It's a lot, and it all comes against the backdrop of President Trump's trade wars, tariffs, and the expiring EV tax credit here in the United States, all of which have really upended the car business. Just last week, the day before I talked to Mary and Sterling, GM took a $1.6 billion writedown on its EV business against falling demand.
GM announced that "eyes-off" highway driving is coming to its electric Cadillac Escalade SUV in 2028. The company is also integrating Google Gemini and conversational AI into its vehicles next year. GM said its eyes-off technology will allow drivers to read or respond to texts, and relies on LiDAR technology.
I was driving on Main Street in Dallastown, PA, and the route was about to take me left onto Pleasant Avenue. It is a tight and usually very congested intersection; Main Street is a popular route for many construction vehicles and even some tractor-trailers. It is a pretty tight intersection for full-size trucks and larger passenger vehicles. It is not super tight for my Model Y, but it gets to feel congested at times, including with what happened yesterday.
The company closed 2024 with a turnover of USD 962 million, with 64% of revenues coming from exports, confirming its role as both a leading Turkish bus manufacturer - a position it has held for 16 consecutive years - and an increasingly significant player in Europe. More than 68,000 Otokar buses are now in operation in over 60 countries, with Spain, France, and Italy representing its largest European markets.
Honda Motor Co. has signed a multi-year agreement to work with a US AI startup in which it has an equity stake to develop self driving capabilities, tapping into Silicon Valley know-how for next generation automated technologies. The Japanese carmaker and Redwood City-based Helm.ai Inc. will collaborate on producing advanced driver assistance systems for Honda's mass market vehicles by 2027, the two said Wednesday in a statement.
The first part of our electrification program led us to deploy some 230 e-buses in three depots which are partially electrified. We are planning to build two new depots fully electrified from the very beginning.