Tuesday, May 11, 2021
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.
Key Developments
2021 U.S. light vehicle sales forecast to 17 million units following April sales results, which reached a
SAAR of over 18 million units.
New-vehicle inventories fell to 1.9 million units industrywide in April, down from 2.4 million units in March - this represents a
33 days’ supply, compared to 88 days one year ago.
U.S. fleet sales were down by 16% for January - April compared to the same period last year, and
31% lower from the same period in 2019, according to Cox Automotive.
Measured by global lost vehicle production,
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U.S. LAWS AND REGULATION
Federal
FTC Publishes AI Best Practices. Building upon its April 2020 guidance on Using Artificial Intelligence and Algorithms, on April 19, the FTC published new guidance focused on how businesses can promote truth, fairness, and equity in their use of AI. While recognizing the potential benefits of AI, the guidance stresses the need to avoid inadvertently introducing bias or other unfair outcomes. As a basis for its best practices and lessons learned for using AI, the guidance cites
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Do you want a simple way to keep current on important privacy
changes? Avoid sleepless nights wondering whether you missed a
privacy speed bump or pothole between annual updates? Worry no
longer. Troutman Pepper is pleased to offer
More Privacy,
Please a monthly newsletter recapping significant
industry and legal developments, as well as trends in the areas of
cybersecurity, information governance, and privacy.
U.S. LAWS AND REGULATION
Federal
FTC Publishes AI Best Practices. Building
upon its April 2020 guidance on Using Artificial Intelligence and Algorithms,
EXCLUSIVE-Waymo, Cruise seek permits to charge for self-driving car rides in San Francisco Reuters 5/11/2021
By Hyunjoo Jin and Paresh Dave
Research
Volvo
BERKELEY, Calif., May 11 (Reuters) - Alphabet Inc’s Waymo and rival Cruise have applied for permits needed to start charging for rides and delivery using autonomous vehicles in San Francisco, state documents reviewed by Reuters showed, setting the stage for the biggest tests yet of their technology in a dense urban environment.
Neither company revealed when they intend to launch services. But they detailed contrasting deployment plans, with Waymo starting with drivered operations and Cruise expecting to deploy vehicles without humans behind the wheel.
Government to sell another 5pc stake in NatWest
The Government is due to sell another 5pc stake in NatWest, taking British taxpayers closer to ending their status as the bank s majority shareholder.
The sale, which starts with immediate effect as of this afternoon s announcement, is expected to be of about 580m shares with the price determined by demand from institutional investors.
It will reduce HM Treasury s holding from just under 60pc, to just under 55pc of the bank. This would mark the Government s lowest stake since it bailed NatWest out for £45.5bn in the autumn of 2008.
Barclays, Citigroup, Goldman Sachs and Morgan Stanley are acting as joint bookrunners.