Gores Holdings Acquires Smart Transportation Company

Verra Mobility is a global leader in smart mobility, serving the world’s largest commercial fleets and rental car companies in managing tolling transactions and violations for more than 8.5 million vehicles and operating more than 4,000 red-light, speed, and school bus stop arm safety cameras.  Photo courtesy of Verra Mobility.  Gores Holdings II, Inc., a… Continue reading Gores Holdings Acquires Smart Transportation Company

Uber considers minority investors for self-driving car unit: Report

Uber Technologies Inc is considering selling minority stakes in its costly self-driving car unit as the ride-hailing company tries to address rising cost pressures ahead of its initial public offering, the Financial Times reported on Wednesday. Uber received interest from potential investors and could spin off its Advanced Technologies Group into a separate business unit… Continue reading Uber considers minority investors for self-driving car unit: Report

Rinspeed MicroSNAP Concept Is A Twizy-Sized Autonomous EV

CES Las Vegas is nearly three months away, but that hasn’t stopped Rinspeed from previewing their new microSNAP concept. As the name suggests, the concept is a miniature version of the SNAP concept which debuted at last year’s show. It’s so small that Rinspeed says the vehicle has the same dimensions as the Renault Twizy.… Continue reading Rinspeed MicroSNAP Concept Is A Twizy-Sized Autonomous EV

Building a great startup requires more than genius and a great invention

Shahin Farshchi Contributor More posts by this contributor The dos and don’ts of crafting frontier-tech companies Five billion-dollar businesses for the driverless future Many entrepreneurs assume that an invention carries intrinsic value, but that assumption is a fallacy. Here, the examples of the 19th and 20th century inventors Thomas Edison and Nikola Tesla are instructive.… Continue reading Building a great startup requires more than genius and a great invention

Julia Haywood Joins Lyft as VP of Strategy

Lyft’s momentum is going strong as we add another key member to our executive team! We’re excited to announce that Julia Haywood has joined Lyft as Vice President of Strategy. Julia will own our market expansion strategy, which will include identifying, evaluating, and executing on growth opportunities for the business. Travel and transportation have always… Continue reading Julia Haywood Joins Lyft as VP of Strategy

Drive Now is electrifying its car-sharing fleet

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Uber enters trailer leasing business

(Reuters) – Uber Technologies Inc [UBER.UL] said on Wednesday it is entering the trailer leasing business. FILE PHOTO: The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay/File Photo The business, called Powerloop, will be a part of Uber Freight, which connects truckers with shippers, the company said… Continue reading Uber enters trailer leasing business

SEAT Tarraco production starts in Wolfsburg

Members of the board and of the management of both group brands were accompanying the production start of the new SEAT Tarraco together with employees of the Wolfsburg plant. SEAT brand flagship rolls off the production line in Wolfsburg together with Volkswagen models Synergies within the Group-wide production network allow efficient production Production of the… Continue reading SEAT Tarraco production starts in Wolfsburg

Israeli autonomous car simulation firm Cognata raises $18.5 million

JERUSALEM (Reuters) – Israeli autonomous vehicle simulation platform provider Cognata said on Wednesday it raised $18.5 million in a private funding round led by Scale Venture Partners. Existing investors Emerge, Maniv Mobility, and Airbus Ventures also participated in the round, as did new investor Global IoT Technology Ventures. Cognata said the funds would help to… Continue reading Israeli autonomous car simulation firm Cognata raises $18.5 million

Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario

Brussels, 17 October 2018 – Ahead of this evening’s Brexit summit, Europe’s auto manufacturers and suppliers have come together to issue a stark warning on the potentially far-reaching impacts of a no-deal scenario on their sector, which would threaten their very business model. Automobile production plants – be they in the EU27 or the UK… Continue reading Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario