Ford Motor Co., the 119-year-old automaker based in Dearborn, reported third-quarter earnings Wednesday that reflected hard hits caused by increasing supplier costs along with exiting its investment in the Argo AI autonomous driving technology company. Argo will “wind down” its operations as Ford plans to absorb engineers and developers while also utilizing Argo facilities, Ford… Continue reading Ford’s earnings drop in 3rd quarter as it pays to exit Argo autonomous driving company
Tag: Autonomous
@GM: GM Secures All Energy Needed to Achieve Renewable Energy Goal 25 Years Ahead of Initial Target
GM Secures All Energy Needed to Achieve Renewable Energy Goal 25 Years Ahead of Initial Target 2022-10-26 Based on current projections, GM has reached its goal of securing enough renewable energy to power all of its U.S. sites by 2025 As one of the earliest adopters of renewable energy among corporate purchasers, GM has already… Continue reading @GM: GM Secures All Energy Needed to Achieve Renewable Energy Goal 25 Years Ahead of Initial Target
Ford takes $2.7B hit on Argo shutdown, shifts its bet to driver assist tech
As the third-quarter earnings drumbeat continues, we learned more about the state of global supply chains, global consumer appetite for big-ticket items and the future of self-driving technology. After the bell this afternoon, Ford beat Wall Street analyst revenue estimates of $36.25 billion, per Yahoo Finance, with automotive Q3 2022 top line of $37.2 billion,… Continue reading Ford takes $2.7B hit on Argo shutdown, shifts its bet to driver assist tech
Ford, VW-backed Argo AI is shutting down
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
Europa Wire: Your Daily Commutes Will be Seamless, Connected and Productive.000390
Your Daily Commutes Will be Seamless, Connected and Productive. Laureti & Icona’s Partnership Inches Closer Towards Connected Multimodal Mobility (PRESS RELEASE) LONDON, 26-Oct-2022 — /EuropaWire/ — The roaring 20s of this century are already seeing the mobility revolution through the rise of electric and autonomous technologies, continued innovations of Hyperloops, electric planes and maglev trains.… Continue reading Europa Wire: Your Daily Commutes Will be Seamless, Connected and Productive.000390
Europa Wire: CPSoSaware trials for Automotive and Manufacturing pillars000389
(PRESS RELEASE) RIO-PATRAS, Greece, 26-Oct-2022 — /EuropaWire/ — In the framework of EU funded Project CPSoSaware, pilot trials for Cyber-Physical Systems of Systems (CPSoS) demonstrations are going to take place during the 4th quarter of 2022. The trials will be realised in two pillars: Automotive, for semi-autonomous cars and Manufacturing, for Human-Robot Collaboration, putting into… Continue reading Europa Wire: CPSoSaware trials for Automotive and Manufacturing pillars000389
Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor recorded a net loss of $827 million during the third quarter, weighed down by supply chain problems and costs related to disbanding its autonomous vehicle unit Argo AI. Still, the automaker was able to narrowly beat Wall Street’s subdued expectations for the period and guided… Continue reading Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment
Jetson-Driven Grub Getter: Cartken Rolls Out Robots-as-a-Service for Deliveries
There’s a new sidewalk-savvy robot, and it’s delivering coffee, grub and a taste of fun. The bot is garnering interest for Oakland, Calif., startup Cartken. The company, founded in 2019, has rapidly deployed robots for a handful of customer applications, including for Starbucks and Grubhub deliveries. Cartken CEO Chris Bersch said that he and co-founders… Continue reading Jetson-Driven Grub Getter: Cartken Rolls Out Robots-as-a-Service for Deliveries
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
Tesla’s self-driving claims are reportedly under criminal investigation
/ The Department of Justice is said to be looking into at least a dozen crashes involving Tesla Autopilot, which the company has said is a precursor to fully autonomous vehicles Illustration by Alex Castro / The Verge Tesla is facing a criminal probe over its claims about its driver assist technology, according to Reuters.… Continue reading Tesla’s self-driving claims are reportedly under criminal investigation