Autobrains Founder and CEO, Igal Raichelgauz. Autobrains (formerly known as Cartica AI), a Tel Aviv, Israel-based developer of self-learning artificial intelligence technology for assisted and autonomous driving, raised $101m in Series C financing. The round was led by Singaporean Temasek, with participation from new investors Knorr-Bremse AG and VinFast, as well as existing investor BMW and Continental AG.… Continue reading Autobrains Raises $101M in Series C Funding
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The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup
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. Hello readers: Welcome to The Station, your spooktacular central hub for all past, present and future means of moving people and packages from Point A to Point B.… Continue reading The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup
Tesla launches new ‘financial leasing’ product to buy cars with 0% down payment
Tesla has launched a new financial product called “financial leasing” that enables customers to buy its cars with no down payment. It’s currently only available in China. Over the weekend, Tesla updated its online configurator in China to add a new financing option when buying a vehicle online. Along with cash or loan, Tesla is… Continue reading Tesla launches new ‘financial leasing’ product to buy cars with 0% down payment
Tesla recalls nearly 3,000 Model 3 and Model Y vehicles over separating suspensions
Tesla is recalling 2,791 Model 3 and Model Y vehicles over concerns that their front suspension lateral link fasteners may loosen, potentially shifting the wheel alignment and increasing the risk of a crash. The affected vehicles are 2019, 2020 and 2021 versions of the Model 3, and 2020 and 2021 editions of the Model Y.… Continue reading Tesla recalls nearly 3,000 Model 3 and Model Y vehicles over separating suspensions
Amazon reveals 20% stake in Rivian ahead of EV maker’s IPO
Amazon disclosed Friday that it owns a 20% stake in Rivian, the electric automaker that filed for an IPO earlier this month. As of September 30, the e-commerce giant held equity investments, including preferred stock of Rivian that represented about 20% ownership interest, according to the filing. That holding had a “carrying value” of $3.8… Continue reading Amazon reveals 20% stake in Rivian ahead of EV maker’s IPO
Toyota fixes Tesla’s ‘yoke’ steering wheel in its first electric SUV with steer-by-wire system
Toyota has unveiled a steering wheel similar to Tesla’s “yoke” steering wheel in its first electric SUV, but the automaker has introduced an important feature that fixes the main problem of the Tesla yoke. When Tesla unveiled the new Model S with the “yoke” butterfly steering wheel, it was controversial. Some were worried about the… Continue reading Toyota fixes Tesla’s ‘yoke’ steering wheel in its first electric SUV with steer-by-wire system
Toyota’s first battery EV has 280-mile range and a solar roof option
This past April, Toyota teased the bZ4X, the first of seven “Beyond Zero” fully electric vehicles the automaker said it would debut by 2025. Other than to reveal it was working with Subaru to develop the SUV and that it would include its upcoming e-TNGA powertrain, the company didn’t share many details about the bZ4X. On… Continue reading Toyota’s first battery EV has 280-mile range and a solar roof option
Toyota’s new electric SUV has a solar roof and a steering yoke like Tesla
Toyota released new details about its upcoming electric compact SUV, the BZ4X, which includes an optional solar roof and a steering yoke similar to the one featured in the latest version of the Tesla Model S. The steering yoke, which Toyota describes as having a “wing-shape,” employs a steer-by-wire system, where there is no mechanical… Continue reading Toyota’s new electric SUV has a solar roof and a steering yoke like Tesla
Bosch to invest another $467 million to boost chipmaking capacity
German technology and parts supplier Robert Bosch GmbH will invest another 400 million euros ($467 million) to expand its chip manufacturing facilities in response to the ongoing semiconductor shortage that has wreaked havoc on the production of everything from vehicles and appliances to personal computers and power tools. The boosted expenditure, which is earmarked for… Continue reading Bosch to invest another $467 million to boost chipmaking capacity
Mercedes cars will have optional Dolby Atmos audio starting in 2022
You won’t have to buy a Lucid Air if you want a car with more immersive Dolby Atmos. Mercedes will equip its cars with Atmos audio on all models that use both its latest MBUX interface (introduced with the latest S-Class) and an optional Burmester 3D or 4D sound system. Whether or not you’ll driving, you’ll hear compatible music in… Continue reading Mercedes cars will have optional Dolby Atmos audio starting in 2022