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Jaguar Land Rover planning to allow owners to earn cryptocurrency

Jaguar Land Rover, Britain's largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. The company is developing what it calls "smart wallet" technology to be installed in its automobiles. This would reward Jaguar car drivers with IOTA coins for actions such as enabling their vehicles to automatically report useful data, such as traffic congestion or potholes to navigation providers or local authorities. Drivers could also earn rewards if the car participates in a ride-sharing program, Jaguar said. The tokens earned could be used to pay for tolls, parking and charging for electric cars. The overall goal was to "achieve zero emissions, zero accidents, and zero congestion," the company said. Global car companies are exploring blockchain applications, figuring out different ways in which they can leverage the technology to suit their different needs. Blockchain, the system powering cryptocurrencies like bitcoin, is a shared database that is maintained by a network of computers connected to the internet. The British car company is testing the technology at the new Jaguar Land Rover software engineering base in Shannon, Ireland, where engineers have already equipped several vehicles, including the Jaguar F-PACE and Range Rover Velar, with "smart wallet" features, the company said. It does not yet have a timetable for when it will be commercially available, said Jaguar, a subsidiary of Tata Motors. The IOTA token is based on a distributed ledger technology that enables people and machines to transfer money and data without any transaction fees. IOTA trades on digital asset exchanges and was last at 27 U.S. cents per token. "The smart wallet technology ... can be easily adapted into all new vehicles," Dominik Schiener, IOTA co-founder and co-chairman of its board, told Reuters on Friday. "IOTA wants to enable interoperability with all these different players. So there is no Jaguar coin, no BMW coin, but one universal token for this machine economy," he added.

2014 Jaguar XFR-S super sedan is 550-HP worth of cool

The 2014 Jaguar XFR-S was considered last year, teased last week and now has been totally let loose. The most powerful sedan the company has ever made and the newest addition to its line of R-S performance cars - following the XKR-S - and we'll be getting even fewer of them than we thought. 200 had been the rumored allotment for the US, but the official word now is that we'll see just 100.
Each XFR-S will use the same 5.0-liter supercharged V8 that powers the XKR-S, meaning a 40-horsepower and 41-pound-foot bump over the XFR for 550 hp and 502 lb-ft in total. Shifting through the adaptive, eight-speed ZF transmission gets it from standstill to 60 mph in 4.4 seconds, but for all that, it gets the same gas mileage as the XFR, aided by its stop/start system, and so doesn't get hit with a gas guzzler tax.
Other XKR-S bits have made the jump, including an upgraded suspension front and rear, the near-straight pipes for the cracking exhaust note we drank up like ambrosia and twenty-inch, six-spoke lightweight wheels that are an inch wider than on the XFR. Lateral stiffness is up 30 percent, the electronic systems have been recalibrated to handle the extra oomph, throttle response has been sharpened and can be made even sharper by going into Dynamic Mode.

40+ cars that barely avoid the gas guzzler tax

The Gas Guzzler schedule, with mpg ratings and charges that haven't changed since 1991, lays out which fuel-swillers owe what to Uncle Sam.
I started thinking about the "Gas Guzzler Tax" - considerably less well known as The Energy Tax Act of 1978 - when I was driving Dodge's new Challenger SRT Hellcat last week. Unsurprisingly for a car that can burn 1.5 gallons of gas per minute at max tilt, theoretically able to empty a full tank of premium in about 13 minutes, the Hellcat will be subject to the Gas Guzzler Tax schedule when it goes on sale.