FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud computing-based platform to connect vehicles and customers to offer services such as car sharing. FILE PHOTO: The backlight of an e-Golf electric car is pictured at the new production line of the… Continue reading Volkswagen to invest $4 billion to build digital businesses, software
Tag: Mobility
Hyundai leads $14.3M investment in Indian car rental startup Revv
Korean automaker Hyundai is jumping into India’s on-demand mobility space after it led a $14.3 million investment in car-rental startup Revv. Hyundai, which is the second largest seller of cars in India, initially announced an undisclosed investment in Revv this week, but now the startup has confirmed that the capital is part of a larger 100… Continue reading Hyundai leads $14.3M investment in Indian car rental startup Revv
The founder of $3.2 billion startup Zoox says that he was ousted as CEO ‘without a warning’ because ‘the board chose …
The CEO of Zoox has left in a management shake-up at the the high-profile, well-funded, and idiosyncratic self-driving car startup. Zoox has already started searching for a replacement for Tim Kentley-Klay, who cofounded the Silicon Valley-based company, a source close to Zoox told Business Insider. In the meantime, it has named board member Carl Bass… Continue reading The founder of $3.2 billion startup Zoox says that he was ousted as CEO ‘without a warning’ because ‘the board chose …
Stealthy Self-Driving Startup Ghost Locomotion Raises $15 Million, Filings Show
The SF Bay Area is home to a lot of self-driving car initiatives. Some startups, like Zoox, are trying “to make the whole widget” by designing a car and its tech from bumper to bumper. Follow Crunchbase News on Twitter Ghost Locomotion, a rather stealthy startup based out of Mountain View, appears to be taking… Continue reading Stealthy Self-Driving Startup Ghost Locomotion Raises $15 Million, Filings Show
La Trobe University completes driverless Autonobus trial
Melbourne’s La Trobe University has detailed findings of what it called successful on-campus trials of Navya’s driverless “Autonobus” shuttle, which uses 360-degree cameras and sensor systems to detect objects and runs a set route based on map coordinates. A report on the trial by La Trobe and its project partners includes a number of recommendations,… Continue reading La Trobe University completes driverless Autonobus trial
Lyft Welcomes VP of Engineering Manish Gupta
We are thrilled to welcome Manish Gupta to Lyft’s leadership team. In his role as Vice President of Engineering, Manish will lead engineering efforts across Lyft’s business platforms, including enterprise, partnerships, and healthcare, as well as our growing work with non-emergency medical transportation organizations. Reporting to Peter Morelli, Manish will also oversee the teams dedicated… Continue reading Lyft Welcomes VP of Engineering Manish Gupta
Uber’s new CFO suggested that an IPO might not happen in 2019 after all
Uber’s incoming chief financial officer CFO Nelson Chai has suggested the transportation firm may not go public in 2019 after all. On Tuesday, Uber announced that it had appointed Chai, a Wall Street veteran, to the long-vacant post of CFO as it gears up for a long-awaited IPO in 2019, a stated goal of the… Continue reading Uber’s new CFO suggested that an IPO might not happen in 2019 after all
Coup of cold stock on the automobile
Black day for Continental. The German equipment maker fell Wednesday about 14% on the Frankfurt Stock Exchange, its largest decline since 2009, causing in its fall the European automotive values. At the Paris Bourse, Michelin, Valeo, Faurecia or Peugeot also gave ground – but to a lesser extent -, just like Pirellli in Milan or… Continue reading Coup of cold stock on the automobile
Driving the Future – Toyota Team Members Get Connected
•Toyota strengthens Dedicated Short Range Communication (DSRC) 5.9GHz Vehicle to Everything (V2X) technology commitment via University of Michigan Transportation Research Institute partnership. •Further establishes the Ann Arbor Connected Vehicle Test Environment as the world’s largest operational real-world deployment of connected vehicles and infrastructure. August 22, 2018 ANN ARBOR, Mich. (August 22, 2018) The University of… Continue reading Driving the Future – Toyota Team Members Get Connected
Uber finally hires a CFO as it heads for an IPO
Uber’s search for a chief financial officer — and the person who will steer the company toward an IPO — is over. The ride-hailing company said Tuesday its new CFO is Nelson J. Chai, the former CEO of insurance and warranty provider Warranty Group. Chai has the kind of experience Uber will need to navigate a successful… Continue reading Uber finally hires a CFO as it heads for an IPO