SELF-DRIVER: Volvo Car Corp. plans to sell a self-driving vehicle to consumers in five years.
Volvo CEO Hakan Samuelsson says the car will have a steering wheel, but consumers can pay $10,000 extra for a full autopilot system that will let them relax while the car drives itself.
Samuelsson says Volvo is already making early versions of the vehicles. They’ll be tested on public roads in Sweden next year and in London and China in 2018.
Volvo’s consumer-focused strategy differs from rivals. Ford Motor Co. plans a self-driving car in five years, but it will go into car-sharing fleets.
Samuelsson says self-driving capability is a way to make its cars more premium. Separately, it’s working with Uber to develop shared autonomous vehicles.
Samuelsson spoke Thursday at a mobility conference near Detroit.
SUED: ExxonMobil is being sued by a Boston-based environmental group that says the company has polluted the Mystic River and failed to consider the potential impacts of climate change.
The lawsuit filed in federal court on Thursday by Conservation Law Foundation accuses the petroleum company of violating the Federal Clean Water Act and other federal environmental laws in operating its Everett, Massachusetts, fuel terminal.
The lawsuit alleges the company has ignored an “imminent” threat posed by rising sea levels, which could leave much of the terminal underwater in the event of a hurricane or other major storm.
In a statement, ExxonMobil said it would fight the lawsuit, calling it an attempt to “promote a political agenda” through the courts.
The foundation announced its intent to file suit in May.
REUNITED: Media mogul Sumner Redstone is pushing for a reunion between CBS and Viacom, more than a decade after they went their separate ways.
National Amusements, which owns most of the voting shares of the two companies, sent a letter to CBS and Viacom board members Thursday saying that a tie-up would help the two companies to better compete as technology and the entertainment industry rapidly evolve.
National Amusements is a movie theater operator run by Redstone, who orchestrated the split of CBS and Viacom in 2006.
It was hoped that separation would allow the more profitable Viacom, which owns cable channels MTV, Nickelodeon and VH1, to sprint ahead of the storied but slow-growing CBS.
Those tides have turned as more and more people cut the cable cord, choosing instead to stream TV shows or movies online at places like Netflix, Hulu, iTunes and Amazon.com.
The success CBS has had streaming its shows, as well as its stand-alone, streaming Showtime channel, could be invaluable at Viacom, said Nomura analyst Anthony DiClemente.
The streaming services could even fall under a single umbrella, DiClemente said.
Viacom said it expects its board will form a special committee of independent directors to consider the letter from parent company National Amusements. CBS said it will evaluate what is in the best interest of its shareholders.
BACK ON LINE: The Philadelphia area’s commuter rail service will resume a normal schedule Monday, three months after a third of its coaches were sidelined due to defects in their suspension systems.
The Southeastern Pennsylvania Transportation Authority said Thursday that more than 50 of the 120 cars sent to the repair shop will be available for service starting next week.
To return to a regular schedule, SEPTA will also continue using cars it has leased from other agencies, including Amtrak and New Jersey Transit.
SEPTA had to repair its Silverliner V fleet due to cracks found in equalizer beams, which distribute the weight of vehicles to their axles.
A reduction in seats and delays caused a drop in ridership this summer from the typical 65,000 commuters each way per day.