HERE Technologies and Mitsubishi Electric have unveiled plans to link their technologies for autonomous vehicles into an integrated offering for automakers. Under the preliminary deal, the companies intend to provide services to support ...
UK-based auto-spare parts supplier Delphi Automotive has agreed to acquire self-driving car startup nuTonomy for $450m. The deal includes an upfront price of $400m and an earn-out of $50m. nuTonomy was founded in 2013 by Karl Iagnemma ...
CapitalG, a growth investment fund under Alphabet has led $1bn round of investment in ride-hailing company Lyft. With this investment, Lyft’s valuation has gone up to $11bn. CapitalG’s partner David Lawee will be joining ...
Tags: CapitalG, Rival Lyft
General Motors (GM) has is advancing self-driving vehicle deployment acquired with the purchase of Strobe. Financial details about the deal were not disclosed. As part of the acquisition, Strobe’s engineering team will be ...
Chinese search engine giant Baidu has created a new CNY10bn ($1.5bn) Apollo Fund to invest in more than 100 new and emerging autonomous driving projects in the next three years. The company has also released Apollo 1.5, its latest ...
Tags: Autonomous Driving, Apollo
The US House has approved a proposal to accelerate the deployment of self-driving cars. The bill, known as the Self-Drive Act, is yet to become a law. When enacted, the law will enable auto-makers and tech companies to test 25,000 ...
Pro Mach’s subsidiary Orion will showcase a range of stretch wrapping solutions at the Pack Expo event in Las Vegas, US. The event will take place between 25 and 27 September. At the event, the company will showcase new AG360 ...
Japanese automaker Nissan has unveiled a longer-range version of its Leaf electric vehicle (EV). The company has so far sold more than 112,000 Leaf EVs in the US and over 283,000 globally. The new model of the electric vehicle will be ...
German plastics manufacturing company Covestro will present material solutions for customers from very different industries at Fakuma trade fair in Germany. At the trade show the company will showcase hundreds of samples for its ...
Fiat Chrysler Automobiles (FCA) will join an alliance led by BMW to develop an autonomous driving platform, which can be used by multiple automakers across the world. FCA signed a memorandum of understanding with BMW Group, Intel and ...
Mobileye, a subsidiary of chip-maker Intel, said that it will build a fleet of 100 level 4 SAE vehicles which will be tested across the US, Europe and Israel. The vehicles will be fitted with the technology developed by Mobileye including ...
Tags: Self-Driving Vehicles, Intel
Electric car maker Tesla Motors has delivered the Model 3 small car to its first 30 customers. The electric car comes at a starting price of $35,000 and offers around 220 miles (about 354km) of range on a single charge. Though the Model ...
Tags: Tesla Motors, Electric car
Osram of Munich, Germany has made an investment (in the mid double-digit million euros range) to acquire a strategic 25.1% stake in LeddarTech Inc of Québec, Canada, which was founded in 2007 and has developed patented Leddar LiDAR ...
Tags: Osram, LiDAR sensing technology
Self-driving vehicle technology developer Nauto has closed a $159m series B financing round for its growth and global expansion. A subsidiary of SoftBank and Greylock Partners led the round. Others participating in the round were ...
Continental has showcased its Cruising Chauffeur, a self-driving car platform which provides an insight into the company’s vision of the future of what it calls “highly automated driving” on highways. Highly automated ...
Tags: Continental, Automated Driving