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Regulus Cyber launches with a technology to secure autonomous vehicles

Over the next 20 years the autonomous vehicle market is expected to grow into a $700 billion industry as robots take over nearly every aspect of mobility. One of the key arguments for this shift away from manually operated machines is that they offer greater safety thanks to less risk of human error. But as… Continue reading Regulus Cyber launches with a technology to secure autonomous vehicles

Works council chief in an interview: Osterloh calls for billions in savings in the development of VW

Bernd Osterloh “We too often develop there twice and three times where it is not necessary.” (Photo: Bloomberg) WolfsburgThe 300 most important works councils of Volkswagen have come together for their meeting in Wolfsburg. Despite a correspondingly short night, Bernd Osterloh appears in a good mood for conversation at eight o’clock in the morning. Why… Continue reading Works council chief in an interview: Osterloh calls for billions in savings in the development of VW

India Dealbook: M&M invests $5.2m in Canada’s Resson, HCG acquires 12% of International Stemcell

May 1, 2018 Mahindra and Mahindra has acquired a 10 per cent stake in Canadian firm Resson Aerospace Corp, while oncology chain HealthCare Global Enterprises Ltd has picked up 12 per cent stake in International Stemcell Services Ltd. M&M acquires stake in Canada’s Reason for $5.17m Automotive major Mahindra and Mahindra Ltd has agreed to acquire a 10… Continue reading India Dealbook: M&M invests $5.2m in Canada’s Resson, HCG acquires 12% of International Stemcell

Avis Budget Group strikes connected car deal with Groupe PSA

Avis Budget Group has announced the addition of 6,000 Peugeot, Citroën and DS vehicles to its connected car rental fleet in Europe, with an additional 5,000 cars expected later this year. These vehicles will operate across the Company’s Avis and Budget brands in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Portugal,… Continue reading Avis Budget Group strikes connected car deal with Groupe PSA

Lime partners with Segway to build electric scooters

Lime, the transportation company now formerly known as LimeBike, has partnered with Segway to launch its next generation of electric scooters. These scooters, which are set to debut mid-month in San Francisco, will supplement Lime’s existing fleet. Lime has also hit three million rides across its fleets of bikes and scooters. For style-conscious consumers, there… Continue reading Lime partners with Segway to build electric scooters

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”