In the world of driverless cars, the big keep getting bigger. Waymo LLC has raised a further $750 million, pushing the total outside investment the company has announced in the past two months to $3 billion and bolstering its financial war chest at a time when the coronavirus pandemic has created new uncertainty in the… Continue reading Waymo Adds $750 Million to War Chest as Driverless Cars Prove Tough to Deploy – The Wall Street Journal
Tag: Waymo/Google
Fiat Chrysler and AV startup Voyage partner on self-driving minivans
Self-driving vehicle startup Voyage said Monday that it has inked a deal with Fiat Chrysler to supply purpose-built vehicles, a partnership that will help accelerate its plan to launch a fully driverless ride-hailing service. Voyage, a three-year-old startup that tests and operates a self-driving vehicle service (with human safety operators) in retirement communities in California… Continue reading Fiat Chrysler and AV startup Voyage partner on self-driving minivans
Resuming our driving operations in Phoenix
Back in March, we decided to suspend our driving operations in response to COVID-19 to ensure the safety of everyone involved in our services and local communities. Starting this coming Monday, May 11, Arizonans will begin to see some Waymo vehicles back on the road. The first part of our tiered approach to safely resume… Continue reading Resuming our driving operations in Phoenix
Magna Announces First Quarter 2020 Financial Results
Sales of $8.7 billion decreased 18%, compared to global light vehicle production down 27%Estimated COVID-19 impacts of approximately $1.1 billion on sales, $250 million on income from operations before income taxes and Adjusted EBITCash from operations of $639 million, an 8% increase over the first quarter of 2019AURORA, Ontario, May 07, 2020 (GLOBE NEWSWIRE) —… Continue reading Magna Announces First Quarter 2020 Financial Results
Silver Lake to invest $747M in India’s Jio Platforms
Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian… Continue reading Silver Lake to invest $747M in India’s Jio Platforms
AutoX starts official robot taxi service in Shanghai
The start-up AutoX has integrated its app into the Alibaba app area. The service is now officially on the market. Nice Waymo has put its app online for using the robot taxi service, but can only be used by selected people. The Chinese start-up AutoX operates in the USA also a robot taxi service, but… Continue reading AutoX starts official robot taxi service in Shanghai
Cruise hires PG&E board chairman Jeff Bleich as chief legal officer
Cruise, the subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is turning to a heavy hitter to head up its legal team. The autonomous vehicle technology company has hired Jeff Bleich, board chairman of utility Pacific Gas & Electric, as its chief legal officer.… Continue reading Cruise hires PG&E board chairman Jeff Bleich as chief legal officer
Uber argues ‘fraud’ absolves it from paying star engineer’s $179M fine to Google
Uber argued in a recent court filing that former employee Anthony Levandowski committed fraud, an action that frees the company from any obligation to pay his legal bills, including a judgment ordering the star engineer to pay Google $179 million. The court filing was first reported by Bloomberg. Uber’s fraud claim was part of its… Continue reading Uber argues ‘fraud’ absolves it from paying star engineer’s $179M fine to Google
Toyota-backed Pony.ai to offer autonomous delivery service in California
BEIJING (Reuters) – Toyota-backed self driving company Pony.ai said on Friday it would provide an autonomous delivery service to residents of Irvine, California, as demand for online orders surges because of the coronavirus lockdown. FILE PHOTO: An autonomous vehicle of self-driving car startup Pony.ai is seen during a government-organised tour to the Guangdong-Hong Kong-Macao Greater… Continue reading Toyota-backed Pony.ai to offer autonomous delivery service in California
Nuro gets OK to test its driverless delivery vehicles on California public roads
Autonomous delivery startup Nuro has been granted a permit to begin driverless testing on California’s public roads, paving the way for the company to roll out commercial operations throughout the state. Nuro, which raised $940 million from SoftBank Vision Fund last year, is allowed to put two of its low-speed electric R2 delivery vehicles on… Continue reading Nuro gets OK to test its driverless delivery vehicles on California public roads