade. A lot of that money is still flowing through the system. Why do I tell you all that? Well, there was also a lull in EV technology a few years ago and now …just in the last week Michigan has seen $4.5 billion in investment and 4,500 jobs in two companies.”

Henry Liu, Director, Mcity on October 24, 2022, during event marking a $5.1 million investment in … [+] Mcity by the National Science Foundation. Mcity is a unique purpose-built facility for testing connected and autonomous vehicles on the University of Michigan campus.

Mcity director Henry Liu emphasizes there’s a real need to accelerate research that will lead to broader use of driverless vehicles because, “the true benefits of these techologies, largely because of safety performance is the safety performance of automated vehicles is below human drivers.”

Improving the performance of autonomous vehicles is vital on two fronts, said Michigan U.S. Rep. Debbie Dingell.

Autonomous vehicles are the future of the auto industry and they represent an opportunity to improve and diversify our economy,” said Dingell at the Mcity event. “Connected and autonomous vehicles, for the first time, give us the chance to eliminate up to 80% of the crashes.”

Summing it up, Univ. of Michigan engineering Dean Alec Gallimore predicted the ability for a much broader range of researchers to run their AV testing using Mcity 2.0’s newly funded abilities “will bring to bear a dramatically more diverse set of perspectives, experiences and of course, ideas. A safer, more sustainable more equitable transportation system.”

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Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

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NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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