Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down — its parts being absorbed into its two main backers: Ford and VW, according to people familiar with the matter. During an all-hands meeting Wednesday, Argo AI employees were told that some people… Continue reading Ford, VW-backed Argo AI is shutting down
Tag: Waymo/Google
Ford, Volkswagen to absorb autonomous vehicle partner Argo AI
Ford Motor Co. and Volkswagen AG will absorb their autonomous vehicle partner, Argo AI, in a move that demonstrates the difficulties of success in the self-driving space, experts say. The move — driven in part by Argo’s inability to attract new investors — will shut down the Pennsylvania-based startup founded by two Michigan natives that… Continue reading Ford, Volkswagen to absorb autonomous vehicle partner Argo AI
Why Tesla, Rivian, and Nio Stocks All Popped Today
Motley Fool Alphabet’s Ad Business Slows to a Trickle. Time to Sell? Coming into Alphabet’s (NASDAQ: GOOG) (NASDAQ: GOOGL) third-quarter earnings report on Tuesday night, there were already signs that growth would be sluggish. Fellow digital advertising stock Snap said revenue growth slowed to just 6% in its third quarter, and Alphabet management had already warned about… Continue reading Why Tesla, Rivian, and Nio Stocks All Popped Today
U.S. autonomous vehicle group picks ex-Senate aide as director
U.S. lawmakers have been divided for years over how to amend current auto safety regulations to encompass self-driving cars, including the scope of consumer and legal protections. By David Shepardson A group representing self-driving car companies is appointing a former U.S. Senate aide as its new head as the industry works to convince U.S. policymakers… Continue reading U.S. autonomous vehicle group picks ex-Senate aide as director
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Oct 25 (Reuters) – A group representing self-driving car companies is appointing a former U.S. Senate aide as its new head as the industry works to convince U.S. policymakers to speed the deployment of autonomous vehicles and jumpstart stalled legislation. The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director,… Continue reading Untitled
The auto industry’s $75B bet on autonomy is not paying off – Automotive News Europe
Autonomous vehicle companies and suppliers have collectively spent about $75 billion developing self-driving technology, with scant sign of meaningful revenue emerging from AV services after all that investment. This has spelled disaster for Aurora Innovation, TuSimple Holdings and Embark Technology, whose shares have each plunged at least 80 percent this year. It’s no wonder Intel… Continue reading The auto industry’s $75B bet on autonomy is not paying off – Automotive News Europe
Robo Taxis Global Market Report 2022: Geiger-Mode Technology Presents Lucrative Opportunities
DUBLIN, Oct. 24, 2022 /PRNewswire/ — The “Robo Taxis Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering. The global robo-taxis market is expected to grow from $1.05 billion in 2021 to $1.71 billion in 2022 at a compound annual growth rate (CAGR) of 63.3%. The robo-taxis market is expected to grow to $11.01… Continue reading Robo Taxis Global Market Report 2022: Geiger-Mode Technology Presents Lucrative Opportunities
Waymo focuses on Los Angeles
from David Fluhr Published October 21, 2022 Updated October 20, 2022 Waymo is expanding and now wants to offer itself in Los Angeles. so far is Waymo in Phoenix and in san francisco represent. But soon you can also book a ride with a robotic taxi service from Waymo in Los Angeles. So far the… Continue reading Waymo focuses on Los Angeles
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the analysis. By Paul Lienert The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw… Continue reading Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
Guidehouse Insights Names Waymo, Aurora Innovation, and TuSimple Leading Vendors Developing Automated Driving System Technology for Trucks
Leaders demonstrate exceptional technology development, strong supplier relationships, and a viable business model BOULDER, Colo., Oct. 20, 2022 /PRNewswire/ — A new report from Guidehouse Insights examines the competitive landscape for companies developing automated driving system (ADS) technology for medium and heavy-duty trucks. ADS technology is continuing a slow march toward becoming sufficiently mature to enable broad… Continue reading Guidehouse Insights Names Waymo, Aurora Innovation, and TuSimple Leading Vendors Developing Automated Driving System Technology for Trucks