Innovusion, a two-year-old startup developing LiDAR sensor technology for autonomous vehicles, has raised $30 million in a Series A funding round co-led by Chinese firms Nio Capital and Eight Roads Ventures along with U.S.-based F-Prime Capital. Other seed round and strategic investors joined the round, the startup said. Nio Capital is the venture arm of… Continue reading China’s NIO invests in LiDAR startup Innovusion
Tag: Mobility
Comroads launches first community for sharing dash cam footage
Featured stories Traffic accidents occur quickly and often the driver responsible for causing the crash leaves the scene of the incident before proper information can be exchanged. While a single dash cam can help catch some of the details, one dash cam is often not enough to provide a full picture of what happened. Tel… Continue reading Comroads launches first community for sharing dash cam footage
Magna Invests in Advanced Motion-control Software by Acquiring Haptronik GmbH
“Haptronik develops algorithms to enhance the control and feel of power systemsCutting-edge technology will strengthen Magna’s leadership in mechatronicsDeal will help Magna take power doors and liftgates to new levels of excellenceAURORA, Ontario, Oct. 25, 2018 (GLOBE NEWSWIRE) — Drivers and passengers will enjoy a more intuitive experience thanks to technology which relies on motion… Continue reading Magna Invests in Advanced Motion-control Software by Acquiring Haptronik GmbH
Faraday Future Achieves Decisive Victory On Its Emergency Relief Application And Welcomes Investors Around The World
LOS ANGELES, Oct. 25, 2018 /PRNewswire/ — Faraday Future (FF) today obtained a decisive victory on its application for emergency relief against Evergrande Health Industry Group Ltd. (Evergrande) filed in the Hong Kong International Arbitration Centre. Specifically, the arbitrator concluded that Evergrande can no longer prevent FF from seeking funding through other channels. Among other… Continue reading Faraday Future Achieves Decisive Victory On Its Emergency Relief Application And Welcomes Investors Around The World
Porsche Consulting: A New Age Dawns
Death Valley seems almost pleasant in comparison to the Atacama Desert, located in the Antofagasta Region of Chile—the driest place in the world, where rain might not fall for decades and temperatures can swing between 86 degrees Fahrenheit by day and 5° F at night. This is also a land of massive, gaping craters—and one… Continue reading Porsche Consulting: A New Age Dawns
Faurecia to buy car navigation unit Clarion from Hitachi for $710m
October 25, 2018 French car parts maker Faurecia SA is set to buy a majority stake in Japanese car navigation system maker Clarion Co from Hitachi Ltd for around 80 billion yen ($710 million), the Nikkei reported on Thursday. The report said Hitachi agreed to sell most of its stake to Faurecia, making the French… Continue reading Faurecia to buy car navigation unit Clarion from Hitachi for $710m
General Motors bets €4.3bn on the long road to safe driverless taxi
By Heather Somerville It’s one of the biggest bets going in the world of cars: Since May, General Motors (GM) and its Cruise self-driving car unit have landed €4.35bn in investment commitments from Japan’s SoftBank and Honda Motor to develop a robot taxi service that could safely navigate the city streets of San Francisco by… Continue reading General Motors bets €4.3bn on the long road to safe driverless taxi
Volkswagen expects an SUV share of 50% by 2025
The Touareg is at the top end of Volkswagen‘s SUV range, while the T-Roc is currently the brand‘s smallest SUV. In this respect, it will be succeeded by the new T-Cross, which will make its world debut this Thursday. Volkswagen anticipates especially strong SUV growth in North and South America, as well as in China… Continue reading Volkswagen expects an SUV share of 50% by 2025
Tesla ‘obviously’ plans to take on Uber and Lyft, says CEO Elon Musk
Tesla just posted a big earnings beat — Here's what three experts say investors should know
2 Hours Ago | 02:05
On a third-quarter earnings call, Tesla CEO Elon Musk said the company “obviously” plans to jump into ride-hailing in the era of self-driving cars.
“Tesla will operate its own ride-hailing services and compete directly with Uber and Lyft, obviously.” Musk said.
Tesla's platform, which is not yet operational, will give customers the ability to “offer their car, add or subtract to the fleet at will,” Musk said. Tesla plans to run a company-owned fleet of autonomous vehicles to pick up passengers wherever or whenever there are not enough customer cars to be lent out, he said comparing this service to the peer-to-peer lodgings business of Airbnb.
Tesla, along with the rest of the automotive industry, is racing to develop true self-driving capabilities for its vehicles that go well beyond the company's current Autopilot offering.
Today's Autopilot is a “driver assistance” system that can handle some driving tasks but requires drivers to keep their hands on the wheel at all times. In the second quarter of 2018, Tesla announced that it was developing its own chips to increase the capability of the computer that enables Autopilot features in its vehicles.
Tesla sells a “full self-driving” option to customers who are willing to pay now and wait– but the option is “off-menu,” not listed on the car company's website.
While full self-driving tech is still in development, Tesla's newest Autopilot Navigate features will enable drivers to automatically change lanes, handle forks in the road and take highway exits along a planned route, according to Tesla VP of Engineering Stuart Bowers who spoke on the third-quarter earnings call alongside Musk.
Both Uber and Lyft are expected to go public, potentially next year.
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How Zoox plans to take on Uber and Lyft with its self-driving car
Start-up Zoox is working on making the roads safer with self-driving cars
12 Hours Ago | 06:11
Ford Delivers Third Quarter $1.0B Net Income; $1.7B Adj. EBIT; On Track to Achieve Full-Year Adjusted EPS Guidance in the Range of $1.30 to $1.50
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions.… Continue reading Ford Delivers Third Quarter $1.0B Net Income; $1.7B Adj. EBIT; On Track to Achieve Full-Year Adjusted EPS Guidance in the Range of $1.30 to $1.50