New Tesla Model 3 Pre-Orders a Sell-Out Smash
Pre-orders for the all-new Tesla 3 sedan have exceeded 275,000 units according to the company. Despite not being available for 18 months and requiring a $1,000 deposit per car, Tesla has guaranteed a year’s worth of production in advance of the Model 3 product launch. Although the base sticker price for the Model 3 is approximately $35,000, the company also reports that with options, the average MSRP of the pre-ordered cars is closer to $42,000.
The Tesla Model 3 sedan is being touted as the young automaker’s most affordable offering to date – with a range of 210 miles and a zero-to-sixty time of just over 6 seconds.
French Automaker Eyes US Market
After a two decade absence, French automaker Peugeot Citroen is eying a return to the American marketplace. Recently brought back from the brink of disaster by its current CEO, the automaker’s six year plan is part of a global push to reduce its overreliance on European markets. While a timetable for its reintroduction to the American marketplace has not been announced, the new strategy targets self-driving and electric cars as well as investments in ride-sharing start ups.
Sophisticated Engines Lead to Increased Premium Gasoline Usage
According to the US Energy Information Administration (EIA), the share of premium gasoline as a percentage of total motor gasoline sales in the United States has steadily increased to 11.3 percent in the August/September 2015 period. This is the highest share of the marketplace since September 2004. While the EIA readily acknowledges that lower overall gasoline prices may be also supporting the demand for the higher-octane fuel, the upward trend is more likely driven by changes in fuel requirements for light-duty vehicles in response to increasing fuel economy standards. The EIA also believes that the rising fuel economy standards (to a fleet average of 54.5 mpg by the 2025 model year) will have widespread implications for future gasoline markets.
Front Crash Prevention standard proposed for large trucks
According to the Insurance Institute for Highway Safety (IIHS), large trucks could get a major safety upgrade. The National Highway Traffic Safety Administration (NHTSA) granted a petition for rulemaking in October 2015 calling for forward collision warning and automatic braking capability on trucks with a gross vehicle weight rating (GVWR) of 10,000 pounds or more. Front crash prevention systems use cameras, radar, or other sensors to monitor a truck’s path and alert the driver of a potential collision with a vehicle or object. The IIHS estimates that forward collision warning/ mitigation could affect upto 37 percent of large truck front-to-rear crashes if all large trucks had the technology. A number of trucking industry organizations favor the proposed rule. Currently only the European Union requires forward collision warning and automatic braking on most new heavy vehicles.
Yamaha advances push into self-driving motorbikes
You knew it was only a matter of time. First, it was the wave of driverless car development. Next came semi-autonomous 18-wheelers concepts. Now a motorcycle manufacturer is in the beginning phases of developing self-driving motorbikes. The chief executive of the world’s second largest motorcycle maker believes that commercially produced self-driving motorcycles are at least ten years away. The company is starting with investments of upto $20 million in Silicon Valley where it set up a venture last summer to hunt for technologies in autonomous vehicles, robots and drones.