Tag: M and A

LiDAR startup Luminar hires former Fitbit and Apple execs

LiDAR company Luminar and its whiz founder Austin Russell burst onto the autonomous vehicle startup scene last April after operating for years in secrecy. Now, Luminar has nabbed two high-profile hires that signal its grander ambitions in the race to develop and deploy autonomous vehicles. Luminar announced Thursday it has hired Fitbit executive Bill Zerella as… Continue reading LiDAR startup Luminar hires former Fitbit and Apple execs

Ford Unit Teams With Startup Developing ‘Waze’ for Self-Driving Cars

LISTEN TO ARTICLE SHARE THIS ARTICLE A slew of companies have sprung up to make the smarts, sensors and other integral systems for self-driving cars. Here comes one to tell these cars where to go.  Startup RideOS said Friday that it has raised $9 million led by venture firm Sequoia Capital and reached a partnership with a division… Continue reading Ford Unit Teams With Startup Developing ‘Waze’ for Self-Driving Cars

VW invests one billion in India

Monday, 07/02/2018 18:35 clock Volkswagen wants to put a billion euros into an offensive on the Indian car market. The goal is a market share of five percent by 2025, said the Czech subsidiary Skoda With. The Wolfsburg car manufacturer had given Skoda the responsibility for the Indian market. While Skoda increased sales there by… Continue reading VW invests one billion in India

SEAT is analysing 8 partnership opportunities with Israeli tech companies

Nine months following the start of the XPLORA project, SEAT and Champion Motors Ltd., the brand’s importer in Israel, have successfully concluded the first stage of the initiative. The goal of the project is to foster relations with the start-ups and stakeholders related to mobility in Israel and identify innovative projects that can lead to… Continue reading SEAT is analysing 8 partnership opportunities with Israeli tech companies

Public prosecutor may access VW documents

D The Federal Constitutional Court has allowed the public prosecutor’s office Munich II access to highly explosive documents in the diesel scandal. As the court announced on Friday, the constitutional complaints are the Volkswagen AG and their American law firm Jones Day failed to defend themselves against a raid in March 2017 and data seizure.… Continue reading Public prosecutor may access VW documents

A battery factory for Thuringia?

A On Friday, there was no official confirmation that the Chinese company CATL actually pulls up a factory for electric car battery cells in Thuringia. But only the statements of the BMW boss Harald Kruger In a newspaper interview, the Munich automaker had awarded a billion contract to CATL and the company wanted to build… Continue reading A battery factory for Thuringia?

UPDATE 1-BP bets on electric vehicle switch with Chargemaster buy

LONDON (Reuters) – BP will buy Britain’s largest electric vehicle charging firm Chargemaster and plans to use its technology to roll out ultra-fast chargers across its 1,200 petrol stations in the country over the next 12 months. FILE PHOTO: The logo of BP is on display at a petrol station in Moscow, Russia, July 4,… Continue reading UPDATE 1-BP bets on electric vehicle switch with Chargemaster buy

First Rwandan-made Volkswagen rolls off assembly line

KIGALI: The first Rwandan-made Volkswagen car rolled off the assembly line on Wednesday at the country’s first auto factory. The small Polo hatchback vehicle was greeted by President Paul Kagame and Volkswagen South Africa boss Thomas Schafer at the $20 million (17 million euros) facility, set up following a December 2016 deal. “Some found it… Continue reading First Rwandan-made Volkswagen rolls off assembly line