Jan 8 (Reuters) – Baidu Inc: * BAIDU, ASIA MOBILITY INDUSTRIES (AMI) ANNOUNCE STRATEGIC JV TO LAUNCH “APOLLO SOUTHEAST ASIA” AUTONOMOUS DRIVING PROGRAM AND INVESTMENT FUND * SAYS $200 MILLION TECHNOLOGY FUND TO BE FOCUSED ON OPPORTUNITIES IN SOUTHEAST ASIA FOR AUTONOMOUS DRIVING & INTELLIGENT TRANSPORTATION Source text for Eikon: Further company coverage: Our Standards:The… Continue reading BRIEF-Baidu, Asia Mobility Industries Announce Strategic JV
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Baidu debuts Apollo 2.0, its latest open self-driving platform
China’s Baidu revealed a major update to its Apollo autonomous driving platform at CES 2018 today, including support for new computing platforms, new reference vehicles, more HD mapping services available on a global scale and other updates. Most notably, the update will give everyone using Apollo the ability to drive autonomously on simple, relatively easy… Continue reading Baidu debuts Apollo 2.0, its latest open self-driving platform
Electric Cars and Autonomous Vehicles in the Spotlight at CES
05:00 Jim Strugger MKM Holdings LLC, Head:Derivatives Products 05:00 Nicholas Woodman Gopro Inc, Chairman/CEO/Founder 05:05 Alistair Barr Bloomberg LP, Editor:US Technology Team 05:15 Jehan Chu Kenetic Capital Advisors Ltd, Managing Partner 05:15 Cory Johnson Bloomberg Editorial, Anchor/Editor-At-Large:Bloomberg TV 05:30 Alexis Borisy Third Rock Ventures LLC (PE General Partner), Chairman/Co-Founder 05:40 Pascal Cagni C4 Ventures Ltd,… Continue reading Electric Cars and Autonomous Vehicles in the Spotlight at CES
Aston Martin Seeks $6.8 Billion Value in Potential IPO
Aston Martin is targeting a valuation of as much as 5 billion pounds ($6.8 billion) in a potential initial public offering of the British sports car maker, according to people familiar with the matter. The manufacturer has held preliminary talks with advisers about a valuation including debt that would put it on par with Ferrari NV,… Continue reading Aston Martin Seeks $6.8 Billion Value in Potential IPO
Aptiv and Lyft’s self-driving BMWs are picking up CES passengers
[embedded content] Self-driving and connected car tech company Aptiv (formerly Delphi) is back at CES again in 2018, and this time it’s partnering with Lyft to demonstrate its latest developments in self-driving technology. The Aptiv and Lyft team-up brings a fleet of 8 autonomous test cars to Las Vegas, which attendees at the show can… Continue reading Aptiv and Lyft’s self-driving BMWs are picking up CES passengers
Uber hires Tesla’s lead battery expert to help power its ‘flying car’ service
Celina Mikolajczak, a senior manager for battery pack development at Tesla, has been hired by Uber to help the ride-hail company’s “flying car” project get off the ground. It’s an important hire because it signals that Uber plans to get more involved in the engineering aspects of this outlandish-sounding project. For six years, Mikolajczak served… Continue reading Uber hires Tesla’s lead battery expert to help power its ‘flying car’ service
Ford GoBikes are going electric in San Francisco
Motivate, the company behind the San Francisco Yay (Bay) Area’s bike-share system, is adding pedal-assist e-bikes to its fleets this April. The one-year pilot will launch with 250 of these e-bikes in San Francisco, the company announced today. The bikes, created by startup GenZe, are designed to assist riders as they’re pedaling, therefore reducing the… Continue reading Ford GoBikes are going electric in San Francisco
FAW-VW sells over 2m cars in 2017
CHANGCHUN – The Sino-German auto joint venture FAW-Volkswagen (FAW-VW) saw its sales volume exceeding 2 million in 2017, up by 5 percent year-on-year, the company said Friday. According to the company, based in Changchun of Northeast China’s Jilin province, it sold over 1.405 million Volkswagen cars and 595,288 Audi cars, registering an annual growth of… Continue reading FAW-VW sells over 2m cars in 2017
GAC Honda to buy out other Honda China stakeholders
Visitors look at a Honda CR-V at an auto show in Dongguan, Guangdong province. [Photo provided to China Daily] Joint venture GAC Honda Automobile is moving to take over Honda Automobile (China), enhancing its productivity with the additional capacity of the Japanese brand’s currently plant in Guangzhou, Guangdong province. GAC Group has approved a deal to… Continue reading GAC Honda to buy out other Honda China stakeholders
Fiat Chrysler boosted by Jeep growth expectations
MILAN (Reuters) – Fiat Chrysler (FCHA.MI)(FCA) shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year. The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne’s final… Continue reading Fiat Chrysler boosted by Jeep growth expectations