After months of breathless anticipation and a week of bro-tastic testimony, the Waymo v. Uber lawsuit, in which Google’s driverless tech arm sued the ride-hailing pioneer over allegedly stolen autonomous vehicle technology, is over. In a surprise move, Uber announced today that it has settled with Waymo, offering the company 0.34 percent of Uber’s equity at its current… Continue reading Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit
Tag: Autonomous
Bankinter and Trive join forces to buy and finance ‘online’ vehicles
Posted 09/02/2018 12: 16: 22CET MADRID, 9 Feb. (EUROPA PRESS) – Bankinter Consumer Finance, the subsidiary of Bankinter specializing in consumer credit, and the purchase application of new ‘online’ cars Trive, have teamed up to allow the sale and financing of a car on the web from start to finish, according to the assured the… Continue reading Bankinter and Trive join forces to buy and finance ‘online’ vehicles
Autonomous LA-to-NYC Tesla Trip Past Deadline, Still Coming
Tesla Inc. hasn’t thrown its plan to demonstrate an autonomous cross-country drive out the window — it’s just tapped the brakes. Chief Executive Officer Elon Musk said a self-driving Tesla will attempt the trip from Los Angeles to New York in the next three to six months after missing the deadline he set for late… Continue reading Autonomous LA-to-NYC Tesla Trip Past Deadline, Still Coming
Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
In Brief Waymo and Uber’s self-driving systems use LIDAR technology to navigate traffic. But Tesla CEO Elon Musk says cameras — not LIDAR — are the way to go. Vision of the Future Elon Musk recently reiterated his stance that Light Detection and Ranging (LIDAR) technology is not a critical component of autonomous driving systems.… Continue reading Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
Q&A with Alfonso Albaisa, Senior Vice President, Global Design, Nissan Motor Company
Can you begin by telling us a little about yourself?I wanted to be a designer for as long as I could remember. I didn’t realise that there were any other fields until I was a little bit older, because my dad was an architect, and my uncles were architects, so I thought that was all… Continue reading Q&A with Alfonso Albaisa, Senior Vice President, Global Design, Nissan Motor Company
Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization
Sergio Marchionne, who has led Fiat Chrysler Automobiles since 2009, has words of advice for the automobile industry: The future of cars is coming swiftly, and if you can’t innovate and differentiate, you won’t survive. Marchionne, one of the longest-serving chief executives in the auto industry, confirmed on Monday, the opening of the North American… Continue reading Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization
Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Dongfeng Yulon moves into high gear, by rebranding
Dongfeng Yulon’s Luxgen models are displayed at an auto show in Changchun, Jilin province. [Photo/China Daily] Dongfeng Yulon Motor Co, a joint venture between the Chinese mainland’s Dongfeng Motor Corp and Taiwan’s Yulon Motor, is re-positioning itself in an attempt to rev up its performance in the competitive Chinese market. Jack Hsin-fa Wu, general manger… Continue reading Dongfeng Yulon moves into high gear, by rebranding
Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017 Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars. Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017