Here, the mapping and location services company once owned by Nokia and sold for €2.5 billion to a car-maker consortium of Audi, BMW and Daimler in 2015, is picking up a new investor today. Chipmaker Intel has confirmed that it is taking a 15 percent stake in the business, which it will use to develop autonomous… Continue reading Intel confirms 15% stake in mapping business Here to work on autonomous car tech
Tag: People
Could General Motors launch its own Airbnb for cars?
A smartphone displaying the Maven app, a GM car-sharing service is shown in Ann Arbor in April 2016. (Photo: Paul Sancya, AP) Airbnb for cars? Bloomberg reports that General Motors is planning something similar through its Maven car-sharing platform. The news service, citing unnamed sources, said GM will launch a pilot project this summer. “GM vehicle… Continue reading Could General Motors launch its own Airbnb for cars?
Electric car startup spun out of Faraday Future ‘EVelozcity’ claims to have raised $1 billion
We first revealed the existence of Evelozcity, an electric vehicle startup founded by former Faraday Future (FF) executives, a few months ago and it might already be a $1 billion company. The startup now claims to have raised ~$1 billion to bring its electric vehicles to market. Home Solar Power As we previously reported, Stefan Krause, former… Continue reading Electric car startup spun out of Faraday Future ‘EVelozcity’ claims to have raised $1 billion
Drone takes over in an emergency at Ford – patent
The automaker Ford filed a new patent, which deals with autonomous driving. What happens if the Autonomous Car does not know what to do in the future? For example, if a sensor and the redundancy level are damaged and the perception of the car is impaired. Sensor replacement by drone – Ford patent. Source: dronebelov… Continue reading Drone takes over in an emergency at Ford – patent
BorgWarner’s Latest Eco-Launch™ Stop/start Technology Delivers Quick, Smooth Restarts for Ford FWD Vehicles
AUBURN HILLS, Mich., March 13, 2018 /PRNewswire/ — BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, helps Ford deliver greater vehicle efficiency with its Eco-Launch™ stop/start solenoid valve and hydraulic accumulator. Engineered to deliver fast, smooth launches during engine restarts, the award-winning solution is available on the… Continue reading BorgWarner’s Latest Eco-Launch™ Stop/start Technology Delivers Quick, Smooth Restarts for Ford FWD Vehicles
Audi profit-sharing bonus increases to €4,770
Audi is ensuring that its employees participate in the company’s success: A skilled worker at AUDI AG will receive a profit-sharing bonus of €4,770 for the 2017 financial year. The amount for this group of employees last year was €3,150. The company will pay out the bonuses to the eligible employees in Germany paid according… Continue reading Audi profit-sharing bonus increases to €4,770
Grab and Credit Saison Form Financial Services Joint Venture To Expand Access to Credit for Southeast Asia’s Unbanked
Singapore, 13 March, 2018 – Grab Inc. (“Grab”), the leading on-demand transportation and fintech platform in Southeast Asia, and Credit Saison Co., Ltd. (“Credit Saison”), one of Japan’s largest consumer financing companies, today announced a joint venture to provide loans and lending services to millions of unbanked and underbanked consumers, micro-entrepreneurs and small businesses across… Continue reading Grab and Credit Saison Form Financial Services Joint Venture To Expand Access to Credit for Southeast Asia’s Unbanked
Ford SUVs Power 8% Sales Growth in Europe; Ford Fiesta, Transit, Ranger Lead Segments
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading Ford SUVs Power 8% Sales Growth in Europe; Ford Fiesta, Transit, Ranger Lead Segments
Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
SINGAPORE, March 13, 2018 /PRNewswire/ — Grab, the leading on-demand transportation and fintech platform in Southeast Asia, has announced a partnership with Chubb, the world’s largest publicly traded property and casualty insurance company, to offer insurance solutions for Grab’s driver-partners. Using the Grab app, drivers will be able to select different insurance options to protect their… Continue reading Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
UPDATE 1-GM president says ‘shared sacrifice’ needed to fix GM Korea
DETROIT (Reuters) – General Motors Co (GM.N) President Dan Ammann said on Monday the automaker’s troubled South Korean operations can be a“sustainable, profitable business,” if unions and the South Korean government agree quickly on a restructuring. FILE PHOTO: Cars made by GM Korea are seen on trucks in a yard of GM Korea’s Bupyeong plant… Continue reading UPDATE 1-GM president says ‘shared sacrifice’ needed to fix GM Korea