Fate of GKN hangs in balance as investors decide on Melrose bid

LONDON (Reuters) – The three-month battle for GKN will be decided on Thursday when the deadline for shareholders to accept Melrose Industries’ 8 billion pound ($11 billion) hostile bid expires, ending one of the most closely-contested takeover fights in Britain for years. FILE PHOTO: Branding is seen outside the headquarters of GKN in Redditch, Britain,… Continue reading Fate of GKN hangs in balance as investors decide on Melrose bid

Jaguar and Google’s Waymo agree £1.2bn driverless car partnership

Jaguar Land Rover (JLR) has announced it will supply up to 20,000 vehicles to driverless car outfit Waymo, the sub-brand of Google’s parent firm Alphabet, in a deal believed to be worth around £1.2bn. See related  Under the partnership, JLR will provide Waymo with its first electric car, the forthcoming I-Pace SUV, in a move… Continue reading Jaguar and Google’s Waymo agree £1.2bn driverless car partnership

Uber reportedly reduced the number of sensors on its autonomous cars

JasonDoiy via Getty Images Uber is facing some intense scrutiny after one of its self-driving cars struck and killed a pedestrian in Arizona ten days ago. The company (along with it’s partner, NVIDIA) has stopped testing its autonomous vehicle in cities across the US, and the Arizona governor suspended the tests specifically in that state.… Continue reading Uber reportedly reduced the number of sensors on its autonomous cars

Uber gives up autonomous vehicle testing rights in Calif

DETROIT:Uber has decided to stop testing autonomous vehicles on California public roads by letting its state permit expire on Saturday without renewing it. If the ride-hailing service wants to return to the state, it will have to get a new permit and address any investigations into a crash involving one of its autonomous test SUVs… Continue reading Uber gives up autonomous vehicle testing rights in Calif

Uber won’t renew its permit to test self-driving cars in California

Uber will not renew its permit to test autonomous vehicles on public roads in California — further evidence that the company is pulling back from its aggressive plans to launch a self-driving service in the wake of a fatal crash in Arizona which resulted in the death of a pedestrian. In a letter, the California… Continue reading Uber won’t renew its permit to test self-driving cars in California

Lyft co-founder: Fatal Uber crash should have been prevented

WASHINGTON, March 27 (Reuters) – The co-founder of ride hailing company Lyft Inc said on Tuesday a fatal collision in which an Uber Technologies Inc self-driving vehicle struck a pedestrian could have been prevented. “I don’t know all the specifics. I did see the video. It did look like both the tech and the driver… Continue reading Lyft co-founder: Fatal Uber crash should have been prevented

Uber Shouldn’t Even Bother With Self-Driving Cars

Last week, Uber Technologies Inc. suspended its self-driving car program after a test vehicle killed a pedestrian in Arizona. There’s an investigation into the accident. But even without the safety risks and ethical conundrums posed by autonomous cars, there are sound business reasons why Uber should fully abandon plans to develop or buy its own fleets… Continue reading Uber Shouldn’t Even Bother With Self-Driving Cars

Krafcik Says Waymo Tech `Robust Enough’ to Avoid Uber Crash

Waymo Chief Executive Officer John Krafcik said his company’s self-driving software would likely have avoided the pedestrian death in which an Uber autonomous car was involved. “We have a lot of confidence that our technology would be robust and would be able to handle situations like that one,” Krafcik said on Saturday in his first public… Continue reading Krafcik Says Waymo Tech `Robust Enough’ to Avoid Uber Crash

CNBC Exclusive: CNBC Transcript: General Motors Chairman & CEO Mary Barra Speaks with CNBC’s Brian Sullivan …

WHEN: Today, Wednesday, March 7, 2018 WHERE: CNBC’s “Power Lunch” – From CERAWeek by IHS Markit in Houston, TX Following is an unofficial transcript of a CNBC EXCLUSIVE interview with General Motors Chairman & CEO Mary Barra and CNBC’s Brian Sullivan on CNBC’s “Power Lunch” (M-F 1PM-3PM) today, Wednesday, March 7, 2018. Following is a… Continue reading CNBC Exclusive: CNBC Transcript: General Motors Chairman & CEO Mary Barra Speaks with CNBC’s Brian Sullivan …