Billionaire Brexiteer Dyson Sparks Accusations of Hypocrisy after Moving UK Headquarters to Singapore
- British appliance maker Dyson Ltd has announced that it is moving its headquarters from its home country.
- While most of Dyson’s appliances including vacuum cleaners, hand dryers and air purifiers are designed in the UK, they are manufactured in Asia with Singapore being one of the Asian countries that hosts a Dyson factory.
- The appliance maker has indicated that initially only the billionaire founder and two executives will move to Singapore.
- This comes barely three months since Dyson picked the city-state as the location that will help the firm fulfill its electric car ambitions.
- Besides being located in Asia which is one of the fastest growing markets for Dyson, Singapore has also inked free trade agreements with the European Union and the United States.
- Dyson’s relocation announcement coincides with the appliance maker announcing revenue growth of 28% to $5.7 billion.
Apple cuts 200 staff from its Project Titan autonomous car division
- Apple’s secretive efforts to develop a self-driving car — its so-called ‘Project Titan’ — have taken a hard turn in 2019 after it emerged that the iPhone-maker has reassigned 200 employees previously involved in its development.
- CNBC reported that the layoffs had been expected and were seen as an imminent restructuring under Project Titan’s new leadership, long-time Apple veteran Bobs Mansfield and Doug Field, Apple’s former VP of Mac hardware engineering who rejoined from the company in October after a spell with Tesla.
- CEO Tim Cook previously called Apple’s car push “the mother of all AI projects,” indicating that, despite the mystery, it is certainly taking up a huge amount of focus for the company.
- This isn’t the first time Apple has restructured the project.
Apple shrinks autonomous vehicle team by 200 employees
- Apple has dismissed as many as 200 people from Project Titan, its secretive autonomous vehicle project, reports CNBC.
- The New York Times has reported that “hundreds” of employees left the project between 2016 and 2018 as a result of these changes in direction.
- CNBC reports that this latest change is being described internally as a restructuring, thought to be related to the project’s relatively new leadership.
- Last year, Apple hired Tesla’s chief vehicle engineer Doug Field, who is reportedly running Project Titan alongside longtime executive Bob Mansfield.
- However, despite this apparent reduced focus, the amount of self-driving cars Apple is testing on the roads has continued to increase, with the company having more registered test vehicles in California than Google’s autonomous spin-off Waymo as of March 2018.
Apple just dismissed more than 200 employees from Project Titan, its autonomous vehicle group
- Apple dismissed just over 200 employees this week from Project Titan, its stealthy autonomous vehicle group, people familiar with the matter told CNBC.
- Other employees who were impacted by the restructuring of Project Titan are staying at Apple, but moving to different parts of the company.
- Of late, Apple CEO Tim Cook has touted his company's initiatives in health as the key to its future growth.
- "I believe, if you zoom out into the future, and you look back, and you ask the question, "What was Apple's greatest contribution to mankind?" it will be about health," Cook told CNBC's Jim Cramer.
- Meanwhile, Apple executives have remained mum in recent months on the company's car prospects, which appear to have been scaled back from the initial rumored vehicle to a focus on software.
- Fully self-driving cars remain experimental, even for major players in the field such as Waymo, Cruise and Tesla.
We drove a $39,000 Toyota Camry V6 to see why it's the best-selling car in America. Here's what we found.
- The Toyota Camry is the best selling car in America.
- Only full-size pickups like the Ford F-150 and Chevrolet Silverado have been able to consistently beat the Camry in the sales department over the past 30 years.
- Over the years, the Camry has earned a reputation for its inspired engineering, impeccable build quality, and rock-solid reliability.
- The Camry comes off a bit soulless, like a kitchen appliance.
- Read more: We drove a $39,000 Toyota Camry that's loaded with cool features — here are the best ones.
- Toyota introduced an all-new eighth generation Camry in 2018 with fresh sheet metal, interior, and powertrain.
- Last summer, the Japanese auto giant dropped off a top-of-the-line 2018 Toyota Camry XSE V6 sedan for us to check out.
- With options, our Kentucky-built Toyota Camry XSE V6 test car left the showroom at $38,730.
- Simply put, the 2018 Toyota Camry XSE V6 is magnificent.
L.A.'s Measure M Voters Fund Transit, but Don't Use It
- Those basic disconnects at the heart of a landmark sales tax measure are the subject of new research by Michael Manville, an urban planning professor at UCLA’s Luskin School of Public Affairs.
- Voters who reported wishing to drive less were no more likely to vote for the transit tax, and nor were people who thought they lived closer to a station.
- Support for the sales tax measure (which was strongly tied to positive feelings about public transit in general) was also driven by the belief that building trains and buses would help address congestion and emissions, just as the campaign promised.
- And, in a final set of survey questions, Manville found that Measure M proponents weren’t nearly as keen on the types of land-use and structural changes that could actually make driving less appealing in L.A., such as more paid parking, highway tolls, increased housing density, and narrower streets for bus and bike lanes.
The future of voice assistants like Alexa and Siri isn’t just in homes — it’s in cars
- As smart speakers take off in the home, it’s important to note that cars are an even bigger market for voice assistants.
- Some 77 million US adults use voice assistants in their cars at least monthly, compared with 45.7 million using them on smart speakers, according to a new survey from voice tech publication Voicebot.ai.
- Smartphones, with their near universal adoption, are the biggest source of regular voice assistant usage — think Siri on iPhones and Google Assistant on Android phones — with 90.1 million smartphone owners using them at least once a month, according to Voicebot, but car voice tech tends to be stickier.
- That’s compared with 62 percent monthly usage among smartphone voice assistant users.
- Amazon and Google — the two biggest names in voice technology — have taken note, with a spate of recent voice assistant offerings for the car.
Urgent.ly raises $21 million from BMW, Porsche, and Jaguar to grow roadside assistance network
- Over 200,000 drivers have signed up directly, in addition to millions who’ve accessed the Urgent.ly network through integrations with mapping and connected car platforms like Volvo Roadside Plus, Roadside Assistance, Uber, and DriveMode.
- The fresh capital will be used to fuel “world-class customer experiences,” Spanos said, and to position Urgent.ly for growth as it teams up with BMW Group to integrate its service with the latter’s BMW Assist offering.
- Urgent.ly’s been selected as the vendor partner to provide roadside assistance to owners of all four of the automaker’s brands in the U.S.: BMW, BMW Motorrad, Mini, and Rolls-Royce Motor Cars.
- The model’s a bit like Uber in that roadside assistance crews can see and respond to jobs closest to them, while customers can track providers’ progress and see an estimated time to arrival.
Tesla downgrade by RBC means more analysts on Wall Street have 'sell' ratings than 'buy' on stock
- Tesla was downgraded to underperform by RBC Capital, which said that the electric car maker has finally started to give some straight talk to investors about its future growth, but many are still not listening because they are still too enthralled by the company's founder and CEO Elon Musk.
- In the latest round of cost-cutting measures, Tesla said last week that it would cut 7 percent of its workforce and discontinue production of some other models to focus on the Model 3.
- Musk also said that the company likely achieved a "tiny profit" in the fourth quarter.
- With Spak's rating change to underperform (the equivalent of a sell), there are now more analysts on Wall Street that say sell Tesla, than buy it.
- Eight analysts say "buy," seven say "hold" and nine now say "sell," according to TipRanks.com.
Uber Rewards is rolling out. Here's how the perks work
- A lot of users are finding out tonight as Uber rolls out its rider loyalty Rewards program to San Francisco and a slew of other cities.
- The feature calculates how much you’ve spent on Uber and Uber Eats in the last six months awards you perks like no-fee cancellations if you rebook, guaranteed prices between your two favorite spots, and free car upgrades.
- To earn 500 points in six months, you’d need to take about 2 UberPools per week, one Uber X per month and one Uber Eats order per month.
- At 2,500 points you join Uber Platinum, which gets you the Gold benefits plus price protection on a route between two of your favorite places regardless of traffic or surge.
- To earn 2,500 points, you’d need to take UberX 4 times per week and order Uber Eats twice per month.