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Tire pressure sensors work as intended, AAA says … but keep a gauge on hand, too

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Don’t leave home without it.

That’s one of the meaningful recommendations delivered to drivers in a new study on tire pressure by the American Automobile Association: Keep “a dependable old-school manual” tire pressure gauge in the glove box.

Since 2008, Tire Pressure Monitoring Systems have been federally-mandated equipment in all passenger vehicles under 10,000 pounds sold in the U.S. The systems — there are two types — are generally accurate in determining if the air pressure in a specific tire is dangerous low, the study confirmed, finding that “no significant error in displayed tire pressure readings was noted for any vehicles evaluated within the study.’’

But AAA engineers still encourage drivers to “check tire pressure manually. They are the only part of your car in contact with the road, and proper inflation is the key to safety and better gas mileage.”

A handheld pressure gauge is a relatively modest investment, with many selling for $10 to $22 on Amazon.

The AAA said that it evaluated 11 randomly selected passenger vehicles, 2022-2024 models including sedans, pickups, and SUVs, with “direct” TPMS, which uses air pressure sensors mounted in each wheel. According to the AAA study, the average percentage difference between displayed and actual tire pressure was between 1.2 percent and minus-1.5 percent, depending on tire location.

Additionally, on five of 11 test vehicles, the amber warning TPMS light illuminated when tires were underinflated to 75  percent of the posted pressure (located on the sticker inside the door jam). Five of the six remaining test vehicles illuminated the TPMS warning dashboard light when tires were deflated to 70.3 to 72.9 percent of posted pressure, depending on the test vehicle.

The study warned that the TPMS lights only illuminate when one or more tires are severely underinflated, “so drivers should regularly check the displayed tire pressure at each corner. In addition, not all vehicle TPMS systems provide pressure readings. Some systems, especially on older vehicles, only have a warning light if one or more tires are low.”

“Tires are the unsung heroes of your car,” said Greg Brannon, AAA’s director of automotive engineering. “They are designed to work best when properly inflated. Our research found that the pressure monitoring systems that provide data for instrument displays or trigger the amber dashboard warning worked as intended. But we recommend always having a dependable old-school manual pressure gauge to check them once a month.”

Read the full report for methodology details, including specific vehicle makes/models, tire brands and specifications, and testing equipment.

2024 GMC Canyon AT4X AEV Edition First Drive Review: The business-class Bison

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Continue reading 2024 GMC Canyon AT4X AEV Edition First Drive Review: The business-class Bison

2024 GMC Canyon AT4X AEV Edition First Drive Review: The business-class Bison originally appeared on Autoblog on Mon, 23 Oct 2023 10:00:00 EDT. Please see our terms for use of feeds.

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Buick Enclave spy photos reveal curvy, minimal interior

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Buick Enclave spy photos reveal curvy, minimal interior originally appeared on Autoblog on Tue, 17 Oct 2023 17:30:00 EDT. Please see our terms for use of feeds.

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GM delaying additional Silverado EV and Sierra EV production to Q4 2025

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Continue reading GM delaying additional Silverado EV and Sierra EV production to Q4 2025

GM delaying additional Silverado EV and Sierra EV production to Q4 2025 originally appeared on Autoblog on Tue, 17 Oct 2023 16:30:00 EDT. Please see our terms for use of feeds.

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The UAW’s ‘record contract’ hinges on pensions, battery plants

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The UAW’s ‘record contract’ hinges on pensions, battery plants originally appeared on Autoblog on Thu, 12 Oct 2023 09:45:00 EDT. Please see our terms for use of feeds.

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AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus

AI-powered parking platform Metropolis today announced that it raised $1.7 billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt.

Eldridge Capital and 3L capital co-led the tranche with participation from BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, Temasek, Slow Ventures and Assembly Ventures. As a part of the financing, Metropolis will take on $650 million in loans and $1.05 billion in Series C preferred stock financing.

Metropolis will pay roughly $1.5 billion for SP Plus “while retaining significant capital on its balance sheet,” Metropolis co-founder and CEO Alex Israel said in a press release. Prior to the latest fundraise, Metropolis had raised $226 million in total.

“Today, we announced a transformational acquisition that represents both a new paradigm in how technology companies grow and a significant step forward in offering consumers a remarkable experience,” Israel continued. “SP Plus is a phenomenal business whose operational excellence, talented leadership team and high customer satisfaction levels have long made it a key partner to real estate owners across North America. The combined platform will seek to bring checkout-free payment experiences to consumers.”

Israel, a serial entrepreneur who sold his last company, ParkMe, to Intrix in 2015, founded Metropolis in 2017. The company equips existing parking structures with a computer vision system that enables customers to “drive in and drive out” without having to swipe a credit card or pay with cash.

To use a Metropolis parking facility, customers have to provide their name, license plate, phone number and payment method. From an app, they can review their visit and know the price in real time. Metropolis tracks cars and automatically charges the owners, emailing the receipt after they drive out.

In SP Plus, Metropolis gains an established, publicly traded business with a massive parking footprint across the U.S. and Canada. SP Plus owns more than two million parking spaces and manages over 3,300 parking facility locations, as well as parking and shuttle bus operations at 160 airports.

It’s another step toward vertical integration for Metropolis, whose infrastructure was powering around 600 parking facilities as of June 2022. Following its acquisition of Premier Parking last year, a Nashville-based company that operates parking garages and spaces around the U.S., and now SP Plus, Metropolis claims to have operations in more than 360 cities, millions of customers and over $4 billion in processed payments annually.

“While transforming the parking experience is our focus and priority today, as we deploy our proven technology we see opportunity to offer checkout-free transaction experiences at even more places people go,” Israel said in the press release. “From gas and electric vehicle-charging stations to drive-thrus and car washes, as well as retail stores, our computer vision platform enables people to transact in the physical world with even greater ease than we experience online.”

In recent years, Metropolis has stepped up investment on the analytics, sales and marketing side of the business, where it sees a large addressable market. For example, the startup — which recently announced a team-up with Uber to launch Uber Park — uses insights from its platform to inform staffing, pricing and maintenance at parking facilities, also partnering with local businesses like grocery stores, coffee shops and other merchants for in-app promotions.

“This transaction delivers immediate and certain value to our stockholders at a substantial premium to current and historical trading levels,” SP Plus chairman and chief executive Marc Baumann said in a statement. “We expect the transaction to offer an exciting path forward for our team members, partners, clients and consumers in the U.S. and abroad. While our technology offerings are successfully fulfilling client and market demand, with increased investment, we see the opportunity to accelerate the technology roadmap for the benefit of our clients and their customers.”

At $54 per share in cash, Metropolis’ acquisition — which will take SP Plus private — represents a 52% premium over SP Plus’ closing stock price on October 4. The transaction has been unanimously approved by Metropolis’ and SP Plus’ boards of directors and is expected to close in 2024, the companies say, subject customary closing conditions, regulatory approvals and the approval of SP Plus’ stockholders.

It’s unclear how many of SP Plus’ approximately 20,000 team members will join Los Angele-based Metropolis’ workforce, which totals around 2,000 employees, following the deal.

Buick Envista, Mercedes C 43 and GLS, and Goodwood Revival | Autoblog Podcast #801

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Plus Audi R8 and Alfa Romeo 4C successor rumors

Continue reading Buick Envista, Mercedes C 43 and GLS, and Goodwood Revival | Autoblog Podcast #801

Buick Envista, Mercedes C 43 and GLS, and Goodwood Revival | Autoblog Podcast #801 originally appeared on Autoblog on Fri, 6 Oct 2023 15:06:00 EDT. Please see our terms for use of feeds.

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2024 Buick Envista Review: Looks like $60,000, costs less than $30,000

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2024 Buick Envista Review: Looks like $60,000, costs less than $30,000 originally appeared on Autoblog on Thu, 5 Oct 2023 10:00:00 EDT. Please see our terms for use of feeds.

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2024 Buick Envista Review: Looks like $60,000, costs less than $30,000

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Continue reading 2024 Buick Envista Review: Looks like $60,000, costs less than $30,000

2024 Buick Envista Review: Looks like $60,000, costs less than $30,000 originally appeared on Autoblog on Thu, 5 Oct 2023 10:00:00 EDT. Please see our terms for use of feeds.

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GM’s Ultium EV platform finally shows up in Q3 sales numbers

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GM’s Ultium EV platform finally shows up in Q3 sales numbers originally appeared on Autoblog on Wed, 4 Oct 2023 11:26:00 EDT. Please see our terms for use of feeds.

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