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Tesla needs safeguards to prevent drivers from sleeping on 'Autopilot' -U.S. senator

Democratic U.S. Senator Ed Markey asked Tesla Inc on Wednesday to disable its “Autopilot” driver-assistance system until it installs new safeguards to prevent drivers from evading system limits that could let them fall asleep. Markey cited a local news report that said a driver had fallen asleep behind the wheel as a Tesla drove 14 miles on Autopilot. Other unconfirmed videos on social media appear to show drivers sleeping behind the wheel of Tesla vehicles. …read more […]

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Investment in Solar Energy for 2020

I’m fascinated by electricity. From a young age, I have been “messing around” with electronics.
I built my first stereo system from a kit back in 1967. I then designed and built a device that caused colored floodlights to flash with the music.
It was psychedelic, man.
My parents raised their eyebrows a bit. They were initially afraid that I might burn down the house from a short circuit or something.
Fortunately, that never happened. And I went on to have a decades-long career in electrical engineering.
I may be retired now, but I still like messing around with electricity. Especially when it comes to …read more […]

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UPDATE 1-GM sues FCA, alleging bribery, corruption of union bargaining process

General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM. GM said it will seek “substantial damages” from FCA, but did not specify an amount. …read more […]

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GM sues FCA, alleging bribery, corruption of union bargaining process

General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM. GM said it will seek “substantial damages” from FCA, but did not specify an amount. FCA could not immediately be reached for comment. …read more […]

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Exclusive: ECB flags failings in dirty-money screening at Malta's top bank

Malta’s biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing “severe shortcomings” that could have allowed money laundering or other criminal activities. A confidential ECB report seen by Reuters said Bank of Valletta (BoV) had not dealt with a litany of risk management failings despite repeated warnings from the Frankfurt-based regulator stretching back to 2015. The report — adopted by the ECB in the summer after an inspection late last year — calls for remedial measures, including assessing if BoV’s top managers are fit for …read more […]

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Automakers Poised to Lose Airwaves Rights as FCC Drops a Promise

(Bloomberg) — U.S. Federal Communications Commission Chairman Ajit Pai plans to advance a proposal to take back some airwaves long promised to automakers, and instead allow other wireless uses on the frequencies, according to people familiar with the matter.Pai intends to set a Dec. 12 vote by the commission, where he leads a Republican majority, on the proposal to modify the grant of airwaves the agency made 20 years ago, said two people briefed on the plan. They spoke on condition of anonymity because the matter hasn’t been made public.The FCC vote would request comments on letting Wi-Fi gadgets occupy …read more […]

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PSA's small car platforms should be favored in FCA merger: executive

Small car platforms developed by France’s Peugeot should be favored if plans to merge PSA and FiatChrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday. “On smaller segments PSA has the platforms which allowed the group to make the highest margins in Europe among all the automakers, so I find it reasonable that these platforms might be used in the future on some FCA models too,” Thorel said. “On the other hand FCA has got RAM and Jeep, and I find it reasonable that the new group might use those platforms in that segment,” …read more […]