Toyota is buying Lyft’s self-driving technology unit for $550 million, the companies said Monday. Lyft joins Uber in ditching plans to make its own self-driving vehicle. The self-driving unit, Level 5, will become a part of Toyota’s new Woven Planet division. See more stories on Insider’s business page. Toyota Motor Corp will acquire Lyft Inc’s self-driving… Continue reading Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
Tag: Waymo/Google
4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.
Dara Khosrowshahi prioritized fixing Uber’s culture when he became CEO in 2017. Since then he’s made decisions aimed at making Uber more ethical and transparent. His efforts have largely been successful, Uber employees and a Wall Street analyst told Insider. See more stories on Insider’s business page. Dara Khosrowshahi was shopping for groceries in August… Continue reading 4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.
Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut …
Shares of TuSimple Holdings Inc made a lackluster U.S. stock market debut on Thursday, giving the self-driving truck maker a market capitalization of $8.5 billion. TuSimple shares opened at $40.25, marginally higher than their initial public offering (IPO) price of $40 per share. The San Diego, California-based company sold about 27 million shares in its IPO… Continue reading Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut …
Walmart helps push Cruise’s latest investment round to $2.75B
Cruise, the autonomous vehicle company aiming to deploy robotaxis in San Francisco and Dubai, has added Walmart as an investor in an extended fundraising round that has grown to $2.75 billion. The company said it has a post-money valuation of more than $30 billion. Walmart and several unnamed institutional investors added capital to a $2… Continue reading Walmart helps push Cruise’s latest investment round to $2.75B
Chinese autonomous vehicle startup WeRide scores permit to test driverless cars in San Jose
WeRide, the Chinese autonomous vehicle startup that recently raised $310 million, has received a permit to test driverless vehicles on public roads in San Jose, California. WeRide is the seventh company, following AutoX, Baidu, Cruise, Nuro Waymo and Zoox, to receive a driverless testing permit. In the early days of autonomous vehicle development, testing permits… Continue reading Chinese autonomous vehicle startup WeRide scores permit to test driverless cars in San Jose
Meet the Waymo power players who will replace John Krafcik as the co-CEOs of Google’s $30 billion self-driving unit
Waymo’s former COO, Tekedra Mawakana and former CTO, Dmitri Dolgov, are its new co-CEOs. Mawakana is a policy expert who’s led Waymo’s strategy, operations, marketing, and public affairs. Dolgov is in charge of developing the company’s software and hardware. See more stories on Insider’s business page. After longtime Waymo CEO John Krafcik decided to step… Continue reading Meet the Waymo power players who will replace John Krafcik as the co-CEOs of Google’s $30 billion self-driving unit
The Station: Argo AI plots its fundraising course and Waymo changes leadership
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from… Continue reading The Station: Argo AI plots its fundraising course and Waymo changes leadership
Capstone of my career: Email from John Krafcik to Waymonauts
Dear Waymonauts, After five and a half exhilarating years leading this team, I’ve decided to depart from my CEO role with Waymo and kick-off new adventures. To start, I’m looking forward to a refresh period, reconnecting with old friends and family, and discovering new parts of the world. And I’ll continue to serve as an… Continue reading Capstone of my career: Email from John Krafcik to Waymonauts
Optimus Ride partners with Polaris to commercialize electric autonomous vehicles
Autonomous, electric mobility service provider Optimus Ride announced a partnership with powersports vehicle manufacturer Polaris to bring fully autonomous GEM electric vehicles to market. The two will introduce a new line of Polaris GEM low-speed vehicles that will be engineered to fully integrate Optimus Ride’s autonomous software and hardware suite. The microtransit vehicles are expected… Continue reading Optimus Ride partners with Polaris to commercialize electric autonomous vehicles
Aurora, Volvo are latest partners on self-driving heavy trucks
By Paul Lienert, Hyunjoo Jin 3 Min Read (Reuters) – Global heavy truck manufacturers are lining up technology partners to help build out self-driving systems for long-haul freight that could see widespread commercial service well before self-driving robotaxis. FILE PHOTO: The logo of Volvo is seen on the front grill of a Volvo XC40 SUV… Continue reading Aurora, Volvo are latest partners on self-driving heavy trucks