Tesla Model S reliability deemed ‘worse than average’

21 Oct 2015 | Author: | No comments yet »

ARM Sales Beat Estimates as Chip Designs Win Higher Prices.

Posco advanced the most in almost a year on speculation that the worst is over for South Korea’s biggest steelmaker as margins improve in its main business, signaling efforts to boost performance amid increased competition from China are paying off. European stocks retreated for a second day as a decline in Credit Suisse Group AG and Nordea outweighed better-than-estimated quarterly results from companies including ARM Holdings Plc.Indiabulls Real Estate Ltd. won approval to develop as many as 41 apartments and a five-star hotel on Hanover Square in London’s Mayfair district, according to the Westminster Property Association. The latest software update, 7.0 allows Model S to use its unique combination of cameras, radar, ultrasonic sensors and data to automatically steer down the highway, change lanes, and adjust speed in response to traffic. Operating margins at the parent company, excluding affiliates, climbed to 10 percent in the third quarter, the highest in three years, while operating profit was the biggest since 2013, data compiled by Bloomberg showed after Posco reported results on Tuesday.

Shares declined Tuesday after data showing an improvement in euro-area lending conditions damped the prospects for additional monetary stimulus from the European Central Bank. The Stoxx 600 has traded in a 12-point range for the past two weeks, and a gauge tracking the region’s equity swings is on track for its fourth-biggest monthly drop on record. The equity benchmark has still trimmed its decline from an April record to 13 percent as shares rebounded earlier in October from a quarterly selloff triggered by concern over China’s slowdown and Volkswagen AG’s cheating scandal.

Along with the new Autopilot features, the instrument cluster’s new driver-focused design shows the real-time information the car uses to intelligently determine the vehicle’s behavior in that moment relative to its surroundings. The instrument panel provides a visualization of the road as detected by the car’s sensors, giving drivers the information their car is using for features including lane departure, blind spot detection, speed assist, collision warning, adaptive cruise, and autosteer. Among stocks moving on corporate news, Credit Suisse lost 3.4 percent after saying it will raise about 6.05 billion Swiss francs ($6.3 billion) of capital as part of a broad reorganization that will increase its focus on Switzerland and wealth management in Asia. These more powerful chips are found in newer devices that need to process more information, such as Apple Inc.’s iPhone 6 and Samsung Electronics Co.’s S6, and may ultimately end up in half of all smartphones, ARM has said. Shipments of smartphones are expected to grow 10.4 percent this year, down from 27.5 percent in 2014, because of a dramatic slowdown in China, the largest market for the devices, researcher IDC said in August.

Using a variety of measures including steering angle, steering rate and speed to determine the appropriate operation AutoSteer assists the driver on the road, making the driving experience easier. ARM jumped 6.3 percent after the chip designer whose products are used in almost all of the world’s smartphones reported third-quarter revenue that beat analysts’ estimates. That reflected losses on foreign exchange and mining assets, a lawsuit settlement and a deluge of Chinese steel exports that pushed down global prices. Changing lanes when Autosteer is engaged is simple: engage the turn signal and Model S will move itself to the adjacent lane when it’s safe to do so.

Side Collision Warning further enhances Model S’s active safety capabilities by sensing range and alerting drivers to objects, such as cars, that are too close to the side of Model S. Sales soared 27 percent to 83.1 million tons in the first nine months, approaching the 98.1 million tons made in the whole of 2014 by ArcelorMittal, World Steel Association data show.

Licensing sales, which ARM records when a company agrees to develop a product based on its technology and an indicator of future royalties, gained 2 percent to $145.1 million as the company won contracts for sensors to go into the Internet of things, smartphones and servers. About 80 percent of contributors recommend buying the shares. “The company has made continuous efforts to cut costs and improve quality,” Park Jong Kuk, a Seoul-based analyst at KIWOOM Securities Co., said by phone. “Uncertainties have now been removed, sending a positive signal.” Still, that was accompanied by a 14 percent drop in licenses for physical IP, the technology that helps chipmakers implement designs, which partially offset growth in licensing for its processors. ARM’s annual royalty revenue growth rate will stay in the 17 percent range “in the medium term” as its technology for 64-bit phones becomes more widely deployed and as phones overall become more technologically advanced, Kennedy said on a conference call Wednesday.

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