Right from the start, Daimler Truck Holding AG will have a sound financial position with high levels of capital and liquidity. As of 1 January 2021, shareholders’ equity on a pro-forma basis (IFRS) amounted to approximately €11.1 billion, equivalent to an equity ratio of 22%. Daimler AG will equip Daimler Truck Holding AG with a… Continue reading @Daimler: 30. Jul 2021Go-ahead for Mercedes-Benz Cars and Daimler Truck as independent companies by Board of Management and Supervisory Board
Tag: Waymo/Google
Kodiak Robotics’ founder says tight focus on autonomous trucks is working
Kodiak Robotics is one of the last private autonomous vehicles companies focused on trucking that is still standing. Nearly all the rest have been wooed by the public marketplace and the capital it can provide. But co-founder and CEO Don Burnette says the three-year-old company’s strategy of staying focused and small(er) is paying off. It… Continue reading Kodiak Robotics’ founder says tight focus on autonomous trucks is working
German Manager Magazin: Demolition of Daimler: Mercedes Benz Group wants to keep 35 percent of Daimler Truck001003
Now the way is clear. Board of Directors and Supervisory Board of the Daimler-Group decided this Friday to split up the group. As already announced, the truck and bus business, which generated sales of 18.7 billion euros for the group in the first half of the year, is to be spun off into the newly… Continue reading German Manager Magazin: Demolition of Daimler: Mercedes Benz Group wants to keep 35 percent of Daimler Truck001003
Argo AI can now offer the public rides in its autonomous vehicles in California
Argo AI, the autonomous vehicle technology startup backed by Ford and VW, has landed a permit in California that will allow the company to give people free rides in its self-driving vehicles on the state’s public roads. The California Public Utilities Commission issued the so-called Drivered AV pilot permit earlier this month, according to the… Continue reading Argo AI can now offer the public rides in its autonomous vehicles in California
Google’s self-driving startup Waymo argues the UK shouldn’t cap autonomous cars on the road
Google’s self-driving division Waymo argued the UK shouldn’t restrict autonomous cars on the road. Its comments come as the UK consults on the regulation of driverless cars. Cars with some level of self-driving capabilities will be permitted on UK roads this year. Loading Something is loading. Waymo, the self-driving vehicles startup owned by Google, has… Continue reading Google’s self-driving startup Waymo argues the UK shouldn’t cap autonomous cars on the road
Waymo to open offices in Pittsburgh, an AV tech hub
Waymo, Google’s former self-driving car project that’s now an independent business unit under Alphabet, is expanding its presence in the eastern U.S. The company said Thursday it would be opening offices in Pittsburgh, joining a growing suite of companies developing and testing autonomous vehicle technology in the Steel City. The company will start by hiring… Continue reading Waymo to open offices in Pittsburgh, an AV tech hub
Ford, Argo AI team with Lyft to launch self-driving robotaxi service in Miami, Austin
Ford Motor Co. and Argo AI will launch a limited robotaxi service on ride-sharing company Lyft’s platform beginning later this year, the companies announced Wednesday. The initial deployment of the service in two cities — Miami later this year, and Austin next year — marks a significant step on Ford’s path to launching a commercial autonomous-vehicle business. The project… Continue reading Ford, Argo AI team with Lyft to launch self-driving robotaxi service in Miami, Austin
German Manager Magazin: 11 billion dollar valuation and hardly any income000951
The robot car company Aurora is the first promising developer of future technology to go public. So far from, among others Amazon supported company takes – like many start-ups currently – an abbreviation via the merger with an already listed company shell, a so-called Spac (“Special Purpose Acquisition Company”). Aurora is valued at around eleven… Continue reading German Manager Magazin: 11 billion dollar valuation and hardly any income000951
The rising stars of self-driving vehicles, from companies like Waymo, Aurora, and Cruise
Qian Chu, 27, TuSimple TuSimple As a senior technical project manager at TuSimple, Qian Chu leads the team responsible for technology development, testing, and integration. She was one of TuSimple’s 25 first employees and plays an important role in keeping the development of TuSimple’s automated-driving system on track, a TuSimple spokesperson said. Chu has a… Continue reading The rising stars of self-driving vehicles, from companies like Waymo, Aurora, and Cruise
Uber, Tesla, and Rivian are locked in a war for talent. Here’s how much they pay their employees.
Insider has analyzed salary data from some of the top transportation-tech companies. The list includes Tesla, Uber, Rivian, and Amazon-owned Zoox. The data comes from filings shared with the US government. See more stories on Insider’s business page. The war for talent between transportation technology companies is heating up, as the incumbents and upstarts poach… Continue reading Uber, Tesla, and Rivian are locked in a war for talent. Here’s how much they pay their employees.