Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 billion following… Continue reading Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Tag: Possible_Terrorism_Warfare
GM CEO Barra defends the company’s pickup production despite its EV push
In a nearly hour-long interview on the Freakonomics Radio podcast, General Motors CEO Mary Barra talks about the automaker’s electric vehicle strategy and President Donald Trump, among many other topics. One of the main subjects is GM’s aggressive push to bring electric vehicles to market faster than it anticipated. But Stephen Dubner, host of Freakonomics Radio, pointed out that despite GM’s… Continue reading GM CEO Barra defends the company’s pickup production despite its EV push
@VW Group: 115 years of automotive engineering in Mladá Boleslav: In December 1905 Laurin & Klement presented the Voiturette A
When the first automobile rolled out of the Laurin & Klement factory halls in Mladá Boleslav, the company could already look back on ten years of business success: the production of its own bicycles under the SLAVIA brand had begun in 1895 under the leadership of Václav Laurin and Václav Klement. On 18 November 1899,… Continue reading @VW Group: 115 years of automotive engineering in Mladá Boleslav: In December 1905 Laurin & Klement presented the Voiturette A
Daimler’s Supervisory Board gives its full backing to business plan 2021-2025
STUTTGART, Germany, Dec. 3, 2020 /PRNewswire/ — Daimler to accelerate the transformation towards electrification and digitization Investment plan of more than €70 billion confirmed Board of Management and General Works Council launch a new transformation fund with a value of €1 billion The Supervisory Board of Daimler AG has given its full backing to the… Continue reading Daimler’s Supervisory Board gives its full backing to business plan 2021-2025
Proposals for new appointments to the Daimler Supervisory Board and for its chair
STUTTGART, Germany, Dec. 3, 2020 /PRNewswire/ — The Supervisory Board of Daimler AG is facing significant personnel changes. At the end of the Annual Shareholders’ Meeting on March 31, 2021, the term of office of the longstanding Chairman, Manfred Bischoff, will expire and he will step down from the Supervisory Board. With him, Petraea Heynike and… Continue reading Proposals for new appointments to the Daimler Supervisory Board and for its chair
VW seeks to avert crisis after CEO demands confidence vote
By Jan Schwartz, Edward Taylor 5 Min Read FRANKFURT (Reuters) – Volkswagen, the world’s largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension. FILE PHOTO: Volkswagen Group Chief Executive Officer Herbert Diess… Continue reading VW seeks to avert crisis after CEO demands confidence vote
US safety agency seeks input on autonomous vehicle rules
So far the NHTSA has taken a voluntary approach to autonomous vehicles without standards and regulations. DETROIT – The U.S. government’s road safety agency is asking for public comment on how it should regulate safe deployment of self-driving vehicles. Seeking public comment is an early step in drawing up possible regulations, but that process takes… Continue reading US safety agency seeks input on autonomous vehicle rules
German Handelsblatt: Auto industry: BMW withdraws engine production for combustion engines from Germany000813
BMW headquarters in Munich In future, the group will no longer build internal combustion engines at its headquarters. (Photo: AP) Munich The BMW Group is reorganizing its production network. The production of diesel and combustion engines is to be withdrawn from the Munich headquarters by 2024. Large engines will be relocated to the British plant… Continue reading German Handelsblatt: Auto industry: BMW withdraws engine production for combustion engines from Germany000813
Rivian CEO eyes smaller electric vehicles for China, Europe
By Ben Klayman, Paul Lienert 3 Min Read DETROIT (Reuters) – Electric vehicle startup Rivian, which is backed by Amazon AMZN.O and Ford Motor Co F.N, on Wednesday said it plans to follow up its first two products, a full-size pickup and SUV, with smaller models targeted at China and Europe where it may eventually… Continue reading Rivian CEO eyes smaller electric vehicles for China, Europe
Hyundai faces lawsuit over EV fires as GM launches recall
By Heekyong Yang, Hyunjoo Jin 6 Min Read SEOUL (Reuters) – Hyundai Motor Co 005380.KS is being sued over a string of battery fires in its electric vehicles (EVs), just as General Motors Co GM.N recalls nearly 70,000 EVs with batteries from the same maker, LG Chem Ltd 051910.KS. FILE PHOTO: The logo of Hyundai… Continue reading Hyundai faces lawsuit over EV fires as GM launches recall