Tag: People

Google Emails Show Internal Concern Over Losing Driverless Lead

Three years ago, the head of Google’s self-driving car project emailed co-founders Larry Page and Sergey Brin to sound an alarm. “Over the last six months we have stopped playing to win and instead are now playing to minimize downside,” Chris Urmson wrote. The source of his worry: Uber. That missive from Urmson, who left… Continue reading Google Emails Show Internal Concern Over Losing Driverless Lead

Porsche doubles e-mobility investment to over six billion euros by 2022

ATLANTA, Feb. 5, 2018 /PRNewswire/ — Porsche has been putting together an unprecedented future development plan: By 2022, the sports car manufacturer will invest more than six billion euros in e-mobility, focusing on both plug-in hybrids and purely electric vehicles. The decision was made by the Porsche AG Supervisory Board at its most recent meeting. “We… Continue reading Porsche doubles e-mobility investment to over six billion euros by 2022

GM races to build a formula for profitable electric cars

By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has… Continue reading GM races to build a formula for profitable electric cars

Car Rental Startup eZhire Raises Seed Investment

Dubai. Photo via Rivella/Pixabay Dubai-based startup eZhire, an on-demand rental car app, has raised seed funding in a round led by Jabbar Internet Group, according to an article by Entrepreneur Middle East. Investors Ali Al-Salim of Arkan Partners and Sahm Yaghi of Al Jal Investors were also part of the round. The amount was undisclosed,… Continue reading Car Rental Startup eZhire Raises Seed Investment

Jaguar’s Technology Startup to Build Car Service Apps

Logo courtesy of Jaguar Land Rover. Jaguar Land Rover has launched InMotion, a new technology business that builds apps and on-demand services to overcome transport challenges. InMotion will begin testing a number of different services, such as carsharing and car ownership solutions, across North America, Europe, and Asia in the coming months. “With the development… Continue reading Jaguar’s Technology Startup to Build Car Service Apps

Bridgestone Elevates Standards in Sustainable Procurement Practices; Launches New Policy for Suppliers and Partners

Minimum requirements strengthen existing guidelines for Respect of Human Rights, Environmental Standards and Product Quality while including additional requirements for Land Conservation and Rights, Point of Origin Traceability and Resilience TOKYO, Feb. 5, 2018 /PRNewswire/ — Bridgestone Corporation (Bridgestone), the world’s largest tire and rubber company, today announced a new Global Sustainable Procurement Policy to help… Continue reading Bridgestone Elevates Standards in Sustainable Procurement Practices; Launches New Policy for Suppliers and Partners

Fair Raises Funding; Acquires Skurt

Fair, a Santa Monica, CA-based provider of an app that lets people shop, get approved and pay for cars, closed a strategic equity funding of undisclosed amount. The round was led by next47, with participation from BMW, CreditEase FinTech Investment Fund, Millennium Technology Value Partners, 137 Ventures, G Squared, and Upfront Ventures. Led by Scott… Continue reading Fair Raises Funding; Acquires Skurt

Toyota’s Way Changed the World’s Factories. Now the Retool

Over decades, Toyota Motor Corp. built a corporate culture that was the envy of the manufacturing world. Now the auto industry’s most-emulated company is overhauling the way it brings its vaunted production system to every corner of the business. The automaker last month created a single group, staffed with 200 employees, to manage the Toyota Production System,… Continue reading Toyota’s Way Changed the World’s Factories. Now the Retool