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Tesla Autopilot, similar automated driving systems rated ‘poor’ by safety group
The Insurance Institute for Highway Safety rolled out a new safety rating system for partial automated driving systems, and the first tests did not go well for Tesla – or nearly any of the electric vehicle giant’s rivals.
Under the system, the IIHS assigns the systems a rating of good, acceptable, marginal or poor based on its safeguards, and none of the automated systems landed an overall rating of “good.”
Of the 14 systems rated, 11 were found to be “poor,” including Tesla’s Autopilot and its Full Self-Driving version, which is in beta testing, along with Nissan’s ProPILOT Assist 2.0, Mercedes-Benz’s Active Distance Assist DISTRONIC with Active Steering Assist, Ford’s BlueCruise and BMW’s Active Driving Assistant.
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The only system that performed worse than Tesla’s, according to the findings, was Volvo’s Pilot Assist.
Ticker | Security | Last | Change | Change % |
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TSLA | TESLA INC. | 177.77 | +2.43 | +1.39% |
But the three remaining systems did not receive glowing reviews from the IIHS, either.
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The top system was Lexus’ Teammate with Advanced Drive, which was deemed an overall rating of “acceptable.” The No. 2 spot went to General Motors‘ Super Cruise, and Nissan’s ProPILOT Assist with Navi-link came in third – both systems received ratings of “marginal” from the IIHS.
Ticker | Security | Last | Change | Change % |
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GM | GENERAL MOTORS CO. | 39.26 | -0.27 | -0.67% |
F | FORD MOTOR CO. | 12.11 | -0.07 | -0.57% |
“Some drivers may feel that partial automation makes long drives easier, but there is little evidence it makes driving safer,” IHHS President David Harkey said. “As many high-profile crashes have illustrated, it can introduce new risks when systems lack the appropriate safeguards.”
Tesla and its chief executive, Elon Musk, have said that a Tesla operating with Autopilot engaged is about 10 times safer than the U.S. average and five times safer than a Tesla without the technology enabled. Federal regulators are investigating nearly 1,000 accidents in which Tesla’s Autopilot was in use.
The IHHS reported that it expects manufacturers will continue to improve their systems’ safety features, and noted that the two Tesla systems it tested used software that preceded the company’s latest software update from December.
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Tesla, Nissan, Mercedes-Benz, Ford, BMW, Volvo and General Motors did not immediately respond to FOX Business’ request for comment on the findings.
Reuters contributed to this report.
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Predictions for Mortgage Rates in 2024: What to Expect
As we look ahead to 2024, many homeowners and prospective buyers are wondering what to expect when it comes to mortgage rates. The landscape of the housing market is constantly changing, so it’s important to stay informed about trends and predictions. In this blog post, we will discuss some factors that could impact mortgage rates in 2024 and what homeowners and buyers can expect.
One factor that could impact mortgage rates in 2024 is the overall state of the economy. If the economy is strong and growing, we may see higher mortgage rates as the Federal Reserve looks to combat inflation. On the other hand, if the economy is stagnant or in a recession, we may see lower mortgage rates as the Fed looks to stimulate growth. It’s important to keep an eye on economic indicators such as GDP growth, unemployment rates, and inflation to get a sense of where mortgage rates may be heading.
Another factor that could impact mortgage rates in 2024 is Federal Reserve policy. The Fed plays a key role in setting interest rates, and their decisions can have a ripple effect on mortgage rates. If the Fed decides to raise interest rates in response to inflation, we may see an increase in mortgage rates. Conversely, if the Fed decides to lower interest rates to stimulate growth, we may see a decrease in mortgage rates. Keeping up with the latest news and announcements from the Fed can give homeowners and buyers a sense of where mortgage rates may be heading.
In terms of specific cities and local mortgage companies, it’s important to note that mortgage rates can vary depending on location and lender. For example, in a city like New York City, where real estate prices are high, mortgage rates may be higher compared to a city like Indianapolis, where real estate prices are lower. Additionally, local mortgage companies may offer competitive rates and terms compared to national lenders. For example, in New York City, local lenders like Quontic Bank and CrossCountry Mortgage may offer specialized products and services tailored to the needs of local buyers.
It’s important for homeowners and buyers to shop around and compare rates from multiple lenders to ensure they are getting the best deal. Websites like Bankrate and LendingTree can be helpful resources for comparing rates and terms from multiple lenders. Homeowners and buyers should also consider working with a mortgage broker who can help them navigate the lending process and find the best mortgage product for their needs.
In conclusion, predicting mortgage rates in 2024 is not an exact science, but there are several factors that could impact rates. By staying informed about economic indicators, Federal Reserve policy, and local market trends, homeowners and buyers can make informed decisions about their mortgage. Shopping around and comparing rates from multiple lenders is key to ensuring you are getting the best deal on your mortgage. Whether you’re looking to refinance your existing mortgage or buy a new home, it’s important to stay informed and be proactive in managing your mortgage.
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