Volvo capitalized on a strong fourth quarter and record global vehicle sales to report its best-ever full-year earnings, but the Swedish automaker’s profit margin slid, causing it to warn that its business will remain under pressure this year.
The CES in Las Vegas is arguably the world’s best showcase for new technology, much of which usually never makes it into production. But some of the coolest stuff unveiled at this year’s event could end up becoming a reality in the next few years, such as a flying taxi and a dog-shaped delivery robot.
TomTom is working on systems that will stream mapping updates to autonomous cars but it faces a new competitor in Google. TomTom Automotive boss Antoine Saucier welcomes the competition because he knows that the challenges of providing automotive-grade solutions isn’t easy, as he explained to Automotive News Europe.
Intensifying demand for solutions that will make autonomous vehicles a reality as quickly as possible has led to suppliers such as ZF building their own self-driving cars, putting them in potential conflict with their automaker customers.