SEOUL, Oct 15 (Reuters) – Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates its attempts to catch up in the self-driving car race. The plan, which Hyundai said encompassed autonomous, connected and electric… Continue reading Hyundai Motor Group to invest $35 billion in future automotive tech
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Volkswagen delays final decision on Turkey plant – Handelsblatt
FILE PHOTO: A new logo of German carmaker Volkswagen at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer/ FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has postponed its final decision to build a car plant in Turkey amid international criticism of the country’s military operation in northern Syria and concerns about potential reputational fallout,… Continue reading Volkswagen delays final decision on Turkey plant – Handelsblatt
Ford Patents Drone That Pops Out of a Car’s Trunk
Image via U.S. Patent and Trademark Office/Ford Ford’s Focus The spare tire stashed in your car’s trunk for emergencies might soon be joined by a drone. On Thursday, the U.S. Patent and Trademark’s office published a patent application submitted by Ford Motor Company subsidiary Ford Global Technologies. It seems the American automaker is developing a… Continue reading Ford Patents Drone That Pops Out of a Car’s Trunk
Elon Musk: Tesla Is Making An “Armored Personnel Carrier”
Cybertruck Mercurial Tesla CEO Elon Musk issued a rare update on the company’s in-development pickup truck Sunday night, tweeting that the forthcoming vehicle will be “closer to an armored personnel carrier from the future” than any images we’ve seen publicly. Musk also gave the truck, a new name: the “Cybertruck.” Cybertruck doesn’t look like anything… Continue reading Elon Musk: Tesla Is Making An “Armored Personnel Carrier”
Bird’s chief legal & policy officer is leaving the company
Bird, the $2.5 billion electric scooter business, is losing its chief legal and policy officer. David Estrada, who was hired last year from Kitty Hawk, is joining another mobility company, SoftBank-backed Nuro. A spokesperson for Bird tells TechCrunch Estrada is leaving the Santa Monica-based company to be closer to his family. Nuro, for its part,… Continue reading Bird’s chief legal & policy officer is leaving the company
Uber has laid off hundreds of employees in its third round of cuts this year (UBER)
Uber commenced a third round of layoffs on Monday, TechCrunch’s Megan Rose Dickey first reported. Roughly 350 employees in Uber Eats, ATG, and product roles were let go, according to an email from CEO Dara Khosrowshahi published by the news site. Uber has been under tremendous pressure to cut costs and turn a profit as… Continue reading Uber has laid off hundreds of employees in its third round of cuts this year (UBER)
Uber lays off another ~350 across Eats, self-driving and other departments
Uber has just laid off around 350 employees across a variety of teams within the organization, marking what the company says is its third and final phase of layoffs of the process it began earlier this year, Uber CEO Dara Khosrowshahi said to employees today in an email obtained by TechCrunch (full email below). Those… Continue reading Uber lays off another ~350 across Eats, self-driving and other departments
Tesla announces new ‘Deep Rain’ neural net for its automatic wipers
Elon Musk announced today that Tesla has a neural network called ‘Deep Rain’ to improve its automatic wiper system, which has been a feature that owners have complained about. Like most premium vehicles today, Tesla has an automatic wiper system that automatically matches the speed of the wipers to the intensity of the rain or… Continue reading Tesla announces new ‘Deep Rain’ neural net for its automatic wipers
Smaller UAW ranks dampen GM strike’s impact
The United Auto Workers has seen its membership — and influence — dwindle over the last several decades. And that’s cushioning the impact of the national strike against General Motors Co., which would have been greater two decades ago. Look no further than the last time the labor union went on strike against GM for more than… Continue reading Smaller UAW ranks dampen GM strike’s impact
Dyson becomes latest sign that electric-car bubble is bursting
Kyunghee Park, Molly Schuetz and Yoolim Lee, Bloomberg News Published 9:33 p.m. ET Oct. 13, 2019 Dyson Ltd.’s sudden decision to scrap its $2.5 billion electric-vehicle ambitions is the latest reality check creeping into the once soaring EV industry. The famed maker of vacuum cleaners and hair dryers couldn’t find a way of making the… Continue reading Dyson becomes latest sign that electric-car bubble is bursting