Investors have told Uber Technologies Inc it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue. Uber did not immediately… Continue reading Uber investors reportedly want the company to sell its self-driving car program
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Uber told by investors to sell self-driving unit: The Information
(Reuters) – Investors have told Uber Technologies Inc [UBER.UL] it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue. The… Continue reading Uber told by investors to sell self-driving unit: The Information
Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia
Uber agreed to sell its Southeast Asia business in March, but it isn’t leaving the region. In fact, the U.S. firm is doubling down with plans to more than double its staff in Singapore. That’s right. Uber is currently in the midst of a major recruitment drive that will see Singapore, the first city it… Continue reading Uber is on a hiring spree in Singapore despite ‘exiting’ Southeast Asia
Tesla: ‘No formal proposal’ to go private
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
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