Tag: autonomous (Page 2 of 3)

Ford Posts Fourth-Quarter Loss, Disappointing 2020 Outlook

February 4, 2020 / WIL BALDWIN

DEARBORN, Mich. (Reuters) – Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments in future technology such as self-driving cars.

Shares in the No. 2 U.S. automaker plunged 9.4% in after-hours trading, shaving more than $3 billion off the company’s value. In comparison, electric carmaker Tesla closed up nearly 14%, pushing its market cap to $160 billion, more than four times the size of Ford’s $36.4 billion.

“The results were not OK in 2019,” Ford Chief Financial Officer Tim Stone told reporters at the company’s headquarters outside Detroit.

“As I look to 2020 and beyond, I’m very optimistic,” he said, while cautioning that Ford’s lower guidance does not yet account for the potential impact of the coronavirus outbreak in China.

In an after-hours call with financial analysts, Chief Executive Jim Hackett was more blunt about the challenge of balancing Ford’s protracted turnaround efforts with its continuing work on future technology, including electric and self-driving cars.

“I don’t think this company can keep straddling the old and new worlds forever … This company has to change,” Hackett said.

Ford said it expects 2020 operating earnings to be in the range of 94 cents to $1.20 a share. Analysts were expecting $1.26 a share.

Stone said Ford expects to continue its quarterly dividend of 15 cents, which could cost the company $2.4 billion in 2020. Asked about continuing the dividend after lowering its 2020 guidance, Hackett said, “We like to return value to shareholders.”

The disappointing 2020 forecast, coming after Ford previously trimmed its 2019 outlook, is a blow for Hackett, who took the helm in May 2017.

He has been asking investors to be patient with a restructuring that has seen the formation of a wide-ranging alliance on commercial, electric and autonomous vehicles with Volkswagen AG <VOWG_p.DE> and the sale of its money-losing operations in India to a venture controlled by India’s Mahindra & Mahindra.

But by Ford’s own accounting, the restructuring is far from complete. It has booked $3.7 billion of the projected $11 billion in charges it previously said it would take, and expects to book another $900 million to $1.4 billion this year.

For the fourth quarter of 2019, Ford reported a net loss of $1.7 billion, or 42 cents a share, compared with a loss of $100 million, or 3 cents a share, a year earlier.

The quarter included a loss of $2.2 billion due to higher contributions to its employee pension plans, something it disclosed last month.

Revenue in the quarter fell 5% to $39.7 billion, above the $36.5 billion Wall Street had expected.

Ford’s adjusted free cash flow fell 67% in the fourth quarter to $500 million, including the $600 million cost of bonuses related to a new labor deal with the United Auto Workers union. The UAW deal also played a role in driving North American automotive profit margins down to 2.8% in the fourth quarter.

Ford said its operating losses in China last year totaled $771 million, including a loss of $207 million in the fourth quarter. It lost $1.5 billion in 2018. Ford’s market share in China in the fourth quarter fell to 2% from 2.3% last year.

In December, Ford said it would halve its operating loss in 2019 and nearly halve it again in 2020, followed by further improvement in 2021.

However, that forecast was before the appearance of the fast-spreading coronavirus and its crippling effects on China’s economy.

Ford’s China sales fell about 15% in the fourth quarter and 26% for the year as it continued to lose ground in its second-biggest market. Ford has been struggling to revive sales in China since its business began slumping in late 2017.

Detroit rivals General Motors Co and Fiat Chrysler Automobiles are scheduled to report their results on Wednesday and Thursday, respectively.

(Reporting by Ben Klayman and Paul Lienert; Editing by Tom Brown)

EmbraerX and Elroy Air Sign Agreement to Collaborate on Unmanned Air Cargo

January 8, 2020 / WIL BALDWIN

EmbraerX, Embraer’s disruptive business subsidiary, announces its expansion into the commercial air cargo market, via a collaboration agreement with Elroy Air, at CES 2020. This collaboration will allow the companies to accelerate the unmanned air cargo market worldwide, leveraging Embraer’s 50 years of industry experience with Elroy Air’s bold new developments in autonomous aircraft systems.

“In order to stay the course of creating solutions that benefit humanity at large, we believe the cargo market is prime for an autonomous aircraft,” said Antonio Campello, President & CEO, EmbraerX. “Booming eCommerce is forcing the cargo market to grow and seek new solutions, creating a distinct need for more flexibility. Our holistic approach to accelerating this market will include working with Elroy Air and its Chaparral system, capable of delivering cargo (250-500 lbs) over distances up to 300 miles, as well as our work in associated services and air traffic management solutions.”

“Elroy Air aims to open a new chapter for the logistics market with point-to-point autonomous aerial cargo systems” said Dave Merrill, CEO of Elroy Air. “Elroy Air’s Vertical Takeoff and Landing (VTOL) cargo delivery aircraft, the Chaparral, will operate without airports or charging stations, and is optimized for freight with automated cargo loading and unloading. Our collaboration with EmbraerX will accelerate our path to deployment in commercial freight markets.”

This collaboration is part of EmbraerX’s multi-project approach to further develop the air mobility ecosystem and create the conditions for people and goods to move from A to B in a seamless and affordable way. Beyond cargo, EmbraerX is engaged in several projects, including the development of an Urban Air Mobility focused eVTOL, a tailored Urban Air Traffic Management (UATM) system and a fleet-agnostic business platform, designated Beacon, to streamline services.

Toyota to Build Prototype City of the Future in Japan

January 6, 2020 / WIL BALDWIN

Akio Toyoda, president of Toyota Motor Corporation, speaks at a news conference, where he announced Toyota’s plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji in Japan, during the 2020 CES in Las Vegas

LAS VEGAS (Reuters) – Toyota Motor Corp <TM> said on Monday it plans to build a prototype “city of the future” at the base of Japan’s Mt. Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, “smart homes,” artificial intelligence and other technologies.

Toyota unveiled the plan at CES, the big technology industry show. The development, to be built at the site of a factory that is planned to be closed, will be called “Woven City” – a reference to Toyota’s start as a loom manufacturing company – and will serve as a home to full-time residents and researchers.

Toyota did not disclose costs for the project.

Executives at many major automakers have talked about how cities of the future could be designed to cut climate-changing emissions from vehicles and buildings, reduce congestion and apply internet technology to everyday life. But Toyota’s plan to build a futuristic community on 175 acres (71 hectares)near Mt. Fuji is a big step beyond what rivals have proposed.

The proposal highlights not only Toyota Chief Executive Akio Toyoda’s ambition, but also the financial and political resources Toyota can bring to bear, especially in its home country.

Toyota expects 2,000 people will live at the city initially, with construction slated to start next year. Toyoda called the project “my personal ‘field of dreams.’

“You know if you build it, they will come.”

Toyota said it has commissioned Danish architect Bjarke Ingels to design the community. Ingels’ firm designed the 2 World Trade Center building in New York and Google’s offices in Silicon Valley and London.

Toyota said it is open to partnerships with other companies that want to use the project as a testing ground for technology.

(Reporting by Jane Lanhee Lee and David Shepardson; Writing by Joe White; Editing by Dan Grebler)

Watch the 30 second Woven City YouTube video by clicking HERE!

Daimler, Volvo Mull Combustion Engine Cooperation

January 5, 2020 / WIL BALDWIN

BERLIN (Reuters) – Luxury German carmaker Daimler <DDAIF> and Volvo Cars, owned by China’s Geely, are considering cooperating to cut the costs of developing combustion engines, a magazine reported on Sunday, citing unnamed company sources.

The Automobilwoche weekly cited a Volvo manager as saying there were initial talks with Daimler, but no concrete plans, while a company spokesman said it was too early to talk about firm projects, although it was not excluding anybody.

A Daimler spokesman said the company’s cooperation with Geely, which owns a 10% stake in the German carmaker, was developing in a positive way, but declined to comment further.

Global tariffs, accelerated by a trade war between China and the United States, as well as higher investment requirements for electric and autonomous vehicles, are forcing carmakers to seek new ways to cut and share costs.

In October, Volvo said it would merge its engine development and manufacturing assets with those of Geely, creating a division to supply in-house brands and also potentially others with next-generation combustion and hybrid engines.

The Automobilwoche said this new division would start operating by the end of March, which could be a possible starting point for cooperation with Daimler, while a further step could be a partnership to develop electric power trains.

Geely and Daimler have said they plan to build the next generation of Smart electric cars in China through a joint venture and the two companies are also cooperating on a premium ride-hailing service in China.

Geely bought Volvo Cars in 2010 from Ford Motor Co <F.N>, allowing the Swedish brand to operate on an arms-length basis. But in recent years, it has deepened cooperation between the two brands.

Volvo already supplies engines to some Geely-branded vehicles, sharing technology through Geely’s Lynk brand. Both companies share and develop common vehicle platforms.

(Reporting by Emma Thomasson and Georg Merziger; editing by Jason Neely)

Cirrus Aircraft Revolutionizes Passenger Safety through Autonomous Flight with Safe Return Emergency Autoland

November 2, 2019 / WIL BALDWIN

Duluth, Minn. and Knoxville, Tenn. (30 October 2019) – Cirrus Aircraft, the global leader in personal aviation, ushered in a new era of innovation today with the introduction of Safe Return^TM – a revolutionary emergency autoland system that enables passengers to land the Vision Jet^TM with just the touch of a single button. Once activated when available, Safe Return assumes control of the aircraft and transforms the Vision Jet into an autonomous vehicle that navigates to the nearest suitable airport for landing, communicates with air traffic control, lands and brings the aircraft safely to a complete stop. The Vision Jet, with both Safe Return and the award-winning Cirrus Airframe Parachute System® (CAPS®), provides a comprehensive, must-have total safety solution unique to G2 Vision Jet operators.

“Our mission is to make personal aviation more accessible by continuing to improve passenger comfort and safety,” said Zean Nielsen, Cirrus Aircraft Chief Executive Officer. “Safe Return delivers the next step towards autonomous flight, bringing a new level of confidence to the overall flying experience by providing the ultimate level of safety and control to passengers. Together, with the Cirrus Airframe Parachute System® (CAPS®), we have once again set a new standard for safety in personal air travel.”

Easily accessible by passengers in the Vision Jet cabin, Safe Return is activated by the touch of a button when available. Once pressed, the autonomous system analyzes terrain and datalink weather to determine the optimal airport for landing, and simultaneously begins communication with Air Traffic Control (ATC). Powered by the Perspective Touch+^TM by Garmin® flight deck, Safe Return utilizes all available aircraft data streams, including available fuel, to safely navigate the Vision Jet to the identified airport and transition on to final approach for the appropriate runway based on ground winds. Autothrottle – launched earlier this year on the new G2 Vision Jet –and the automatic flight control system manage the aircraft’s speed, altitude and path, while the system automatically lowers the flaps and landing gear on final approach. Safe Return culminates in the aircraft making a fully autonomous landing on the intended runway and coming to a complete stop, allowing passengers to exit the aircraft.

Included during this entire process is constant communication with ATC – another layer of autonomy that provides assurance to passengers experiencing a critical situation. Upon activation, Safe Return immediately transmits an emergency message to ATC. Using text and speech technology, the system communicates the aircraft’s intentions over the appropriate ATC frequency, the 121.5 emergency voice frequency, and also switches to the universal emergency transponder code. ATC is automatically updated at regular intervals of the aircraft’s location, emergency situation and intended airport landing location. These communications begin the process of activating emergency services at the airport of intended landing to assist the passenger and pilot upon arrival. Safe Return can be easily disengaged by the pilot with a simple press of the Autopilot disconnect button on the yoke if a passenger inadvertently activates the system.

In 2016, Cirrus Aircraft ushered in a new era in personal transportation with the FAA certification of the world’s first single-engine Personal Jet – the Vision Jet. The turbine aircraft defined a new category in aviation – the Personal Jet^TM – with its spacious pilot and passenger-friendly cabin featuring panoramic windows, reclining seats, comfortable legroom for five adults and two children and the only turbine aircraft with a whole airframe parachute system as standard equipment. Earlier this year, Cirrus Aircraft unveiled and began delivery of the G2 Vision Jet, offering enhanced performance, comfort and safety with increased cruise altitude, speed and range, and a newly-upgraded Perspective Touch+^TM by Garmin® flight deck. The company expects to begin delivery of Vision Jets equipped with Safe Return in early 2020.

More information on Safe Return and the G2 Vision Jet can be found at www.cirrusaircraft.com/visionjet.

China Out in Force at Frankfurt Car Show

September 11, 2019 / WIL BALDWIN

FILE PHOTO: Supercar Hongqi S9 is unveiled next to FAW Group Chairman Xu Liuping at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. September 10, 2019. REUTERS/Wolfgang Rattay/File Photo

FRANKFURT (Reuters) – Chinese suppliers and manufacturers have stepped up their presence at the Frankfurt auto show, capitalizing on a strong position in electric technologies forced on European carmakers by regulators seeking to curb pollution.

Though the number of exhibitors has fallen to 800 in 2019 from 994 in 2017, Chinese automakers and suppliers now make up the biggest foreign contingent, with 79 companies, up from 73.

Several European and Japanese carmakers including Fiat , Alfa Romeo, Nissan and Toyota have skipped the show as the industry cuts costs.

Europe’s automakers face multibillion-euro investments to develop electric and autonomous cars, forcing them to rely on Chinese companies for key technologies such as lithium ion battery cell production, an area where Asian suppliers dominate.

German firms are striking major deals with Chinese suppliers to help them meet stringent EU anti-pollution rules, which were introduced in the wake of Volkswagen’s 2015 emissions cheating scandal.

“All carmakers face the challenge that they will have to fulfill fleet consumption targets,” Matthias Zentgraf, regional president for Europe at China’s Contemporary Amperex Technology, told Reuters.

Zentgraf said he expected further supply deals to be struck in Europe this year following agreements with BMW and Volkswagen.

Daimler on Wednesday said it had chosen China-backed Farasis Energy to supply battery cells for its Mercedes-Benz electrification push.

Farasis is building a 600 million euro ($663 million) factory in east Germany, close to where Chinese rival CATL is erecting a 1.8 billion euro battery plant.

SVOLT Energy Technology, which was carved out of China’s Great Wall Motor Co, told Reuters it would start building battery cells in Europe at a new 2 billion euro plant in 2023.

TIPPING POINT

Chinese companies are also giving Europe more attention since the United States and China embarked on a global trade war, which has resulted in tariffs.

“We put Europe up in priority,” said Daniel Kirchert, chief executive of Chinese electric car maker Byton.

“We are at a tipping point” for acceptance of electric vehicles in Europe, Kirchert, a former BMW executive, added.

Byton has taken its prototype vehicles on road shows in Europe, and received expressions of interest from 20,000 customers, he said. In electric vehicle hot spots, such as Norway and the Netherlands, “we see a very positive response.”

Byton plans to export vehicles from its factory in Nanjing, to Europe in 2021, Kirchert said, adding that exporting to the United States would be a challenge if Washington and Beijing did not resolve their trade war.

He said Byton still hoped to launch in the United States in 2021, but tariffs would threaten the company’s goal of selling vehicles at a starting price of about $45,000.

“We decided no matter what” Byton will launch in the United States, even at a higher price, he said.

China’s Great Wall Motor may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman told Reuters at the show.

German carmakers have been forced to accelerate electrification plans after the EU imposed a 37.5% cut in carbon dioxide emissions between 2021 and 2030 in addition to a 40% cut in emissions between 2007 and 2021.

PSA Group Chief Executive Carlos Tavares used the show to step up criticism of Europe’s aggressive approach toward emissions limits.

“The word dialogue has become meaningless in Europe,” he said, referring to the requirements placed on the auto industry.

“Politicians can decide rules without any discussion with industry,” he told journalists on the sidelines of the show.

Electric cars made up only 1.5% of global sales last year, or 1.26 million of the 86 million passenger vehicles sold, JATO Dynamics said.

If carmakers fail to meet the 2021 targets they could face a combined 33 billion euros in fines, analysts at Evercore ISI have estimated.

They also estimate it will cost the auto industry an aggregate 15.3 billion euros to comply, assuming a 60 euro cost per gram to reduce CO2 emissions for premium carmakers and 40 euros per gram of CO2 reduction for volume manufacturers.

(Writing by Edward Taylor; Editing by Mark Potter)

A woman cleans the prototype of a Chinese car at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9, 2019. The IAA officially starts with media days on Tuesday and Wednesday. (AP Photo/Michael Probst)

Boeing 702X Satellite Offers Unique Multi-Mission Flexibility

September 10, 2019 / WIL BALDWIN

Matured design enables delivery to customers in less than three years
Boeing software reallocates bandwidth to meet real-time changes in demand

PARIS Sept. 9, 2019 — Boeing [BA] unveiled its 702X family of software-defined satellites, highlighting a 1,900kg variant for geosynchronous orbit. The 702X technology enables operators to adapt to changing market conditions by dynamically allocating bandwidth.

The 702X builds on Boeing’s existing success with the 702 series satellites. The 702X platform incorporates a mature design, with a medium Earth orbit version already in production. Advanced manufacturing processes dramatically reduce cost and schedule risk while allowing the 702X to be delivered to customers within three years.

The 702X satellites will allow operators to distribute capacity to a variety of end users, connecting businesses, ships, airplanes, autonomous vehicles and broadband internet users around the world. “Satellites are, and will continue to be, an integral part of our data-driven society,” said Eric Jensen, vice president of Global Sales and Marketing, Boeing Commercial Satellites. “The 702X gives our customers the tools necessary to evolve with the market.”

The 702X is available to customers today. Boeing estimates the first 702X geosynchronous variant will be operational as soon as 2022.

Boeing is unveiling its new 702X family of software-defined satellites. All 702X variants, such as the small geosynchronous orbit model shown here, will provide satellite operators the flexibility to reallocate bandwidth through software updates in real time to meet changes in market demand. (Boeing photo)

Boeing to Work with Kitty Hawk on Flying Cars and Safety

June 26, 2019 / WIL BALDWIN

Kitty Hawk,the flying car company backed by Google’s Larry Page and led by Udacity co-founder Sebastian Thrun, has struck a deal with aerospace giant Boeing.

The terms of the strategic partnership are vague. But it appears the two companies will collaborate on urban air mobility, particularly around safety and how autonomous and piloted vehicles will co-exist.

Kitty Hawk’s portfolio of vehicles includes Cora, a two-person air taxi, and Flyer, a vehicle for personalized flight. The partnership is focused on the fully electric, self-piloting flying taxi Cora, according to the announcement.

Click the link below for the full story and video!

https ://techcrunch.com/2019/06/25/boeing-is-going-to-work-with-kitty-hawk-on-flying-cars-and-safety/?yptr=yahoo

Airbus Skyways Drone Trials First Shore-to-Ship Deliveries

March 18, 2019 / WIL BALDWIN

Airbus has begun shore-to-ship trials in Singapore with its Skyways parcel delivery drone. This marks the first time drone technology has been deployed in real port conditions to deliver a variety of small, time-critical maritime essentials to working vessels at anchorage.

The maiden shore-to-ship delivery flight was made to the Swire Pacific Offshore’s Anchor Handling Tug Supply vessel “M/V Pacific Centurion,” 1.5 km from the shoreline of Singapore’s Marina South Pier, carrying 1.5 kg of 3D printed consumables. Landing safely on the ship deck and depositing its cargo to the shipmaster, the Skyways unmanned air vehicle swiftly returned to its base, with the entire flight taking within 10 minutes.

The trials are being undertaken in conjunction with partner Wilhelmsen Ships Services, one of the world’s leading maritime logistics and port services company. During the trials, Airbus’ Skyways drone will lift off from the pier with a payload capability of up to 4 kg, and navigate autonomously along pre-determined ‘aerial corridors’ to vessels as far as 3 km from the coast.

Airbus’ Skyways lead, Leo Jeoh, shared his excitement at the milestone flight: “We are thrilled to launch the first trial of its kind in the maritime world. Today’s accomplishment is a culmination of months of intense preparation by our dedicated team, and the strong collaboration with our partner, as we pursue a new terrain in the maritime industry.”

“We are also happy to be taking a step forward for Airbus’ urban air mobility endeavour, as we continue to explore and seek better understanding of what it takes to fly safe and reliable autonomous flying vehicles safely,” he added.

“The now proven, seamless operation of drone deliveries from shore to ship, in one of the world’s busiest ports proves the hard work, investment and faith we, and indeed our partners, placed in the Agency by Air project over the past two years was not misplaced,” said Marius Johansen, Vice President Commercial, Ships Agency at Wilhelmsen Ships Services.

“Delivery of essential spares, medical supplies and cash to master via launch boat, is an established part of our portfolio of husbandry services, which we provide day in and day out, in ports all over the world. Modern technology such as the unmanned aircraft systems, are just a new tool, albeit a very cool one, with which we can push our industry ever forward and improve how we serve our customers,” he added.

The use of unmanned aircraft systems in the maritime industry paves the way for possible enlargement of existing ship agency services’ portfolio, speeding up deliveries by up to six times, lowering delivery costs by up to 90%, reducing carbon footprint, and significantly mitigating risks of accidents associated with launch-boat deliveries

Airbus and Wilhelmsen Ships Services signed an agreement in June 2018 to drive the development of an end-to-end unmanned aircraft system for safe shore-to-ship deliveries. The collaboration marries Airbus’ extensive expertise in aeronautical vertical lift solutions and Wilhelmsen’s wealth of experience in ship agency services. A landing platform and control centre were set up at the Marina South Pier in November 2018, through the facilitation of the Maritime and Port Authority of Singapore. The maritime agency also designated anchorages for vessels to anchor off the pier for the trials, while the Civil Aviation Authority of Singapore worked with Airbus and Wilhelmsen to ensure safety of the trials.

Skyways is an experimental project aimed at establishing seamless multi-modal transportation networks in smart cities. Through Skyways, Airbus aims to develop an unmanned airborne infrastructure solution and address the sustainability and efficiency of unmanned aircraft in large urban and maritime environments.

Having demonstrated the ability to deliver parcels safely and reliably to vessels anchored off the coast of Singapore, Skyways will soon be commencing another trial phase delivering air parcels autonomously in an urban environment, at the National University of Singapore.

About Airbus
Airbus is a global leader in aeronautics, space and related services. In 2018 it generated revenues of €64 and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Story and images from http://www.airbus.com

EmbraerX Displays The Future of Urban Air Mobility at SXSW

March 8, 2019 / WIL BALDWIN

Austin, TX, USA, March 06, 2019 – Austin’s South By Southwest (SXSW) festival is the stage of EmbraerX’s first Prototype Room, a space for connection between technology, accessibility, collaboration and creativity. By showing its collaborative ecosystem mind approach, EmbraerX aims the enhancement of urban air mobility acceptance in a human-centric experience.

The Prototype Room will feature a series of interactive experiences for people to know, understand and imagine the Flying Vehicle and Urban Air Mobility. The proposal is to invite the public to know and interact with EmbraerX from their projects and ideas more audacious and revolutionary.

All this technologies and activities developed by partner companies that are part of the EmbraerX collaborative ecosystem will take place at Hilton Austin Downtown hotel, room, 602, March 8-13.

“The industry needs to build a collaborative ecosystem to reinvent mobility. But it will only be possible, if we ignite people’s imagination and show we are not offering product, but a social transformation. SXSW is an obvious stage to spread this message by demonstrating Embraer moves toward to the future of urban air mobility and accessibility”, said Antonio Campello, CEO of EmbraerX.

This year the Tech Industry & Enterprise Track is presented by Embraer. This interactive track has focuses on the forward-thinking innovation of today and what we project to be trending tomorrow. Executives and leaders from a variety of industries will be gathered to discuss the evolving landscape of technology driven services. Session topics include new developments from established organizations; technology ecosystems from around the world; strategic B2B practices; and the changing nature of tech-based services within industries.

EmbraerX team will be also attending the panel Mobility, Reimagined: Co-Designing at the Hilton Austin Downtown hotel New Futures, on March 12, at 9:30am, at room 400. The panel will explore how people and technologies will interact in the new age of smart cities and autonomous vehicles. In this opportunity, the Company will address its vision on a truly build safe future-forward transportation for all, which users will be the first to benefit from these new technologies and revolutionary services, what will be the implications on mobility and the design of new frictionless technologies.

EmbraerX, a wholly owned Embraer subsidiary, exists to build disruptive businesses, considering that transportation will probably be disrupted by the exponential growth of new technologies as well as the development of new business models.

Embraer has existing partnerships with dozens of universities and research centers and also co-creates with customers and aerospace companies around the world, in truly collaborative knowledge networks, based upon open innovation concepts, with shared achievements, budgets and risks. The company 50-year successful history is a representation and endorsement of what is being built for the future. eVTOL.

Embraer is part of the Uber Elevate Network, sharing the vision that on-demand aviation has the potential to radically improve urban mobility, improving the quality of life for people who live in congested urban communities.

Urban air mobility can be leveraged by using the eVTOL (electrical Vertical Take Off and Landing). However, the entire ecosystem has to be developed, which demands a significant integration among ride-sharing platform, aircraft manufacturer, infrastructure for vertiports, air traffic management, certification authorities, etc.

As the leading manufacturer of commercial jets with up to 150 seats and a major player in business aviation, in addition its important role in defense and security, Embraer is one of the most experienced partners in this space and Uber recognizes and values Embraer’s ability to bring affordable, yet advanced flight systems to much smaller aircraft.

EmbraerX eVTOL Video – https://youtu.be/87t8NvJGFOU

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