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Algolux Raises $10M in Series A-1 Funding

Algolux Inc., a Montreal, Canada-based provider of machine-learning stacks for autonomous vision and imaging, closed a USD $10M Series A funding. The round was led by General Motors (GM) Ventures, with participation from Drive Capital, Intact Ventures, and Real Ventures. In conjunction with the funding, Jason Nolte, GM Ventures Investment Manager, and Mark Kvamme, Partner… Continue reading Algolux Raises $10M in Series A-1 Funding

April 2018 U.S. LV Sales Thread: Industry to Hit 17.1 Million SAAR

APRIL 2018 US LV SALES   FORECAST v REPORTED UNITS Forecast LV Sales 1.35 million Actual LV Sales 1.35 million Forecast LV SAAR        17.1 million Actual LV SAAR    17.1 million Wards Intelligence tracks light-vehicle (LV) deliveries throughout sales reporting day. Monthly year-over-year change represents the change in daily sales rate (DSR).  April had … Premium… Continue reading April 2018 U.S. LV Sales Thread: Industry to Hit 17.1 Million SAAR

U.S. Light Vehicle Sales Summary, April 2018

U.S. light vehicle sales updates by company for April 2018. Includes projections for all companies, overwritten with actual data as companies report, along with a running total of reported actuals by company. Updated throughout U.S. Sales Reporting Day (May 1, 2018). Premium Content (PAID Subscription Required) “U.S. Light Vehicle Sales Summary, April 2018” is part… Continue reading U.S. Light Vehicle Sales Summary, April 2018

Wolfgang Porsche and Ferdinand Piëch still split over Winterkorn: “Will never understand how my cousin dropped him”

All articles and backgrounds 05/01/2018 Wolfgang Porsche and Ferdinand Piëch still split over Winterkorn “I’ll never understand how my cousin dropped him” DPA Ferdinand Piëch (l.), Wolfgang Porsche Sports car Patriarch Wolfgang Porsche sets in the face of the still smoldering dispute with his cousin Ferdinand Piëch on the new generation. “I would imagine that… Continue reading Wolfgang Porsche and Ferdinand Piëch still split over Winterkorn: “Will never understand how my cousin dropped him”

Electrify America To Install U.S.’ First Ultra-High-Speed Charging Station

58 M BY TOM MOLOUGHNEY Electrify America, the entity created by Volkswagen to fulfill the requirements of the U.S. Federal court settlement as punishment for the diesel-cheating scandal, will be installing the first ultra-high-speed DC Fast charge station in their network this Wednesday, in Chicopee, Massachusetts. The Chicopee Marketplace will be, as Electrify America states: “The… Continue reading Electrify America To Install U.S.’ First Ultra-High-Speed Charging Station

Parallel Domain wants to train self-driving cars in virtual worlds

Kevin McNamara, a former Apple and Pixar employee, is bringing his virtual world creation expertise to the domain of self-driving cars. And he has $2.5 million from Costanoa Ventures, Ubiquity Ventures and others to do so. At Apple, McNamara says he worked on an autonomous systems project, where he explored automatic content generation of simulated… Continue reading Parallel Domain wants to train self-driving cars in virtual worlds

Bentley Mulsanne successor could go all-electric

Bentley has yet to decide exactly how to evolve its flagship Mulsanne model in future, Autocar understands. More distinctive look for new Bentley Flying Spur Despite originally going on sale in 2010, the Mulsanne’s production run is not due to finish until the early 2020s, but by then the luxury market will be inhabited by… Continue reading Bentley Mulsanne successor could go all-electric

2019 Bentley Flying Spur due with much more distinctive design

Bentley’s next Flying Spur will be reinvented as a much more distinctive luxury saloon in 2019 and will be the last Bentley to be launched before the company completely reinvents its cars for the era of electrification. The four-door Flying Spur will be Bentley’s answer to the likes of the Rolls-Royce Ghost and Mercedes-Maybach S600. It… Continue reading 2019 Bentley Flying Spur due with much more distinctive design

Six new Bentleys to look out for by 2021

The launch of the Bentayga Plug-In at the Geneva motor show earlier this year kick-started a transitional era for Bentley as it begins the switch to electrification, which will give the company’s model range a very different look in 10 years than it does today. More distinctive look for new Bentley Flying Spur Further sales growth is… Continue reading Six new Bentleys to look out for by 2021