AutoX, the autonomous vehicle startup backed by Alibaba, has been granted a permit in California to begin driverless testing on public roads in a limited area in San Jose. The permit will allow AutoX to test its autonomous vehicles without a human safety driver behind the wheel. This is the third company to receive a… Continue reading Autonomous vehicle startup AutoX lands driverless testing permit in California
Author: Tech Crunch Online News
Navistar teams up with TuSimple to produce self-driving trucks by 2024
Navistar and TuSimple deepened their two-year relationship on Wednesday, announcing plans to develop and begin producing autonomous semi trucks by 2024. The strategic partnership includes Navistar taking an undisclosed stake in self-driving trucks startup TuSimple. The plan is to move away from retrofitting the Navistar International commercial trucks that TuSimple currently uses and instead develop… Continue reading Navistar teams up with TuSimple to produce self-driving trucks by 2024
Harley-Davidson’s ‘Rewire’ plan starts with 700 jobs cuts, ousted CFO
Harley-Davidson, the storied and struggling Milwaukee-based company that last year launched its first production electric motorcycle in an effort to reboot sales and appeal to a younger customer base, is cutting 700 jobs from its global operations. About 500 workers will be laid off before the end of the year, the company said Thursday. The… Continue reading Harley-Davidson’s ‘Rewire’ plan starts with 700 jobs cuts, ousted CFO
Karma Automotive raises $100 million as it looks to resell it EV platform to other automakers
Karma Automotive has raised a $100 million lifeline from outside investors, as reported by Bloomberg, with the struggling electric vehicle maker’s fortunes likely buoyed by the current market optimism on other EV companies including Tesla. Karma is the reincarnated version of Fisker Automotive, which previously faced bankruptcy before being acquired by Wanxiang Group in 2014.… Continue reading Karma Automotive raises $100 million as it looks to resell it EV platform to other automakers
Lime puts Jump bikes back on London streets
Jump bikes are returning to London — this time through its new owner Lime. London is the first city in Europe to see Jump bikes return since Uber offloaded the company to Lime in a complex deal that unfolded in May. Lime raised $170 million in a funding round led by Uber, along with other… Continue reading Lime puts Jump bikes back on London streets
Velodyne becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path
Velodyne Lidar, the leading supplier of a sensor widely considered critical to the commercial deployment of autonomous vehicles, said Thursday it has struck a deal to merge with special-purpose acquisition company Graf Industrial Corp., with a market value of $1.8 billion. The company said it was able to raise $150 million in private investment in… Continue reading Velodyne becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path
Ford taps Disney Media Works to mark the return of the Bronco SUV
Ford is teaming up with Disney Media Networks to mark the return of its iconic Bronco SUV through a series of short films that will be broadcast across a number of cable and digital properties including ABC, ESPN, National Geographic and Hulu. The strategy — prompted by COVID-19 shutdowns — is a departure for Ford,… Continue reading Ford taps Disney Media Works to mark the return of the Bronco SUV
BMW wants to sell you subscriptions to your car’s features
BMW today announced a number of updates to its in-car software experience during a VR press event, complete with a virtual drive through Munich to show off some of these features. These new updates will come to most recent BMWs that support the company’s Operating System 7 later this year — and new cars will… Continue reading BMW wants to sell you subscriptions to your car’s features
Bolt launches electric bike-sharing service in Paris
Like other ride-hailing companies, Bolt has been suffering from the coronavirus-related lockdown and economic downturn around the world. But the company is trying to find another revenue stream by launching electric bikes in Paris. Bolt plans to launch a similar service in other European capitals this year. For the past couple of weeks, the only… Continue reading Bolt launches electric bike-sharing service in Paris
E-scooter firms get the green light to start trials of up to one year on UK streets
In light of COVID-19 and social distancing regulations, the U.K. has been working on making it easier for people to get from point A to B in cities without resorting to buses and trains or bringing more cars to congested roads, and today that strategy took an interesting leap forward. The country’s Department for Transport… Continue reading E-scooter firms get the green light to start trials of up to one year on UK streets