Lidar startup AEye raises $40M Series B led by the Taiwanese government’s investment firm

Lidar technology developer AEye will scale its operations globally through manufacturing partnerships after raising a $40 million Series B. The round was led by Taiwania Capital, the investment firm created and backed by Taiwan’s National Development Council, and included returning investors Kleiner Perkins, Intel Capital, Airbus Ventures, and Tychee Partners. This brings the California-based startup’s… Continue reading Lidar startup AEye raises $40M Series B led by the Taiwanese government’s investment firm

Autonomous Car Firm Aurrigo Shares Successes From UK Autodrive Programme

The race to build a future of self-driving cars has ramped up, with multiple companies such as Jaguar Land Rover, Tesla, Toyota, and others joining in and UK private transport firm Addison Lee reporting last month that driverless cars will become a regular phenomenon by 2021. Sputnik spoke with Miles Garner, sales and marketing director at Aurrigo,… Continue reading Autonomous Car Firm Aurrigo Shares Successes From UK Autodrive Programme

VW-backed ride-hailing app Gett seeks buyers to compete with bigger rivals

November 19, 2018 Gett Inc., the ride-hailing app valued at more than $1 billion and backed by Volkswagen AG, is looking for buyers in a bid to compete with larger rivals, people familiar with the matter said. The Israeli tech company has approached potential bidders including other car-hire firms, the people said, asking not to… Continue reading VW-backed ride-hailing app Gett seeks buyers to compete with bigger rivals

Apple’s Mysterious Car Project

Apple's been busy working on an autonomous driving system.

Rumors have been circulating for the past several years about a secret car project that Apple is working on. The project is called Project Titan. Apple hopes this could launch the company into the autonomous vehicle market, reports The Motley Fool. Reports show that the company has pivoted from developing its own Apple branded cars to developing an autonomous driving system.

Some rumors state that Apple will be scaling back and perhaps has even scrapped its car ambitions. What does that leave for the latest news about Apple’s Project Titan? According to MacReports, this past July, Apple had permits to drive 66 autonomous vehicles on California’s roads. Records from the California Department of Motor Vehicles show that Apple has also been approved for 111 “safety drivers.” For those who are unaware what a safety driver is, a safety driver is the individual behind the wheel of these autonomous cars as they are being tested in order to take over if something does go wrong. Apple has thus far tested 27 autonomous vehicles.

John Gruber of technology blog Daring Fireball recently confirmed for followers that Apple’s former VP of Mac hardware engineering is returning to the company. Allegedly this return is due to his work on Apple’s Project Titan. Gruber was previously in charge of Tesla’s Model 3 production since 2013. Because of this, rumors have been going around that Apple is striving to develop its own vehicle to compete with Tesla. It seems as though they are, however, focusing on the autonomous driving system despite major setbacks in the past, as cited by The Motley Fool.

Apple’s management has spoken up about the Titan Project recently, breaking their reigning silence on the secretive work. Apple CEO Tim Cook told Bloomberg in 2017 that even though the initial purpose of autonomous systems is self driving vehicles, there are in fact other uses.

“Clearly, one purpose of autonomous systems is self-driving cars, there are others. And we sort of see it as the mother of all AI projects. It’s probably one of the most difficult AI projects to work on. So autonomy is something that is incredibly exciting for us. But we’ll see where it takes us. We’re not really saying from a product point of view what we’ll do. It’s a core technology that we view as very important.”

Cook did not precisely say what Apple has in store for its autonomous technology use. Besides the fact that it confirmed Apple was working on self-driving car hardware, a document filed by Apple also said that 5,000 employees know about the car project and that 2,700 of those are “core employees.”

Elon Musk told Tesla employees they should be making 7,000 Model 3s per week by November 28: Report (TSLA)

Tesla CEO Elon Musk sent an email to employees setting a production goal of 1,000 Model 3 sedans per day by November 28, Electrek reports. That would result in a weekly production rate of 7,000 Model 3s each week, since the Fremont, California, factory where Tesla makes the Model 3 runs seven days per week.… Continue reading Elon Musk told Tesla employees they should be making 7,000 Model 3s per week by November 28: Report (TSLA)

THE KEOLIS AUTONOM SHUTTLES PUT INTO SERVICE WITHIN THE RENNES CAMPUS 1 ON OPEN ROAD

16 November 2018 THE KEOLIS AUTONOM SHUTTLES PUT INTO SERVICE WITHIN THE RENNES CAMPUS 1 ON OPEN ROAD From Friday, November 16, students and staff of the Beaulieu campus of the University of Rennes 1 can move around the campus using one of the two AUTONOM SHUTTLES. An AUTONOM SHUTTLE service on open roads KEOLIS,… Continue reading THE KEOLIS AUTONOM SHUTTLES PUT INTO SERVICE WITHIN THE RENNES CAMPUS 1 ON OPEN ROAD

VW wants to be the most profitable electric car company in the world

Justin Sullivan | Getty Images
The Volkswagen logo is displayed at Serramonte Volkswagen on November 18, 2016 in Colma, California.

Volkswagen announced it's to spend 44 billion euros ($50 billion) on new plants, electric cars, autonomous driving and mobility services.

The war chest is to be spent in the four years between 2019 and 2023 and represents about a third of the company's total outlay allocated to the four-year period.

“One aim of the Volkswagen Group's strategy is to speed up the pace of innovation. We are focusing our investments on the future fields of mobility and systematically implementing our strategy,” Herbert Diess, the CEO of Volkswagen, said in a press release, issued after a Supervisory Board meeting Friday.

VW CEO: We will be most profitable electric car firm
12 Mins Ago | 02:22

Diess told CNBC's Annette Weisbach that he expects the German carmaker to be the most profitable maker of electric cars thanks to its economies of scale. The auto group said it wanted to improve productivity by focusing its electrification strategy within Germany, while pushing some traditional engines to multi-brand factories in eastern Europe.

German plants in Emden and Hanover will be converted to build electric vehicles, while the Volkswagen Passat family will now be built in the Czech Republic. A new location in Eastern Europe will be built for some Skoda and SEAT cars.

VW Group added that it wanted its automotive division to lower its capital expenditure ratio to 6 percent of revenues from 2020 onward.

VW CEO: Politicians are beating auto firms up
11 Mins Ago | 02:06

Diess said VW's previous “bad behavior” meant that his firm had been “beaten up” by politicians in Germany and abroad but he hoped that relations were improving.

PowerSphyr Raises $4M in Series A Focusing on Automotive “Cockpit of the Future”

DANVILLE, Calif., Nov. 8, 2018 /PRNewswire/ — PowerSphyr, Inc. today announced an increased investment from Faurecia, one of the world’s leading automotive technology companies. “This is the ultimate ‘smart money’ investment given Faurecia’s commitment to deliver the truly connected car,” said Neil Ganz, President, and CEO. “This investment brings embedded wireless power to the global automotive… Continue reading PowerSphyr Raises $4M in Series A Focusing on Automotive “Cockpit of the Future”

Supervisory Board of Volkswagen AG re-assigns responsibility for China Board of Management Division

The Supervisory Board of Volkswagen Aktiengesellschaft has assigned responsibility for the China Board of Management Division to Dr. Herbert Diess, the Chairman of the Board of Management, in addition to his other duties. At the same time, the Volkswagen Group is reordering its management structure for the China region. The reordering and direct assignment of… Continue reading Supervisory Board of Volkswagen AG re-assigns responsibility for China Board of Management Division

Volkswagen redefines plant assignment and focuses more closely on multi-brand plants

At its meeting today, the Supervisory Board of Volkswagen Aktiengesellschaft approved the new plant assignment plans. The strategic plant assignment reflects the challenges of the next five years and lays the necessary foundations. The plants in Emden and Hanover will be converted to build electric vehicles: models from the ID. family will begin rolling off… Continue reading Volkswagen redefines plant assignment and focuses more closely on multi-brand plants