It will also reportedly increase its 51 percent stake in Lotus with its Malaysian partner Etika Automotive, which holds the remaining 49 percent stake. “Geely is fully committed to restoring Lotus into being a leading global luxury brand,” the company responded in a statement when asked about the investment but refused to comment further. Geely… Continue reading Geely Wants To Turn Lotus Into A Luxury Porsche Rival
Author: Google News Scanning
Self-Driving Truck Startup Kodiak Secures $40 Million in Series A
Even though Uber Technologies recently abandoned its self-driving truck program, a company started by individuals with ties to Otto, the self-driving technology company acquired by Uber, and Google’s self-driving car team, has received financial backing to continue the development of systems that will allow trucks to be retrofitted to drive autonomously. Kodiak Robotics, founded in… Continue reading Self-Driving Truck Startup Kodiak Secures $40 Million in Series A
BMW Could Cut 3 Series GT By 2020
by Sean Murray – on Aug 09, 2018 in Motor Hub BMW may terminate the 3 Series GT hatchback after this current generation has run its course. At one point in the near past, hatchbacks were all the rage. If you were a compact carmaker, then it had a hatch instead of a trunk almost… Continue reading BMW Could Cut 3 Series GT By 2020
Geely Mulls $1.9 Billion Revival Plan for Lotus Cars
LISTEN TO ARTICLE SHARE THIS ARTICLE The Chinese owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter. Zhejiang Geely Holding Group Co., which also controls Volvo Car Group, plans to… Continue reading Geely Mulls $1.9 Billion Revival Plan for Lotus Cars
Apple’s AR windshields could soothe anxious passengers and let you FaceTime with friends
Self-driving cars from Apple could have AR displays.Image: ROBYN BECK/AFP/Getty Images By Sasha Lekach2018-08-09 01:35:35 UTC Your car could act a lot more like your iPhone in the future — at least according to Apple patent filings for an augmented reality windshield. Patently Apple found a European patent application for a windshield display that presents… Continue reading Apple’s AR windshields could soothe anxious passengers and let you FaceTime with friends
UPDATE 2-Auto parts maker Magna hit by trade dispute; cuts outlook
(Adds comments by CEO and CFO, adds analyst comment, industry background, updates share price.) Aug 8 (Reuters) – Canadian auto parts maker Magna International Inc on Wednesday lowered its full-year production outlook for North America, and revised downward its global sales, hurt in part by U.S. tariffs and other “headwinds” during the quarter, sending its… Continue reading UPDATE 2-Auto parts maker Magna hit by trade dispute; cuts outlook
Wipro, Genesys sign pact for autonomous car solutions
BENGALURU: Software services major Wipro and Genesys International Corporation have signed a pact to develop solutions for autonomous vehicles. While Genesys will use its core strength and the expertise to develop high definition maps and content, Wipro will develop the navigational and control technology for autonomous system and smart mobility companies, said Genesys in a… Continue reading Wipro, Genesys sign pact for autonomous car solutions
Scale raises $18 million to label data from autonomous car companies like Lyft and Embark
Autonomous cars need data. Lots of data. According to research conducted by the Rand Corporation, they’ll have to drive hundreds of millions or even billions of miles to demonstrate their safety. Companies like Waymo are well on their way; the average self-driving vehicle is projected to generate more than 300 terabytes per year. But collecting data isn’t the only… Continue reading Scale raises $18 million to label data from autonomous car companies like Lyft and Embark
Production slowdown at Opel raises renewed questions over carmaker future
Video PlayerClose BERLIN, Aug. 3 (Xinhua) — German carmaker Opel has been forced to throttle the pace of production on its assembly lines due to weaker than expected sales, the newspaper Mainzer Allgemeine Zeitung reported on Friday. Responding to the report, the Ruesselsheim-based company merely confirmed that vehicle manufacturing output was regularly adjusted in response… Continue reading Production slowdown at Opel raises renewed questions over carmaker future
General Motors Brings Back The Legendary Tripower Name
GM’s new 2.7-liter four-cylinder looks like an impressive engine. It produces 310 hp and 348 lb-ft of torque and can achieve better torque and fuel economy than the V6 model. The Tripower name now refers to three fuel-saving technologies in the engine. The first is the ability to shut down two cylinders at cruising speeds… Continue reading General Motors Brings Back The Legendary Tripower Name