This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Despite being the first firm in the nation to launch an autonomous ride-hailing service, Waymo is still experiencing technical challenges, according to an interview The Verge… Continue reading Waymo is still experiencing technical challenges (GOOGL)
Category: Automotive
Ford Motor Company Reports Fourth Quarter and Full Year 2018 Results
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Motor Company Reports Fourth Quarter and Full Year 2018 Results
How to start your own supercar company: Emerson Fittipaldi – Autocar
HWA, however, is not so well known. Named after Hans Werner Aufrecht, one of the co-founders of AMG, it runs the Mercedes-AMG team in DTM, develops and builds its engines and is engineering the EF7 to production. HWA has put its head of race car development, Hubert Hügle, in charge of the EF7, and his… Continue reading How to start your own supercar company: Emerson Fittipaldi – Autocar
Wheels Raises $37M in Funding
Wheels, a Los Angeles, CA-based dockless electric mobility and transportation company, raised $37m in funding. Backers included Tenaya Capital, Bullpen Capital, Crosscut Capital, 3L Capital, Naval Ravikant, and a collection of strategic investors from the entertainment and sports communities. Co-founded by brothers Jonathan Viner and Joshua Viner, Wheels is a last-mile, shared electric mobility platform,… Continue reading Wheels Raises $37M in Funding
Sequoia-backed NEXT gets $97M as investment in logistics heats up
Despite its “unsexy” reputation, the logistics industry is attracting massive investment from venture capitalists. With a fresh $97 million in Series C funding, NEXT joins a fleet of heavily funded logistics platforms, including Flexport, Huochebang and Convoy. The company, which connects shippers and carriers through an online marketplace, raised the capital from Brookfield Ventures, with participation… Continue reading Sequoia-backed NEXT gets $97M as investment in logistics heats up
China’s Mobike will rename to Meituan Bike as its parent takes the wheel
One of China’s top bike-rental apps is entering a new phase. Mobike, which neighborhood services giant Meituan-Dianping gobbled up last April, is changing its name to Meituan Bike as part of an ongoing integration with its parent, according to an internal letter from Meituan senior vice president Wang Huiwen to staff. There’s no timeline for when the new… Continue reading China’s Mobike will rename to Meituan Bike as its parent takes the wheel
Amazon field tests an autonomous delivery robot named Scout
Amazon has revealed its latest autonomous delivery project — a six-wheeled boxy robot named Amazon Scout. The e-commerce giant said the all-electric devices were created in-house at Amazon’s research and development lab in Seattle, and are about the size of a small cooler. Featured stories The bots are meant to travel on sidewalks at an… Continue reading Amazon field tests an autonomous delivery robot named Scout
Pensions, one-time charges push Ford to fourth-quarter loss
DETROIT, Jan 23 (Reuters) – Ford Motor Co on Wednesday posted a fourth-quarter loss, which it attributed partly to one-time charges, including pension-related costs. The No. 2 U.S. automaker posted a loss of $116 million or 3 cents a share, down from a net profit of $2.5 billion or 63 cents a share in the… Continue reading Pensions, one-time charges push Ford to fourth-quarter loss
More dealers see Brexit as biggest threat to their business
The number of dealers who see Brexit as the top threat to their business in 2019 has rocketed as the 29 March exit deadline approaches. The latest quarterly Dealer Satisfaction Survey from Close Brothers found that 35% of dealers see Brexit as the top threat to their business compared to just 21% a year ago.… Continue reading More dealers see Brexit as biggest threat to their business
Dyson shifts HQ to Singapore to focus on cars
Become an FT Subscriber. Gain access to global coverage from local journalists on the ground in 50+ countries working around the clock to break news, analyze, spot risks and opportunities. Join over 300,000 Finance professionals who already subscribe to the FT. Go to Source