DETROIT — Today, General Motors Co. (NYSE: GM) announced it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for $2.1 billion and separately will make an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. Since GM acquired a majority ownership stake in 2016, Cruise… Continue reading @GM: GM Announces Additional Investment in Cruise March 18, 2022
Tag: Mobility
@GM: GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards
GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards 2022-03-17 DETROIT – General Motors celebrated its top global suppliers this week at its 30th annual Supplier of the Year awards ceremony held in Phoenix, Arizona. Recipients of the Supplier of the Year recognition included 134 suppliers representing 16 countries. Additionally, 31… Continue reading @GM: GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards
GM is buying out Softbank’s stake in autonomous vehicle unit Cruise
General Motors is expanding its ownership stake in self-driving car subsidiary Cruise. The automaker said late Friday that is is acquiring Softbank Vision Fund 1’s equity ownership in Cruise for $2.1 billion. GM is also making an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. The announcement… Continue reading GM is buying out Softbank’s stake in autonomous vehicle unit Cruise
GM to buy SoftBank’s stake in Cruise self-driving unit for $2.1 billion
GM is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion. Go to Source
Vehicle registrations in the European Union continue to be weighed down by supply chain disruptions
18 March, 2022 Posted by: Jorge Platero Category: Faconauto News According to ACEA data, passenger car sales contracted 6.7% in February, to 719,465 units. The recovery in the European automotive sector remains unconsolidated. The latest data published by the ACEA reflects this clear negative trend. And it is that the vehicle registrations in the European… Continue reading Vehicle registrations in the European Union continue to be weighed down by supply chain disruptions
Solo Advanced Vehicle Technologies Raises $7M in Seed Funding
Solo Advanced Vehicle Technologies, a San Francisco, CA-based vehicle hardware company, raised $7M in Seed funding. The round was led by Trucks VC with participation from Maniv Mobility and Wireframe Ventures. The company intends to use the funds to build out its engineering team as they expand at its new headquarters in Fremont, California. Led by CEO Graham Doorley,… Continue reading Solo Advanced Vehicle Technologies Raises $7M in Seed Funding
Austrian start-up Deus Automobiles teases new electric hypercar – CAR Magazine
There’s no shortage of uber-powerful electric hypercars at the moment. Well-heeled buyers can already choose from the Lotus Evija, the Aspark Owl and the Rimac Nevera – but that hasn’t stopped the Austrian start-up brand Deus Automobiles from adding to the market. Deus has been around since 2020, but the company decided to fly under… Continue reading Austrian start-up Deus Automobiles teases new electric hypercar – CAR Magazine
Volvo announces expansion of its R&D operations in India
Swedish automotive major Volvo Group on Thursday announced the expansion of its research and development operations in India, which has become its largest development site outside Sweden. As part of the expansion in the country, Volvo Group Deputy CEO Jan Gurander laid the foundation for the ‘Vehicle TechLab’ for Volvo Group’s research and development operations… Continue reading Volvo announces expansion of its R&D operations in India
Ford recalls 157K 2021 F-150 pickup trucks for wipers that could fail
Ford Motor Co. notified federal safety regulators that the automaker will be sending 157,306 letters to customers who may be driving a 2021 F-150 pickup with broken front windshield wipers, which could pose a crash risk in bad weather. At issue is a potential failing windshield wiper motor, which needs to be replaced. A Ford… Continue reading Ford recalls 157K 2021 F-150 pickup trucks for wipers that could fail
Ford rolls out autonomous robot-operated 3D printers in vehicle production
Multinational automotive manufacturer Ford has begun using an autonomous robot within its production line to 3D print end-use parts for its vehicles. Leveraging an in-house-developed interface, Ford has managed to get the KUKA-built bot to ‘speak the same language’ as its other systems, and operate them without human interaction. So far, the firm’s patent-pending approach… Continue reading Ford rolls out autonomous robot-operated 3D printers in vehicle production