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Stellantis wants to outfit cars with AI software to drive revenue

MILAN — Carmaker Stellantis announced a strategy Tuesday to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by 2030. CEO Carlos Tavares heralded the move as part of a strategy that would transform the car company into a “sustainable mobility tech company,” with business growth coming from features and services tied to the internet. That includes using voice commands to activate navigation, make payments and order products online. The company is expanding existing partnerships with BMW on partially automated driving, iPhone manufacturer Foxconn on customized cockpits and Waymo to push their autonomous driving work into light commercial vehicle delivery fleets. StellantisÂ’ embrace of artificial intelligence and expansion of software-enabled vehicles is part of a broad transformation in the auto industry, with a race toward more fully electric and hybrid propulsion systems, more autonomous driving features and increased connectivity in automobiles. Ford and General Motors also are banking on dramatically increased revenue from similar online subscription services. But the automakers face immense competition for monthly consumer spending from movie and music streaming services, news outlets, Amazon Prime and others. Stellantis, which was formed from the combination of PSA Peugeot and FCA Fiat Chrysler, said the software would seamlessly integrate into customers' lives, with the capability of live updates providing upgraded services over time. New products will include the possibility to subscribe to automated driving features, purchase usage-based car insurance or even increase the power of the vehicle with a tune-up to add horsepower. As a baseline, Stellantis generates 400 million euros in revenue on software-generated services installed in 12 million vehicles. To meet the targets, Stellantis will expand its software engineering team of 1,000 to 4,500 in North America, Asia and Europe. More than 1,000 of the expanded team will be retrained in house. Stellantis also announced a new partnership with Foxconn to develop semiconductors to cover 80% of the companyÂ’s needs and simplify the supply chain. The first microchips from the partnership are targeted to be installed in vehicles in 2024.

How to polish car paint | Autoblog Details

Here's how to quickly and properly polish your car's paint to increase the depth and shine of your clear coat with a dual action polisher. Watch all our Autoblog Details videos for more quick car care tips from professional detailer Larry Kosilla. Show full video transcript text [00:00:00] Polishing paint properly is not only a skill, but it's what I consider an art especially on this 1964 Ferrari GTE. And like any art form, it takes years of practice to perfect. Today we're gonna discuss how to quickly and safely polish or paint to increase the depth and shine of your clear coat with dual action polishers. Coming up on this episode of Details. My name is Larry Kosilla and I'm a professional detailer. Together with Autoblog, we're creating [00:00:30] the ultimate collection of quick car care videos. This is Autoblog Details. Here are the items you'll need for this task. If your car has clear coat, and in most cases, any car manufactured after the mid 1980s, or repainted like this one here, will come standard with clear coat, and you'll need to use a machine. Polishing clear coat by hand is not recommended due to the hardness of the paint. [00:01:00] Polishing paint is typically done for two main purposes. First is to remove any remaining swirls left over from a previous compounding step, or to simply increase the gloss of the paint that has no scratches that lacks a deep rich shine like this one here. First, attach a foam polishing pad to a machine. In this case, I'm using a Meguiars foam yellow pad on a Rupes LHR 21ES polisher. Spread your polish of choice around the pad, covering all pores evenly by massaging the product in [00:01:30] by hand and of course, wearing gloves. Make sure to add a bit more in some areas that remain uncoated. Now that the pad is primed, add three small dots of polish and place the pad directly on the paint prior to engaging the machine. Speed settings will vary by machine and the type of pad used but a setting of three to four is a good place to start. Take note on small orbit polishing machines if the polishing pad is not rotating, little to no polishing work is being done to the paint. Adjustments to speed, pressure, [00:02:00] and machine angle may be needed. Apply light to medium pressure to the machine so that the foam pad compresses slightly. Arm speed is moderate to slow. But keep in mind, the slower your arm speed, the more work is being done to the paint.

Ferrari IPO could come any day now

According to Bloomberg, Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come any day now. "We are days away from filing the prospectus," said Marchionne, who declined to confirm whether rumors of involvement from UBS Group AG, JPMorgan Chase & Co and Goldman Sachs Group were accurate. In addition to an expected filing in New York, Marchionne hinted that a secondary filing could take place in Milan, Italy. Although the FCA Chief Executive didn't offer any expected sum for Ferrari, he had previously suggested that an IPO for the iconic Italian brand could be worth $1 billion, ringing the registers to the tune of 10 percent of the company's $11 billion valuation. According to Bloomberg, that potential sum is significantly higher than its own internal figures indicate after taking a poll of analysts who we assume must know a heck of a lot more about such things than we do. Considering how close we apparently are to the actual filing, though, we probably won't have to wait long to find out. Another hot topic any time Sergio is the subject of reporter questioning is a potential merger with General Motors or another large, full-line automaker. It seems there aren't any new revelations to reveal on the consolidation front, though Marchionne told reporters there were no plans to mount a hostile takeover of GM or any "other, less optimal" partners. Related Video: News Source: BloombergImage Credit: STR/AFP/Getty Earnings/Financials Chrysler Ferrari Fiat Sergio Marchionne FCA