WUHAN, China, March 30, 2021 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2020. Fourth Quarter 2020 Highlights Net sales rose 26.4%… Continue reading China Automotive Systems Reports Fourth Quarter and Fiscal Year 2020 Results
Tag: Autonomous
Sources: Didi Chuxing may raise $500m for self-driving unit ahead of IPO
Didi Autonomous Driving is reportedly looking to rake in up to US$500 million in the potential raise at a valuation of around US$6 billion. Go to Source
Argus Collaborates with Microsoft to Bring End-to-End Automotive Cyber Security Cloud Solution to Vehicle Manufacturers with Microsoft Azure IoT
Argus Cyber Security Suite of Solutions integrated with Microsoft’s Azure IoT platform to provide in-vehicle and off-board monitoring, analysis, and mitigation of cyber attacks from the cloud TEL AVIV, Israel, March 30, 2021 /PRNewswire/ — Argus Cyber Security, a global leader in automotive cyber security, has collaborated with Microsoft Azure IoT and joined the Microsoft… Continue reading Argus Collaborates with Microsoft to Bring End-to-End Automotive Cyber Security Cloud Solution to Vehicle Manufacturers with Microsoft Azure IoT
The Station: Breaking down TuSimple’s S-1
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 friends and new readers, welcome to The Station. A few items before we jump into the news. Rebecca Bellan, who started writing for TechCrunch earlier this month,… Continue reading The Station: Breaking down TuSimple’s S-1
Honda’s self-driving car: A smooth ride when all goes right
TOKYO — Level 3 autonomous driving promises to let drivers take their hands off the wheel and their eyes off the road under certain conditions. So how does Honda Motor’s Legend sedan — the first passenger car on the market equipped with this technology — deliver on that promise? To answer that question, a fellow… Continue reading Honda’s self-driving car: A smooth ride when all goes right
As Tesla gears up to release ‘Full Self-Driving’ to thousands more drivers, videos continue to show its flaws (TSLA)
Tesla is eyeing next month for a wider release of its “Full Self-Driving” beta software. The system is still buggy and sometimes gets drivers into dangerous situations, videos show. Neither the software nor Tesla’s Autopilot make its cars fully autonomous, despite the company’s marketing. See more stories on Insider’s business page. When Tesla beamed out… Continue reading As Tesla gears up to release ‘Full Self-Driving’ to thousands more drivers, videos continue to show its flaws (TSLA)
German Handelsblatt: Sports car subsidiary: VW CEO Herbert Diess: Porsche IPO has “no high priority” 001752
Porsche Volkswagen’s sports car subsidiary is unlikely to go public for the time being. (Photo: Reuters) Frankfurt / Main In the Volkswagen Group there is a dispute over a possible IPO of the sports car subsidiary Porsche. CEO Herbert Diess told the “Frankfurter Allgemeine Zeitung” (Saturday): “The topic of the Porsche IPO is currently not… Continue reading German Handelsblatt: Sports car subsidiary: VW CEO Herbert Diess: Porsche IPO has “no high priority” 001752
@VW Group: Brose and Volkswagen AG sign joint venture agreement002719
The Brose Group and Volkswagen AG have signed an agreement to establish a joint venture that will develop and manufacture complete seats, seat structures and components along with solutions for the vehicle interior. Brose will acquire half of Volkswagen subsidiary SITECH. Brose and Volkswagen will each hold a 50 percent share of the planned joint… Continue reading @VW Group: Brose and Volkswagen AG sign joint venture agreement002719
German Handelsblatt: Sports car subsidiary: VW CEO: Porsche IPO has “no high priority” 001750
Porsche Volkswagen’s sports car subsidiary is unlikely to go public for the time being. (Photo: Reuters) Frankfurt / Main In the Volkswagen Group there is a dispute over a possible IPO of the sports car subsidiary Porsche. CEO Herbert Diess told the “Frankfurter Allgemeine Zeitung” (Saturday): “The topic of the Porsche IPO is currently not… Continue reading German Handelsblatt: Sports car subsidiary: VW CEO: Porsche IPO has “no high priority” 001750
Nuro Announces New Investors in Series C
Nuro, a Mountain View, Calif.-based autonomous delivery company, received new investments in Series C funding round. Backers included Woven Capital, a newly established growth stage fund from Woven Planet, a Toyota subsidiary, Chipotle, and other new investors. They joined as part of Nuro’s recently closed $500m Series C round, led by funds and accounts advised by… Continue reading Nuro Announces New Investors in Series C