Author: Google News Scanning

$3.2 Billion Autonomous Car Startup Zoox Suddenly Fired Its CEO and Won’t Explain Why

Tim Kentley-Klay has been ousted as CEO of high-profile self-driving car startup Zoox. Kentley-Klay was voted out by Zoox’s board, Bloomberg reported. He had no prior experience in cars or artificial intelligence before founding Zoox in 2014 with Jesse Levinson. Zoox has already started searching for a replacement for Tim Kentley-Klay, who cofounded the Silicon… Continue reading $3.2 Billion Autonomous Car Startup Zoox Suddenly Fired Its CEO and Won’t Explain Why

Scania resumes V8 engine production after supplier strike

Scania has started reducing its backlog of truck, industrial and marine engine orders built up after a delivery and order stop caused by a lengthy strike at one of the manufacturer’s main casting suppliers. “This is probably the worst disruption that has hit our company in many decades when it comes to supply disturbances,” said Scania Trucks SVP,… Continue reading Scania resumes V8 engine production after supplier strike

The founder of $3.2 billion startup Zoox says that he was ousted as CEO ‘without a warning’ because ‘the board chose …

The CEO of Zoox has left in a management shake-up at the the high-profile, well-funded, and idiosyncratic self-driving car startup. Zoox has already started searching for a replacement for Tim Kentley-Klay, who cofounded the Silicon Valley-based company, a source close to Zoox told Business Insider. In the meantime, it has named board member Carl Bass… Continue reading The founder of $3.2 billion startup Zoox says that he was ousted as CEO ‘without a warning’ because ‘the board chose …

Stealthy Self-Driving Startup Ghost Locomotion Raises $15 Million, Filings Show

The SF Bay Area is home to a lot of self-driving car initiatives. Some startups, like Zoox, are trying “to make the whole widget” by designing a car and its tech from bumper to bumper. Follow Crunchbase News on Twitter Ghost Locomotion, a rather stealthy startup based out of Mountain View, appears to be taking… Continue reading Stealthy Self-Driving Startup Ghost Locomotion Raises $15 Million, Filings Show

VW Approached Self-Driving Startup Aurora

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Lyft and Aptiv have completed 5000 paid trips in their self-driving taxis

Lyft and self-driving technology company Aptiv have been operating a small fleet of self-driving cars in Las Vegas since the Consumer Electronics Show last January. And today, the companies say they’ve reached a new milestone in their partnership: 5,000 paid rides. Lyft and Aptiv claim to be operating the only commercial robot taxi service in… Continue reading Lyft and Aptiv have completed 5000 paid trips in their self-driving taxis

Supply Of New Myvi Disrupted, 3000 Customers Affected

Production of Perodua’s, and perhaps Malaysia’s best selling car, the new Myvi, has been temporarily halted at the company’s Rawang production facility. The company said that a supply disruption at one of its vendors will affect some 3,000 customers that were scheduled to take delivery of their new Myvi before the end of August. Production… Continue reading Supply Of New Myvi Disrupted, 3000 Customers Affected

From a valuation of $1.8 to $30 billion in just eight years – Volvo Cars’ IPO plan looks like a spectacular success story …

The IPO plans for Volvo Cars are moving ahead as the valuation indicated by investors reaches Zhejiang Geely’s target level, according to the Financial Times. In July, Bloomberg reported that Geely was planning a stock-market listing of Volvo Cars as early as fall 2018, but initial feedback from institutional investors fell short of the Chinese… Continue reading From a valuation of $1.8 to $30 billion in just eight years – Volvo Cars’ IPO plan looks like a spectacular success story …

MAHLE plans acquisition of Hella’s shares in the joint venture Behr Hella Service, transitional period until December 31 …

The MAHLE Group plans to acquire all the shares in Behr Hella Service GmbH, its current joint venture with Hella, and to distribute Behr Hella Service products via its own Aftermarket organization. This step will further strengthen MAHLE’s position in thermal management. Following a transitional period, MAHLE intends to manage the spare parts business for… Continue reading MAHLE plans acquisition of Hella’s shares in the joint venture Behr Hella Service, transitional period until December 31 …