The car leasing and rental market is forecast to be worth $124 billion in 2022, and today a startup that is hoping to get a piece of that action by making the process of leasing a car easier is announcing a Series A in its effort to get there. Honcker — a New York-based startup… Continue reading Honcker raises at least $15M from IAC as it takes on the car-leasing-on-demand market
Tag: Autonomous
BRIEF-Avis Budget To Continue To Expand Operations With Waymo
Feb 22 (Reuters) – Avis Budget Group Inc: * AVIS BUDGET GROUP SEES ABOUT $20 MILLION HIGHER VEHICLE INTEREST EXPENSE IN 2018, PARTLY RESULTING FROM RISING U.S. INTEREST RATES * “WILL CONTINUE TO EXPAND OUR OPERATIONS WITH WAYMO” – CONF CALL * TALKING TO OTHER MOBILITY SOLUTION PROVIDERS, SEE SOME OF THOSE UNFOLD AS WELL… Continue reading BRIEF-Avis Budget To Continue To Expand Operations With Waymo
Elon Musk is leaving board of the non-profit AI safety group, OpenAI
Elon Musk is leaving board of the non-profit AI safety group, OpenAI in order to remove a potential conflict of interest between the group’s work and the work on artificial intelligence his companies are undertaking. The Tesla CEO co-founded OpenAI in December 2015 along with Y Combinator president Sam Altman, not so long after he’d… Continue reading Elon Musk is leaving board of the non-profit AI safety group, OpenAI
Mastering the map: the key to an autonomous future
One of the key factors that will determine the success of autonomous cars is mastering the roadmap. The connected car of the future will rely heavily on a data-driven mapping system – a system that ‘self-heals’ and can understand the road environment beyond the range of a car’s onboard sensors. Maps need to be both… Continue reading Mastering the map: the key to an autonomous future
On-Demand with Pooling | Moovel pilot project in Karlsruhe
On the occasion of the IT-Trans fair Moovel offers together with the Karlsruher Verkehrsverbund an on-demand pooling service. Over three days, you can use the transport service for free, which is part of the IT trans Karlsruhe which is also a test field for autonomous driving. The car service is organized by the Mercedes Benz… Continue reading On-Demand with Pooling | Moovel pilot project in Karlsruhe
Watch Airbus’ drone taxi take to the skies for the first time
Vahana/Airbus Back in late January, Airbus’ Vahana team successfully flew their autonomous air taxi for the first time. Now, you can finally watch how the drone stayed in the air on its own in the video below the fold. It shows the aircraft hovering around 16 feet above the ground for a few seconds —… Continue reading Watch Airbus’ drone taxi take to the skies for the first time
Visteon Reports Strong 2017 Financial Results
View the full-year 2017 financial summary infographic Visteon Announces Strong 2017 Results Delivered strong financial performance Sales of $3,146 million ($797 million in fourth quarter) Net income of $176 million ($25 million in fourth quarter) Adjusted EBITDA of $370 million ($102 million in fourth quarter) Adjusted free cash flow of $148 million ($58 million in… Continue reading Visteon Reports Strong 2017 Financial Results
Geneva Motor Show: Volkswagen premiers ‘autonomously driving’ I D VIZZION concept car
CHENNAI: German auto major Volkswagen on Thursday premiered its I D VIZZION concept car at Geneva Motor Show. After presenting the first all-electric vehicles of the new I D family models , the Volkswagen brand is now showing, for the first time, a concept of an autonomously driving automobile.Volkswagen is currently advancing the development of… Continue reading Geneva Motor Show: Volkswagen premiers ‘autonomously driving’ I D VIZZION concept car
Cybersecurity by Panasconic & Trend Micro
The two companies, Panasonic and Trend Micro, agree on a joint development of cybersecurity for networked and autonomous driving. The data security is getting more and more into the foreground and so now have the two companies Panasonic and Trend Micro made an agreement to work together. The focus of the planned security system is… Continue reading Cybersecurity by Panasconic & Trend Micro
Hyundai’s Next-Generation Fuel Cell Vehicle NEXO Boasts World’s Best Driving Range
SEOUL, South Korea, Feb. 21, 2018 /PRNewswire/ — It’s been a busy start to the year for Hyundai’s next-generation fuel cell vehicle NEXO, scheduled to be released in Korea next month. Unveiled at CES 2018 as the technological flagship of Hyundai’s growing eco-vehicle portfolio, the NEXO SUV model is set to spearhead Hyundai Motor’s plans to… Continue reading Hyundai’s Next-Generation Fuel Cell Vehicle NEXO Boasts World’s Best Driving Range