Transformation and continuity on road to reorganization due to start in 2020 Executive Board member Nikolai Setzer to switch to new role of spokesman for the Automotive Board as of April 1, 2019 / Appointment extended to end of March 2024 ahead of time New Executive Board member Christian Kötz to take charge of the… Continue reading New Management Structure at Continental
Tag: Autonomous
IN-Campus Strategic Investment: New Technology Park for Future Projects
“IN” stands for innovation: With IN-Campus, AUDI AG and the city of Ingolstadt have gotten a strategic investment off the ground. The two parties are renovating the site of a former crude oil refinery together and transforming it into a campus—with a focus on the technologies of the future. Development of IN-Campus as an open… Continue reading IN-Campus Strategic Investment: New Technology Park for Future Projects
SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources
NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources
UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources
NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources
Uber said to be raising $1B at a $10B valuation for its self-driving car unit
Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes… Continue reading Uber said to be raising $1B at a $10B valuation for its self-driving car unit
Ford is expanding its self-driving vehicle program to Austin
Ford is preparing to open an autonomous vehicle program in Austin as the automaker continues to ramp up testing ahead of launching a self-driving taxi and delivery service in 2021, according to sources familiar with the development. A new job listing for an autonomous vehicles “market specialist” based in Austin, validates the information. Austin is… Continue reading Ford is expanding its self-driving vehicle program to Austin
Hyundai Mobis Accelerates Global Open Collaboration with Strategic Investment
SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) is accelerating for a full-scale collaboration with promising high-tech companies to become a global technology leader by reinforcing its competence in core technologies for future automotive vehicles. Hyundai Mobis announced on March 13 to push ahead equity investment to build a strategic partnership with China’s Deep Glint, which has… Continue reading Hyundai Mobis Accelerates Global Open Collaboration with Strategic Investment
Uber’s self-driving car unit was burning $20 million a month
Uber thought it would have 75,000 autonomous vehicles on the roads this year and be operating driverless taxi services in 13 cities by 2022, according to court documents unsealed last week. To reach those ambitious goals, the ride-sharing company, which hopes to go public later this year, was spending $20 million a month on developing… Continue reading Uber’s self-driving car unit was burning $20 million a month
ZF Establishes Its Own Technology Center for Artificial Intelligence and Cybersecurity
“With the new Technology Center for Artificial Intelligence and Cybersecurity, we are taking our Group-wide expertise in these key digital technologies to a new level. We are also in direct proximity to the most respected practical research institutions in these disciplines and can thus intensify our cooperation,” explained Wolf-Henning Scheider. “We will hire some 100… Continue reading ZF Establishes Its Own Technology Center for Artificial Intelligence and Cybersecurity
GM is doubling the staff for its self-driving car business
ASSOCIATED PRESS General Motors is ramping up its autonomous vehicle business. According to Reuters, the company is planning to hire 1,000 people over the next nine months to work on Cruise, a GM subsidiary that develops self-driving car technology. The hiring spree would double the amount of staff currently under the Cruise umbrella and would… Continue reading GM is doubling the staff for its self-driving car business