(Bloomberg) --Maserati will be the first of Fiat Chrysler Automobiles NV’s brands to use self-driving technology being developed with BMW AG, Fiat chairman John Elkann said in a speech in Turin.
The technology will offer assisted-driving features on highways, Elkann told an industry group Monday, without specifying a date for deployment in Maserati vehicles.
Fiat Chrysler joined the self-driving technology consortium led by BMW in 2017. It also has autonomous vehicle development partnerships with Alphabet Inc.’s Waymo LLC and auto supplier Aptiv Plc.
Luxury sports-car brand Maserati, which saw its sales plunge 32% in the first three months of the year, has been struggling with a lack of new product and a sharp drop in demand from China.
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.