Delphi plans coast-to-coast demo of its self-driving car

14 Mar 2015 | Author: | No comments yet »

Autonomous car prepares for 3,500-mile US road trip.

An autonomous car developed by Michigan-based auto supplier Delphi Automotive will soon be making a 3,500-mile journey across the U.S. Las Vegas, NV – March 13, 2015 – (Techsonian) – EquityObserver.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers. A team of Delphi engineers will leave California in an Audi SQ5 loaded with special cameras, radar and software on March 22 hoping to arrive in New York City during the first week of the New York International Auto Show. They now have a $92.00 price target on the stock, up previously from $90.00. 2/20/2015 – Delphi Automotive PLC had its price target raised by analysts at JPMorgan Chase & Co. from $88.00 to $93.00. Companies both inside and outside the auto industry are experimenting with technologies that take more and more responsibilities aware from the driver — right up to the act of actually driving the car.

While much of the technology necessary for semi-autonomous cars — such as lane departure systems and adaptive cruise control — already exists, Owens contends it will take 20 years or more before fully-autonomous cars are sold to the general public. “A lot of things need to be solved to get to autonomous driving,” Owens said. “We don’t have the regulatory environment (necessary) anywhere in the world and we don’t have the legal framework.” But Owens said Delphi isn’t worried about how long it will take for fully autonomous cars to go mainstream because automakers are already moving full-speed ahead with the development and deployment of technology. Delphi plans to show off one of several versions of the car — an Audi Q5 crossover outfitted with laser sensors, radar and multiple cameras — on Saturday at the South by Southwest festival in Austin, Texas. It has the ability to instantaneously make complex decisions, like stopping and proceeding at a four-way stop, timing a highway merge or calculating the safest maneuver around a bicyclist on a city street.

The autonomous Audi warmed up for its long journey by racking up lots of miles tooling around Delphi’s Silicon Valley office and taking a drive from San Francisco to Los Angeles. Delphi showed off the car at the Consumer Electronics Show in Las Vegas in January where, during a demonstration, the car braked by itself — just like it was supposed to — when two inebriated men fell into the street in front of it.

Dollar General Corp. (NYSE:DG) reported recently that David Tehle, executive vice president and chief financial officer, will retire from Dollar General effective July 1, 2015. “David has served as our CFO for nearly 11 years as Dollar General’s annual revenue grew from $7.7 billion to $18.9 billion and our store count grew 61%. Mercedes-Benz revealed a sleek sedan called the F 015 Luxury in Motion concept car earlier this year and is testing it in California while Google has made waves with its cute, bubble-like car. During his tenure, David played a key role in Dollar General’s going private transaction in 2007 and our return to the public equity markets in 2009.

Anyone who looks at driverless cars developed by Google, Honda and others, immediately notices the circular, spinning sensor on top, scanning the surrounding area with lasers, a technology known as lidar. Delphi Automotive saw a 19.6% rise in adjusted earnings to $1.16 per share in the third quarter of 2014 from $0.97 per share in the prior-year quarter.

The software that interprets the data drawn from those systems and the algorithms that help the car make driving decisions were developed jointly by Delphi and Ottomatika – a company started by Carnegie Mellon University. Boston Scientific Corporation (NYSE:BSX) increased 1.87% to close at $16.89 in the last trading session and its total traded volume was 9.20 million shares versus average volume of 13.89 million.

SunTrust Banks, Inc. (NYSE:STI) broadcasted that the Federal Reserve has completed its review of the Company’s capital plan submitted in connection with the 2015 Comprehensive Capital Analysis and Review (“CCAR”) and has no objections to the planned capital actions. The company is one of the nation’s biggest banking organizations, serving a broad range of consumer, commercial, corporate, and institutional clients.

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