Category: Automotive

Volkswagen and Ford reveal new details about their self-driving partnership (F, VWAPY, AUDVF, GOOGL, GM)

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers. To receive the full story plus other insights each morning, click here. Ford and German automaker Volkswagen are reportedly close to finalizing a new joint venture to develop self-driving vehicles and technologies, according to The Wall Street… Continue reading Volkswagen and Ford reveal new details about their self-driving partnership (F, VWAPY, AUDVF, GOOGL, GM)

Bosch increases investment in startups

Stuttgart, Germany – Investments in startups are on the rise. In 2017, institutional investors and companies invested 147 billion euros in these enterprises – nearly three times as much as in 2012. Bosch, too, is increasing its investment in external startups, providing Robert Bosch Venture Capital GmbH (RBVC) with 200 million euros for a fourth… Continue reading Bosch increases investment in startups

Apple to lay off 190 in self-driving car division

FILE PHOTO: The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson/File Photo (Reuters) – Apple Inc said on Wednesday it plans to lay off 190 employees in its self-driving car program, Project Titan. Apple said in a filing… Continue reading Apple to lay off 190 in self-driving car division

FedEx rolls out prototype of autonomous SameDay Bot

FedEx on Wednesday unveiled a prototype of its SameDay Bot, an autonomous delivery vehicle designed to get smaller deliveries from retailers to nearby customers. Like Amazon and FedEx’s other competitors in the shipping business, FedEx is hoping that autonomous vehicles can help it solve the challenges of last-mile logistics. Developed in collaboration with DEKA Development… Continue reading FedEx rolls out prototype of autonomous SameDay Bot

UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen

FRANKFURT (Reuters) – U.S. auto parts maker Wabco Holdings Inc on Tuesday confirmed that it has been approached by German rival ZF Friedrichshafen for a potential takeover. Shares in the brakes maker, which had a market capitalization of $6.2 billion as of Tuesday close, rose 10 percent before being halted. German daily Handelsblatt first reported… Continue reading UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen

Westover Group refurbishes Lexus dealership in Poole

Westover Group has invested £200,000 in the refurbishment of its Lexus dealership in Poole, Dorset. The motor dealership on West Quay Road has undergone a 10-week programme of internal cosmetic work. Westover Group is rated 48 in the Motor Trader Top 200 Dealer Groups with annual turnover of £334.4m. Established in 1923, it currently employs… Continue reading Westover Group refurbishes Lexus dealership in Poole

Electric Car Startup Faraday Future Is Circling the Drain

Faraday Past Electric car startup Faraday Future has been in financial free fall for months now. The company placed hundreds of employees on unpaid leave or furlough in October — and hundreds more followed two months later. And things are not looking up. An internal email obtained by The Verge paints a gloomy picture: the company is still… Continue reading Electric Car Startup Faraday Future Is Circling the Drain

CharIN Starts Development Of Fast Charging Beyond 1 MW

3 H BY MARK KANE 1 MW is equal to 1,000 kW or a few hundred households CharIN, which so far was focused on the Combined Charging System, released an announcement about a new standard under development for high power charging of trucks, buses, aircraft or other large BEVs beyond 1 MW. The new solution –… Continue reading CharIN Starts Development Of Fast Charging Beyond 1 MW