Months after the firm was thought to have cooled its 'Project Titan' automotive ambitions, Apple has received a permit to test autonomous vehicles on California roads. The Department of Motor Vehicles in the company’s home state ...
German automaker Volkswagen said it will launch a new range of avant-grade electric vehicles in the near future. The company plans to showcase a crossover concept vehicle at the Auto Shanghai 2017 between April 19 and 29. The launch is ...
Tags: Volkswagen, Electric Vehicles
On 31 March, South Korean LED maker Seoul Semiconductor Co Ltd (SSC) filed a patent infringement lawsuit in Germany in the District Court of Düsseldorf against global electronic component distributor Mouser Electronics Inc asserting ...
Tags: Semiconductor, LEDs
US ride-hailing firm Lyft has raised $600m in new round of financing at a $7.5bn valuation. The investors in the funding round include KKR, Baillie Gifford, Alliance Bernstein, Canada’s Public Sector Pension Investment Board (PSP) ...
Tags: Lyft, self-driving car
Ride-hailing company Lyft has reportedly raised $500m in a new round of funding that valued the company at about $7.5bn. Uber's rival has been trying to raise investment for some time to enter new markets. In the first quarter of this ...
Tags: Lyft, Ride-hailing
Daimler and Bosch are partnering to speed up the development of self-driving cars. The two companies have signed a development agreement to bring fully automated (SAE Level 4) and driverless (SAE Level 5) driving to urban roads by the ...
Tags: Daimler, Driverless System
German private equity firm, Deutsche Beteiligungs (DBAG) is looking to have a major presence in the European chilled convenience product market after agreeing to acquire Abbelen and Oscar Mayer through its top-up fund, DBAG Fund VII. ...
Tags: ready meals, snacks
Audi and Porsche, the subsidiaries of Volkswagen plan to join forces in the development of next generation mobility, which could include electrification, connected and autonomous driving. This will enhance competitiveness so that the two ...
Tags: Audi, Volkswagen
The UK Government has launched the first competition to access funding from its £100 investment program supporting the creation of test facilities for connected and autonomous vehicles (CAV). According to the Business, Energy and ...
Tags: CAV, autonomous vehicles
Last year, following a ton of speculation, it emerged Apple may have scaled back its self-driving car ambitions, after many expected it to announce its own autonomous vehicle. A Bloomberg report from October claimed the iPhone maker had ...
US automaker Ford Motor is investing $1.2bn in three manufacturing facilities in Michigan to prepare for production of the new Ranger and Bronco vehicles. Of the total amount, the automaker plans to invest $850m on Michigan assembly plant ...
Tags: Ford Motor, Auto Plants
UK-based Tamar Packaging Solutions has purchased Edale 7-color FL5-510 carton press in a bid to improve its operational efficiency. The carton press with combination drying is being installed at Tamar's food contact packaging facility, ...
Tags: Tamar Packaging, Packaging
US chip giant Intel has agreed to acquire Israeli driverless technology company Mobileye in a deal worth about $15.3bn. Intel has agreed to pay about $63.54 per share under the deal, which is expected to close by the end of this year. ...
Ride-hailing company Uber has reportedly suspended its self-driving car tests, after one of the vehicles met with an accident in the City of Tempe, Arizona, US. The accident involved a Volvo SUV from Uber, which was carrying two engineers ...
Tags: Self-Driving Cars, Uber
Japanese automaker Nissan is demonstrating its seamless autonomous mobility (SAM) system at CeBIT computer expo in Germany. The SAm system, which was developed from NASA, was initially demonstrated at this year’s CES. SAM works in ...
Tags: Nissan, Autonomous Mobility System