Category: News Site

Lotus could switch to Volvo powertrains

Jean-Marc Gales expects Lotus to still be using Toyota engines in the immediate future, but the Lotus boss is keen to embrace the powertrain options available from other Geely-owned brands. Such co-operation is most likely to make use of resources developed by Volvo, whose technology is also being used by fellow Geely brands Polestar and… Continue reading Lotus could switch to Volvo powertrains

Musk buys $9.85M in Tesla stock after taunting shorts

Dana Hull and Tom Metcalf, Bloomberg News Published 6:17 p.m. ET May 7, 2018 Tesla Inc.’s Elon Musk (Photo: Stephan Savoia / AP, file) Tesla Inc.’s Elon Musk is putting some money where his trash-talking mouth is. The chief executive officer bought about $9.85 million worth of Tesla shares on Monday, his biggest purchase since… Continue reading Musk buys $9.85M in Tesla stock after taunting shorts

Ford advancing talks for train depot amid speculation

Buy Photo Michigan Central Depot would anchor Ford’s next-generation mobility, electrification and autonomous vehicle development. (Photo: Daniel Mears / The Detroit News)Buy Photo Ford Motor Co.’s directors are expected this week to be told negotiations are continuing for the automaker to acquire the Michigan Central Depot, says a source close to the situation. No deal… Continue reading Ford advancing talks for train depot amid speculation

China’s SF Express invests $100m in US freight forwarder Flexport

April 30, 2018 Chinese express delivery firm SF Express has invested $100 million in US-headquartered Flexport, a full-service global freight forwarder and logistics platform named last year by Forbes as one of the 25 next billion-dollar startups. SF Express, China’s leading courier company, now joins existing investors, including First Round Capital, Bloomberg Beta, Founders Fund,… Continue reading China’s SF Express invests $100m in US freight forwarder Flexport

Baidu launches $500m fund to support internet, AI startups

April 29, 2018 Chinese internet group Baidu is setting up a $500-million growth-stage fund that will invest in internet and artificial intelligence (AI) technology startups, according to a report by Chinese news site The Paper. The fund, dubbed Changcheng Investment Partners, will be an independent and market-oriented fund with average cheque amount ranging from $20… Continue reading Baidu launches $500m fund to support internet, AI startups

Hyundai’s Ioniq becomes top seller in Israel in Q1

SEOUL, May 8 (Yonhap) — Hyundai Motor Co.’s Ioniq hybrid emerged as the best-selling car in Israel in the first quarter of this year, achieving such a landmark for the first time since the start of its exports two years ago, industry sources said Tuesday. Hyundai Motor, South Korea’s top automaker, sold 4,149 Ioniq hybrids… Continue reading Hyundai’s Ioniq becomes top seller in Israel in Q1

UPDATE 3-Uber sets safety review; media report says software cited in fatal crash

(Reuters) – Uber Technologies Inc [UBER.UL] on Monday said it has retained a former top U.S. transportation official to advise it on safety after a fatal self-driving crash in March, but it declined to comment on a technology website’s report that a software flaw was responsible for the accident. The Uber logo is displayed on… Continue reading UPDATE 3-Uber sets safety review; media report says software cited in fatal crash

A New MIT Project Could Bring Driverless Cars to Rural Roads

Cows. Cornfields. Autonomous cars? The phrase “country living” might not inspire visions of high-tech transportation. But that could soon change, thanks to a new autonomous navigation system developed by researchers at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL). Today, most autonomous vehicles (AVs) rely on highly-detailed 3D maps to navigate roads. Creating these maps requires… Continue reading A New MIT Project Could Bring Driverless Cars to Rural Roads