Jaguar Land Rover unveiled a new design concept this week that it says will guide the venerable German carmaker into the age of autonomous, electric vehicles.
"We've created a new concept car which can deliver mobility for individuals but also for public services," CEO Ralf Speth told Cheddar.
What Jaguar calls Project Vector is not a new car model but rather a multi-use design that could serve as the bones for future electric vehicles with a variety of personal and commercial uses.
At the heart of the project is bold speculation on the part of Jaguar — which has spent much of its history manufacturing personal sports cars and SUVs — that a mix of private and shared vehicles and on-demand services will dominate urban travel in the future.
Project Vector is the opening gambit for Jaguar as it prepares for that reality, Speth said.
The vehicle is about 13 feet long, with its battery and drivetrain components built into a flat floor. The open format allows for both private and shared uses, including commercial applications, such as the crucial last mile of delivery in congested urban areas.
Jaguar's first electric vehicle, I-PACE, was released in 2018 and has informed the designs for Project Vector. The company used a number of its existing patents.
Another hedge against the future is making the vehicle "autonomy-ready," which means Project Vector is designed to incorporate new driverless technology as it emerges.
To prepare the public for the possibility of shared driverless cars, Jaguar is working with local officials to test a public mobility service on the streets of Coventry, England in 2021.
This "living laboratory" will serve as a test case on how digital infrastructure in the world can work with autonomous vehicles.
"The megatrends of urbanisation and digitalisation make connected urban mobility systems necessary and inevitable," said Project Director Dr. Tim Leverton in a statement. "Shared and private vehicles will share spaces with and be connected to public transit networks, so you can travel on demand and autonomously. That is a complex task, best achieved by working together with partners across the spectrum of vehicles, infrastructure and the digital world."
Project Vector serves a broader corporate mission for Jaguar as well. The company's Destination Zero initiative aims to achieve zero emissions, zero accidents, and zero congestion through Jaguar products, services, and facilities. Remaining open to new technology is key to that, Speth said.
"If you calculate the energy efficiency, then the electric drive is the mobility of the future, but it's also quite clear that mobility demand can't be funneled down to one technical solution," he added.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
Eric Trump joins us to discuss American Bitcoin’s mission, market strategy, and why he believes the U.S. must lead the next era of digital currency innovation.