Jumat, 10 Januari 2020

CES 2020: These car tech innovations will change your life - CNET

The future's so bright, you gotta wear shades. Or maybe you don't...

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This story is part of CES 2020, our complete coverage of the showroom floor and the hottest new tech gadgets around.

CES 2020 is a wonderful yet bewildering place, jam-packed with available-right-now tech and never-will-be moonshots in equal measure. It's hard to find -- let alone make sense of -- the automobiles, pieces of technology and services that will impact you, the car-buying consumer. 

We're here to help. Going beyond Roadshow's favorite bits of mobility tech and the best cars and concepts, here are some of the key themes and breakthroughs at CES 2020 that our editors believe will reshape the future of mobility -- both in the near term and the distant future.

Biometrics

No, nothing like the Mercedes-Benz Vision AVTR is going to be parked in your driveway during this new decade. But some of the key tech inside this striking, Avatar-inspired showcar is likely to figure into your automotive future sooner than you think: biometrics. This new concept car not only detects your pulse (confirming it with nudge on your seatback) while also detecting your breathing, it does away with a steering wheel and instead recognizes the driver with a multifunctional control element activated with one's palm. 

Long before full autonomy becomes a reality, cars are going to be ever-closer monitoring drivers and occupants for many reasons, including making sure they're paying attention to the act of driving, optimizing safety systems in the event of a crash and to tailor infotainment experiences to individual passengers. Biometrics will be an important new way to help accomplish these goals.

Sony getting into cars in a big way

Sony is certainly no stranger to the automobile -- it's been working on in-car audio and various other nooks and crannies in the motoring world for many years. But it's never signaled quite a splash as it did at CES, with the jaw-slackening debut of what looks to be a fully baked electric car

At the moment, Sony says it has no plans to actually offer this car -- a sleek-looking four-door designed with supplier powerhouse Magna -- for sale to consumers. Instead, consider this unnamed vehicle to be a rolling showcase for its Vision-S connected car platform. The package includes no fewer than 33 sensors arrayed inside and outside the vehicle, plus the mother of all infotainment systems. The dashboard is dominated by no fewer than six screens, and there's Sony's 360 Reality Audio system for the sound from the streaming movie and game feeds to wash over passengers. 

When a company with the size, history and expertise of Sony decides it wants to worm its way into the cars of tomorrow, you can bet it's going to impact the automotive landscape.

Smart helmets

Even if you're not a motorcyclist, you stand to benefit from the advent of smart helmets. Why? They will make the roadways safer for all motorists, and even pedestrians. In the case of Tali Connected's new helmet, that includes high-visibility features like built-in turn signals and taillights. 

In addition to trick lighting, Tali's helmet will sync with a smartphone app via Bluetooth to enable not only expected features like telephony and music, but also navigation directions and even accident/fall detection and automatic emergency service notification. 

Velodyne's Velabit lidar sensor is tiny and shatters the $100 price barrier.

Velodyne

Cheap lidar

Never mind what Tesla's Elon Musk says, nearly all automakers and industry experts agree that lidar is the cornerstone of our self-driving future. Laser radar will work in concert with other sensors, including cameras, ultrasonic and long-range radar to help the cars and trucks of tomorrow 'see' their way around. The key will be getting the cost of these sensors down to a point where all cars -- not just high-end models -- can have them onboard. 

Velodyne has just introduced its Velabit lidar at CES, and not only is it tiny -- smaller than a deck of playing cards -- it shatters the price barrier, costing $100 per sensor. Just last year, rival Luminar made waves by promising to offer lidar sensors for under $1,000. The Velodyne and Luminar sensors may not share exactly the same specs, but the rapid price drop year over year is a ready illustration of how much progress is being made in this area.

While we still wouldn't bet on your next car offering hands-off Level 4 autonomy, major strides like this in cost and miniaturization should help pull that horizon in closer.

Lightyear

Solar-powered cars

Now, the idea of integrating solar panels into a vehicle's roof has been around for quite a long time, and thus far, the impact of the technology has been pretty minimal. These days, you can soak in the sunshine juice in a Toyota Prius or a Karma Revero, but their returns on investment are pretty minimal. But thanks to improvements in both efficiency and cost reductions, you can expect a lot more of this sunlight-capturing tech in the coming years, especially as cars load up on more and more power-sapping sensors for increasing levels of automation and even more creature comforts. 

We're not honestly suggesting that your next car is going to rely solely on sun power. Not even close. But solar is finally starting to make meaningful inroads as a supplementary power source for new vehicles. And that trend isn't just accelerating on expensive cars, either -- Hyundai will shortly offer the technology on its brand-new Sonata. The Korean automaker claims its new roof array will generate enough juice to provide around 800 miles of additional range per year in its forthcoming Sonata Hybrid model. That's significant. 

Some companies are even more ambitious than that. The slipstream Lightyear One presented at CES 2020 promises to deliver some 7.5 miles of range per hour of charge time. That means that if you left your car outside during a sunny eight-hour workday, you could theoretically recover some 60 miles of charging, likely more than your commute home. 

Even if the $170,000 Lightyear One never truly gets off the ground, we're betting you're going to see a lot more cars augmented by solar power in the coming years.

Cars as mobile payment systems

All of the technologies and products above are promising, but maybe you need some life-changing automotive tech right now. Visa and SiriusXM may just have the cure for what ails you: in-dash ordering and automated payment for things you use every day. Food. Gas. Tolls. Parking. All from your driver's seat using either your car's infotainment display or voice commands. 

We've seen systems from General Motors and others where you can order your morning coffee, but some functions require also interacting with your phone directly, making them less convenient. In the case of GM's Marketplace, they also require that you own one of the company's vehicles. 

With the SiriusXM/Visa tech, your car just has to have a 4G-LTE data connection and SiriusXM's connected services, both of which you may already have. Now, in order to make the most of this, the two companies are working feverishly to sign up participating vendors and services en masse to ensure that your corner gas station and most-frequently used toll road are ready to accept your mobile payment. That's likely to take some time, especially if you live outside of major metropolitan areas, but given the ubiquity of Visa and SiriusXM, this convenient service may become part of your daily routine quicker than you think.

Smart visors

With a lot of the offerings at CES, it sometimes feels like you need a PhD to understand these new pieces of technology. Not just how they work, but how they might benefit you and your motoring life. Bosch's Virtual Visor is refreshingly easy to understand: It improves on the nearly century-old sun visor by offering up to 90% more visibility. How? By employing a transparent LCD visor that can be intelligently blacked-out section by section to only block those areas where the sun is impeding the driver's visibility. It does so with powerful software and a simple driver-facing camera.

While this tech is likely at least a few years from finding its way into passenger cars and commercial trucks, because it's being developed by one of the auto industry's largest suppliers, it's likely to show up quickly on a wide variety of makes and models. And hey, even if your next car, truck or SUV doesn't come with it, if the vehicles you're sharing the road with have the technology, you're less likely to get in an accident because they've been blinded by glare.

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2020-01-10 10:00:01Z
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Ghosn's lawyer slams minister's gaffe on proving innocence - The Associated Press

TOKYO (AP) — A lawyer for Carlos Ghosn, Nissan’s former chairman who skipped bail in Japan and fled to Lebanon, on Friday slammed a gaffe by the Japanese justice minister who said that Ghosn should “prove” his innocence.

Francois Zimeray said in a statement addressed to Justice Minister Masako Mori that her mistake reflected Japanese justice, which goes against the human rights principle of presumption of innocence.

Mori has apologized for the error and said she meant to say the suspect should “assert” innocence, not prove it.

“The presumption of innocence, respect of dignity and rights of defense have been essential components of what constitute a fair trial,” he said.

“Japan is an admirable, modern, otherwise advanced country. It deserves better than an archaic system that holds innocent people hostage. The onus is on you to abolish it.”

He stressed it is up to prosecution to prove guilt, not the other way around.

Ghosn, who was awaiting trial on financial misconduct charges, fled Tokyo and appeared in Beirut Dec. 30.

He is unlikely to face trial here as Lebanon does not extradite its citizens.

He reiterated in a news conference in Beirut this week that he was innocent and that he faced trumped up charges because Nissan Motor Co., prosecutors and Japanese officials sought to block a fuller merger between Nissan and alliance partner Renault SA of France.

Japan’s conviction rate is higher than 99%, and human rights advocates have long questioned the fairness of its judicial system.

Ghosn has said it is rigged and unjust.

Japan’s judiciary has come under the spotlight over Ghosn’s case and his harsh words earlier this week about how he was treated in detention, stuck in solitary confinement and grilled by prosecutors without a lawyer present, as well his bail conditions that barred him from seeing his wife.

Mori has said Japan’s system upholds human rights, provides a fair trial and has made for a low crime rate.

She accused Ghosn of “propagating both within Japan and internationally false information on Japan’s legal system and its practice.”

“That is absolutely intolerable,” she said Thursday.

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

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2020-01-10 08:45:00Z
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Kamis, 09 Januari 2020

America has turned its back on big department stores - CNN

This trend isn't new. It has been going on for several years (remember Sears?). But the 2019 holiday shopping season brought their troubles into stark relief.
Despite low unemployment and high consumer confidence, JCPenney (JCP) had a dismal holiday. Kohl's (KSS) and Macy's (M) suffered, too. And Victoria's Secret parent L Brands (LB) continued its years-long run of losses.
JCPenney's sales at stores and websites open for a year fell 7.5% during the holidays compared with last year. Kohl's and Macy's sales dropped slightly, and Macy's said it will close 28 stores. Victoria's Secret sales at stores and websites open for at least a year fell 12% and its parent cut its earnings forecast.
More than 9,300 stores closed in 2019
JCPenney's results raise "continued questions about the chain's long-term viability," Neil Saunders, analyst at GlobalData Retail, said in a note to clients Thursday. "Once loyal customers now avoid the chain and shop elsewhere."
Americans are still shopping, and consumer spending in the United States remains strong. But shoppers they are hunting for bargains at big box chains such as Walmart (WMT), Target (TGT), Costco (COST) and online. Costco said Wednesday that sales in the United States during December jumped 9.4%. These companies are taking market share from department stores, according to analysts.
There is no shortage of competitors to blame for department stores' woes. The big box chains have been able to use their scale to muscle down prices on everything from televisions to clothing. Discount retailers, including TJMaxx and fast-fashion chains, continue to grow sales.
That has suqeezed department stores, forcing them to lower prices on clothes or put them on sale, which has pressured profits.
Forget fashion and beauty. These are the grocery store influencers
Macy's, JCPenney and Victoria's Secret are also located in older malls, while Target and TJMaxx's stores are typically standalone, independent of malls. This is a major advantage to draw in customers, according to analysts.
But department store leaders have also their own strategies to blame. Department stores are making changes to stores to boost the customer experience. But they are taking incremental steps, rather than implementing sweeping overhauls.
At Kohl's, the "single biggest initiative" of 2019, according to CEO Michelle Gass, was a partnership with Amazon to accept returns for free. Kohl's hoped that the partnership would draw customer traffic, but some analysts are starting to question whether Amazon has delivered.
"We continue to be surprised that Kohl's isn't seeing much in the way of a traffic bump from its partnership with Amazon," Chuck Grom, analyst at Gordon Haskett Research Advisors, said in a note to clients Thursday.

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2020-01-09 15:19:00Z
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Lebanon slaps travel ban on Carlos Ghosn - CNN

Lebanese prosecutor Ghassan Oueidat confirmed Thursday that a travel ban had been issued that will prevent the ex-Nissan boss from leaving the country.
Lebanon said on January 2 that it had received a "red notice" from international police organization Interpol confirming that Ghosn was wanted by police in Japan.
A red notice does not compel law enforcement authorities to arrest fugitives. Lebanon and Japan do not have an extradition treaty, and Lebanese officials have said Ghosn entered the country legally.
The former auto industry titan was awaiting trial in Tokyo for alleged financial wrongdoing before he pulled off a stunning breakout from the country late last year.
Ghosn, who is a citizen of Lebanon, Brazil and France, held a press conference Wednesday in Beirut where he proclaimed his innocence and pledged to fight back against what he described as "political persecution."
"Obviously I don't consider myself a prisoner in Lebanon," he told reporters. "I'm happy to be here. I'm with my friends, my family. I don't feel at all unhappy. I'm ready to stay a long time in Lebanon."
On Tuesday, Japanese prosecutors issued an arrest warrant for his wife, Carole Ghosn, accusing her of giving false testimony during a court hearing last April. She is also in Lebanon.
Representatives for Ghosn did not immediately respond to a request for comment on Thursday.
Fugitive ex-Nissan boss Carlos Ghosn blasts Japanese justice. It was escape or 'die in Japan'

Japan's justice system

Ghosn was first arrested in Tokyo more than a year ago. Among other charges, prosecutors alleged that he understated his income for years and funneled $5 million of Nissan's money to a car dealership he controlled.
On Wednesday, he slammed Japan's criminal justice system, which he said "violates the most basic principles of humanity."
He pointed to his time in solitary confinement, extended questioning without lawyers present, and the lack of a speedy trial. Japanese prosecutors were intent on extracting incriminating information, not on determining the truth, he claimed, adding that he was allowed to shower only twice a week.
Ghosn said his arrest was part of a plot to oust him from the automotive empire he built between Nissan (NSANF), Renault (RNLSY) and Mitsubishi Motors. He did not provide evidence of this.
Carlos Ghosn: Reports of my escape are inaccurate

Prosecutors blame Ghosn

Tokyo prosecutors said in a statement following the press conference that Ghosn "has only himself to blame for being arrested and detained," and for the conditions of his bail.
There was sufficient evidence, they said, to "determine that there was a high probability of obtaining conviction."
Japanese Justice Minister Masako Mori said in a statement that Ghosn "has been propagating both within Japan and internationally false information on Japan's legal system and its practice."
"That is absolutely intolerable," she said.
— Sherisse Pham, Julia Horowitz and Charles Riley contributed to this report.

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2020-01-09 14:10:00Z
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Victoria Secret's parent stock falls on weak holiday sales and trimmed forecast - CNBC

Pedestrians walk past a Victoria's Secret store, a subsidiary of L Brands, in New York.

Craig Warga | Bloomberg | Getty Images

Victoria's Secret parent company L Brands said its holiday sales shrunk, leading the retailer to cut its earnings outlook for the fourth quarter.

The news comes on the heels of L Brands promising investors in September that an "evolution" was ahead for the embattled lingerie brand. But there weren't many bright spots in its reports on Thursday.

To stem sales declines, L Brands has promised to use a more diverse group of models in its Victoria's Secret marketing and advertising — that will reflect women of all shapes and sizes. It has vowed to make more trend-right and comfortable products, to try to win back the customers who have fled its stores for the likes of ThirdLove and Adore Me. But that didn't come in time for the holidays.

Shares of the company fell more than 4% in premarket trading.

L Brands now expects to report fourth-quarter earnings of $1.85 per share, down from its previous forecast of $2.00 per share.

During the nine weeks that ended Jan. 4, L Brands saw net sales of $3.9 billion, down from $4.1 billion a year ago. Same-store sales declined by 3%.

Victoria's Secret's same-store sales across its stores and direct channels shrank by 12% during the holiday season, a much steeper drop than the previous year's decline of 4%.

Its Bath & Body Works division reported same-store sales growth of 9%. Sales of scented candles and lotions have been propping up L Brands' otherwise increasingly outdated bra and underwear business. But some analysts have said even Bath & Body Works' best days are over.

"Bath & Body Works' top line has been great but margins are beginning to erode and compares are daunting," Jefferies analyst Randy Konik said in a note to clients earlier this month.

"Candle penetration is maxing out," he added. "Over time, BBW.com likely will have to offer more 'free shipping' offers and its products are heavy, which adds to shipping expense. ... These factors will cause margins to erode further in the segment."

L Brands shares, as of Wednesday's market close, are down about 35% over the past 12 months. The retailer has a market cap of $5 billion.

Read the full press release here.

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2020-01-09 12:52:00Z
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Why a ‘battle-weary’ Tesla enthusiast is now telling investors to move to the sidelines - MarketWatch

Now that U.S.-Iran tensions have cooled a bit, it may be time to revisit predictions from some strategists last year that said equities are primed for big gains in the first quarter.

They may have been onto something. The Nasdaq Composite COMP, +0.67%  nailed a record close on Wednesday, while the S&P 500 SPX, +0.49%  could be headed for one today, judging by positive futures action. News that China’s Vice Premier Liu He will sign a “Phase 1” trade deal in Washington next week is also inspiring investors.

Also shooting to a new high on Wednesday were shares of electric-car maker Tesla TSLA, +4.92%, whose market capitalization is now bigger than Ford Motor’s at its peak.

That brings us to our call of the day from Baird analysts Ben Kallo and David Katter, who have downgraded Tesla to a neutral rating after a longtime overweight, or bullish position, on the shares. In a note to clients, they said it is time to cash in on some of the big gains the automobile maker has seen.

“We are moving to the sidelines, admittedly battle-weary after a hard-fought several years, including [approximately] 20% outperformance over the last year,” said the team, who spoke of “contentious arguments with (evidently) high-conviction bears.”

Note the analysts lifted their share target to $525 from $355—shares closed just shy of $500 on Wednesday.

They said risk/reward for Tesla shares is looking more balanced following recent gains—up 113% in the last 6 months, nearly 18% year-to-date. And while some analysts have been turning increasingly optimistic on the company’s future, they think that process may be in the latter stages.

Baird analysts added that Tesla stock is now reflecting lots of progress the company has made over the past two years, both operationally and financially. They mentioned such pluses as the new Shanghai factory and an “extremely compelling product line,” including the Model Y, the Tesla Semi Roadster and the Pickup.

But they stopped short of suggesting investors bet on shares to fall over the long run. They said even amid bearish arguments by some, “the company has continued to grow and execute (albeit on a slower timeline than projected, at times) and we expect this will continue.”

The market

Dow YM00, +0.32%, S&P ES00, +0.29%  and Nasdaq -100 NQ00, +0.45%  futures are higher, with European stocks SXXP, +0.34% on track for a record session after Wednesday’s upbeat day on Wall Street. Asian markets ADOW, +1.58% also rebounded. Gold GC00, -0.54%  is pulling back from what’s been a big run this week.

The tweet
The chart

Investors putting money into Apple AAPL, +1.61%  shares a year ago would have doubled their money, according to this chart tweeted by Byron Lotter, portfolio manager at Vestact Asset Management.

Lotter said while some attribute the share rise to renewed popularity for Apple products in China, he thinks its services division is a star player. He cited a company statistic that shows $1.42 billion was spent on the App store between Christmas and New Year’s Eve, while he’s also positive on Apple Music and Apple TV. An “incredible business…still has legs,” he told clients in a note.

The buzz

Bed Bath & Beyond shares BBBY, -1.13%  are tumbling after the housewares retailer reported a big quarterly miss and pulled its outlook.

Watch shares of HP HPQ, +1.31%  after the printer and personal computer maker again rejected a takeover bid by Xerox XRX, -0.06%.

Ahead of Friday’s nonfarm payroll data, we’ll get weekly jobless claims before the open.

Random reads

Democratic presidential candidate Mike Bloomberg on why you should vote for him.

Pilot of doomed Ukrainian airliner apparently tried to avoid crashing into homes.

Chinese scientists probing a pneumonia outbreak discover a new virus.

Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. Be sure to check the Need to Know item. The emailed version will be sent out at about 7:30 a.m. Eastern.

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2020-01-09 11:39:00Z
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Kohl's shares tank on dismal holiday sales results, lowered outlook - CNBC

Shoppers enter a Kohl's store in Peoria, Illinois.

Daniel Acker | Bloomberg | Getty Images

Kohl's said same-store sales during November and December fell 0.2% due to weakness in its core women's apparel business, leading it to lower the bar for its full-year outlook.

Based on the dismal holiday performance, Kohl's said in a press release that it is now calling for fiscal 2019 diluted earnings per share to be at the "low end" of a previously announced range of of $4.75 to $4.95. In November, when it last reported quarterly earnings, the company cut its annual profit forecast to $4.75 to $4.95 per share from $5.15 to $5.45.

The news sent Kohl's shares tumbling as much 9% in premarket trading. As of Wednesday's market close, Kohl's stock had dropped about 28% over the past 12 months. Kohl's has a market value of $7.7 billion.

"We are managing the business with discipline and we expect to deliver on our earnings guidance for the full year," CEO Michelle Gass in a statement. During the holidays, Kohl's was more pleased with its performance in active, beauty and children's divisions, as well as footwear and men's, she added.

Gass said Kohl's is "working with speed to address" the issues in its women's business

Kohl's has been expected by analysts to deliver same-store sales growth during the fourth quarter, which includes the holiday season, of 0.4%.

The announcement follows one from rival Macy's a day earlier, in which Macy's said its holiday same-store sales dropped 0.6%. The decline wasn't as bad as many had feared, sending Macy's shares higher on the news. CEO Jeff Gennette said Macy's saw "a strong trend improvement from the third quarter," igniting some optimism for the retailer's turnaround plans.

Still, on the whole, department stores are expected to have underperformed during the 2019 holiday season.

The category of retailers that includes J.C. Penney, Macy's, and Nordstrom, saw overall sales decline 1.8% from Nov. 1 through Dec. 24, according to Mastercard Spending Pulse, which tracks retail spending across all payment methods.

More shoppers are expected to have turned to retailers like Target and Walmart — which aren't at traditional malls — for apparel, electronics, and other gifts. Many rung up purchases on Amazon as well. The e-commerce giant has already claimed 2019 was a record holiday.

Kohl's has teamed up with Amazon, however, to accept returns of items purchased on Amazon at all of its stores. To try to reap any benefits, it offers discounts when people use the service. This past holiday season was the first in which the partnership was live at all of Kohl's stores nationwide. It was expected to be a boon to traffic.

Kohl's is expected to share more details regarding its holiday results when it reports quarterly earnings on March 3.

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2020-01-09 12:17:00Z
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