German Manager Magazine: Google: Waymo raises $16 billion. Valuation rises to $126 billion004686

In the race for the market for driverless robotaxis, the Google-Sister company Waymo their coffers for global expansion. Waymo raised $16 billion (around 13.5 billion euros) from investors in a financing round. The company was valued at a total of $126 billion, according to a statement. Waymo’s robotaxis now make more than 400,000 paid rides… Continue reading German Manager Magazine: Google: Waymo raises $16 billion. Valuation rises to $126 billion004686

German Manager Magazine: Elon Musk: SpaceX takes over AI start-up xAI004685

Tech billionaire Elon Musk (54) owns the space company SpaceX and its AI developer xAI merged. The US entrepreneur is merging his rocket and satellite company with the developer of the chatbot Grok, as SpaceX announced on Monday. Sharing computing power, data and engineering knowledge will both accelerate AI development and support longer-term ambitions such… Continue reading German Manager Magazine: Elon Musk: SpaceX takes over AI start-up xAI004685

German Manager Magazine: BMW provides ZF with a new billion-dollar order Luft004685

The automotive supplier ZF Friedrichshafen and car manufacturers BMW have concluded a new billion-dollar order. The core of the agreement is the delivery and further development of the eight-speed automatic transmission (8HP) from ZF. “The contract with a volume of several billion euros runs until the late 2030s,” ZF explained on Monday afternoon. This brings… Continue reading German Manager Magazine: BMW provides ZF with a new billion-dollar order Luft004685

German Handelsblatt: Auto industry: Largest single transmission deal since 2019: ZF receives billion-dollar order from BMW012310

Gearbox production at ZF: Largest single order since 2019. Photo: dpa Stuttgart, Düsseldorf. The financially troubled supplier ZF has signed a billion-dollar contract with the car manufacturer BMW. The core of the agreement is the delivery and further development of the eight-speed automatic transmission 8HP, as ZF announced on Monday. The contract is worth several… Continue reading German Handelsblatt: Auto industry: Largest single transmission deal since 2019: ZF receives billion-dollar order from BMW012310