Tesla has not received a formal proposal from its founder Elon Musk to take the company private, its board of directors has said. The electric carmaker said it had created a special committee of three directors to evaluate any such proposal. Mr Musk announced on Twitter on 7 August that he was considering taking Tesla… Continue reading Tesla: ‘No formal proposal’ to go private
Category: News Site
Owl raises $10 million for two-way car dashboard camera
Owl, the two-way dash cam founded by a team of ex-Apple and Dropcam executives, has secured a $10 million Series A1 round led by Canvas Ventures. This brings Owl’s total funding to $28 million. “We’ve seen a lot of pent-up demand for car security, and Owl is tapping into that demand with a product that’s… Continue reading Owl raises $10 million for two-way car dashboard camera
Ford recalls 3,968 cars over clutch pressure plate issue: regulator
MOSCOW (Reuters) – Russia’s standards agency said on Tuesday it had been informed about the recall of 3,968 Ford (F.N) cars sold between 2011 and 2016. The Ford logo is seen at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton The cars,… Continue reading Ford recalls 3,968 cars over clutch pressure plate issue: regulator
NAVYA AND KEOLIS LAUNCH THE FIRST AUTONOMOUS SHUTTLE PILOT PROJECT ON PUBLIC ROADS IN CANADA
14 August 2018 NAVYA AND KEOLIS LAUNCH THE FIRST AUTONOMOUS SHUTTLE PILOT PROJECT ON PUBLIC ROADS IN CANADA NAVYA and Keolis Canada announced on August 10 the launch of an 12-month autonomous shuttle pilot project that will begin in late August in Candiac, Quebec. The AUTONOM SHUTTLE will operate on public roads in mixed traffic… Continue reading NAVYA AND KEOLIS LAUNCH THE FIRST AUTONOMOUS SHUTTLE PILOT PROJECT ON PUBLIC ROADS IN CANADA
Ford-owned Autonomic partners with Alibaba Cloud for mobility solutions
Autonomic, a wholly owned subsidiary of Ford Smart Mobility LLC, and Alibaba Cloud, the cloud computing arm of Alibaba Group, signed a Memorandum of Understanding (MOU) to bring to China the Transportation Mobility Cloud (TMC) – the world’s foremost transportation and mobility solution for connected vehicles developed by Autonomic. Peter Fleet, Ford group vice president… Continue reading Ford-owned Autonomic partners with Alibaba Cloud for mobility solutions
CORRECTED-NIO seeks to raise $1.8 bln in biggest U.S. listing by China automaker
HONG KONG/SHANGHAI (Reuters) – Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker. FILE PHOTO: Visitors check NIO ES8 displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25,… Continue reading CORRECTED-NIO seeks to raise $1.8 bln in biggest U.S. listing by China automaker
China’s Didi beefs up its newly-independent car services business with an acquisition
A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it through an acquisition. Xiaoju Automobile Solutions (XAS), which the Didi spinout is called, announced today it has bought Hiservice, a three-year-old company that provides after-service care for car owners using a digital platform.… Continue reading China’s Didi beefs up its newly-independent car services business with an acquisition
UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc (GS.N) as financial advisers on his plan to take the U.S. electric car maker private. The announcement represents the latest effort by Musk to add credibility to… Continue reading UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
FiveAI to start a trial of its shared autonomous car fleet in London in 2019
After raising $35 million to develop driverless car technology and a strategy to build a fleet of shared vehicles, UK startup FiveAI is announcing its first on-street trial: a service aimed at commuters in the London outer boroughs of Bromley and Croydon. Projected to begin in late 2019, it will kick off first with a… Continue reading FiveAI to start a trial of its shared autonomous car fleet in London in 2019
Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
August 14, 2018 Vogo, a scooter and bike sharing start-up, has raised $6-7 million in a Series A funding round led by ANI Technologies Pvt. Ltd and Hero MotoCorp chairman Pawan Munjal, according to a person familiar with the matter. Existing investors Matrix Partners India, Stellaris Venture and angel investors also participated in the funding… Continue reading Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp