China Digest: Gay dating app Blued, new energy vehicle firm SKIO secure funding

Chinese technology companies continue to secure funding from venture capital and private equity firms. The latest recipients are gay dating app Blued and new energy vehicle firm SKIO Matrix. Blued secures $100m in Series D Beijing-headquartered Blued, one of the world’s largest social network and dating apps for the LGBT community, has closed its Series… Continue reading China Digest: Gay dating app Blued, new energy vehicle firm SKIO secure funding

Hyundai at BMW Cooperation Group

The manufacturer Hyundai joins the BMW Alliance – probably as the last member. As late as December last year, there were disagreements in the cooperation group with BMW with the goal to realize autonomous driving until 2021. The difference of opinion involved other cooperation members. Only reluctantly, BMW agreed to the further recording, which probably… Continue reading Hyundai at BMW Cooperation Group

Bosch Daimler: efforts intensified

The cooperation between Bosch and Mercedes-Benz for the development of autonomous driving is gaining momentum. With the already made statement that you already start this year tests with appropriate vehicles, should probably show the will to fight, which has the cooperation. The cooperation, consisting of Mercedes-Benz and the supplier Bosch, wants – like other manufacturers… Continue reading Bosch Daimler: efforts intensified

Canada wants to promote Autonomous Driving

The Canadian government is planning more promotion for autonomous driving within the NAFTA rules. The North American Free Trade Agreement (NAFTA) deals with the United States, Mexico and Canada. The latter calls for support for autonomous driving under the NAFTA agreement. The previous rules of the Agreement provide that for the duty-free importation of goods… Continue reading Canada wants to promote Autonomous Driving

U.S. seeks ‘substantial’ fines in Fiat Chrysler emissions case -source

WASHINGTON (Reuters) – The U.S. Justice Department is seeking “substantial” civil fines from Fiat Chrysler Automobiles NV after the government filed suit accusing the company of illegally using software that led to excess emissions in 104,000 U.S. diesel vehicles sold since 2014, a person briefed on the matter said on Friday.