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Lyft Secures $500m Funding at $7.5bn Valuation

Apr 10, 2017

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

Volvo Showcases New XC60 SUV at Geneva Motor Show

Mar 14, 2017

Volvo Cars has unveiled the new XC60 premium SUV at the Geneva Motor Show. The new car is replacement of the company's original XC60, the mid-sized SUV, which sold nearly a million units globally. The new SUV features a City Safety ...

Tags: Geneva Motor Show, XC60 SUV

Verso Reveals Strategic Initiatives to Reorganize Business

Nov 17, 2016

Verso has announced strategic initiatives to reduce costs and improve its overall operating and financial performance. The US-based printing paper and specialty paper producer has deviced three strategic initiatives, which also includes ...

Tags: Verso, specialty paper units

Daimler Shows off Vision of Future at IAA Show

Sep 27, 2016

Hannover, Germany — Daimler Trucks kicked off the IAA international Commercial Vehicle Show by focusing on the future of the urban city, with the unveiling of its Urban eTruck. It also highlighted and expanded upon its recent ...

Tags: Daimler, IAA show, Urban eTruck

Volvo Begins Public Autonomous Driving Experiment in Gothenburg

Sep 20, 2016

Swedish automaker, Volvo has started, Drive Me, a public autonomous driving experiment in the city of Gothenburg. The autonomous Volvo XC90 SUV was finalized in Volvo Cars’ special manufacturing facility in Torslanda and is the ...

Tags: Volvo, Drive Me, public autonomous driving experiment

Daimler Trials Semi-Autonomous Mercedes-Benz Bus in Netherlands

Aug 3, 2016

Daimler has trialed a semi-autonomous Mercedes-Benz bus on a 20km drive through Amsterdam in the Netherlands. The Future Bus undertook a manned trip via a section of a bus rapid transit (BRT) line at speeds of about 70km/h using the ...

Tags: Daimler, Semi-Autonomous, Mercedes-Benz Bus

Tesla Motors CEO Elon Musk Reveals Latest Masterplan

Jul 28, 2016

Tesla Motors CEO Elon Musk has revealed his second part of his self-titled masterplan, which intends to take the automaker to the next level. Musk in his official Tesla blog started by reminding about this first Master Plan where he ...

Tags: Tesla Motors, automaker

DENSO Invests in Laser Technology Startup Trilumina

Apr 11, 2016

DENSO International America Inc of Southfield, MI, USA (a subsidiary of Japan-based automotive technology, system and component supplier DENSO Corp) has invested in TriLumina Corp of Albuquerque, NM, USA, which manufactures and integrates ...

Tags: VCSEL, DENSO, LiDAR

Acura Unveils 2017 Acura MDX with Sport Hybrid Powertrain

Mar 30, 2016

Honda’s luxury vehicle division Acura has unveiled its new SUV, the 2017 Acura MDX with sport hybrid powertrain and upgraded features. The new SUV, unveiled at the 2016 New York International Auto Show is powered by a 3.0 liter ...

Tags: Honda, Luxury vehicle, Acura, SUV, Acura MDX, Sport Hybrid Powertrain

More Than Half of New Cars in UK Come with Autonomous Safety Features

Mar 30, 2016

Fully-functional self-driving vehicles may still take time to hit the roads but customers in the UK are buying cars with self-activating safety systems. A recent study conducted by the Society of Motor Manufacturers and Traders (SMMT) ...

Tags: SMMT, Autonomous safety features, Self-driving, JATO Dynamics data

Uber Reportedly Orders 100, 000 Autonomous Cars For Its Fleet

Mar 22, 2016

According to several reports, Uber is planning to buy or has already placed a huge order to buy Mercedes-Benz S-class cars. Reports suggest that the ride-hailing company is planning to have fleet of self-driving cars by 2020. With this ...

Tags: Uber, Mercedes-Benz S-class cars

Nissan to Produce Semi-Autonomous Qashqai at Sunderland Plant in UK

Mar 13, 2016

Nissan has announced that it will produce Qashqai crossover with semi-autonomous driving technology at its Sunderland plant in the UK. This will be the first car from Nissan that will feature partial self-driving technology. The ...

Tags: Nissan, Semi-Autonomous Qashqai

Ford Will Put Self-Driving Cars on Actual Roads in 2016

Dec 21, 2015

Ford will begin testing self-driving cars on public roads in California next year. Fully autonomous Ford Fusion Hybrid sedans will take to the streets after the company secured a permit to begin testing the vehicles on public roads in ...

Tags: Ford, self-driving cars, Consumer Electronics

Volvo Unveils S90 Sedan Ahead of Auto Show Debut

Dec 8, 2015

Swedish automaker Volvo has unveiled S90, the sedan version of its previously released XC90 SUV. The automaker, which is known for manufacturing SUVs is trying to revamp its entire lineup by 2019, and enter into the sedan segment with the ...

Tags: Volvo, S90 Sedan, Auto Show

Baidu to Enter The Driverless Car Segment Later This Year

Jun 15, 2015

Chinese Internet services firm Baidu is planning to enter the driverless car segment later this year with its own version, marrying computer technology with artificial intelligence. The self-driving car, with which the web behemoth ...

Tags: Baidu, Driverless Cars

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