Japan H2 Mobility, LLC Established by Eleven Companies

Toyota Motor CorporationNissan Motor Co. Ltd.Honda Motor Co. Ltd.JXTG Nippon Oil & Energy CorporationIdemitsu Kosan Co. Ltd.Iwatani CorporationTokyo Gas Co. Ltd.Toho Gas Co. Ltd.Air Liquide Japan Ltd.Toyota Tsusho CorporationDevelopment Bank of Japan Inc. The below-mentioned 11 companies have today announced joint establishment of “Japan H2 Mobility, LLC (hereinafter JHyM)”, aimed at the full-fledged development of… Continue reading Japan H2 Mobility, LLC Established by Eleven Companies

Alibaba Leads $866M Financing Round In Ofo, Increasing Control Of Bike-sharing Firm

China’s bike-sharing firm ofo announced that it has raised US$866 million in equity and debt capital in a funding round led by Alibaba Group Holding Ltd. The deal increases Alibaba’s control over the company and further distances ofo from its major shareholder Didi Chuxing.  Alibaba’s financial affiliate Ant Financial, Haofeng Group, Tianhe Capital and Junli… Continue reading Alibaba Leads $866M Financing Round In Ofo, Increasing Control Of Bike-sharing Firm

News Release – First-Ever All-Electric Jaguar Unveiled at Magna

Please click HERE for a PDF version of the release. World premiere of the Jaguar I-PACE Magna is only contract manufacturer that can build vehicles across a range of propulsion systems Second Jaguar model that will be built by Magna GRAZ, Austria, March 02, 2018  — Magna’s complete vehicle manufacturing facility in Graz, Austria, hosted… Continue reading News Release – First-Ever All-Electric Jaguar Unveiled at Magna

An analysis of CEEPR’s Paper on “The Economics of Ride-Hailing”

An analysis of CEEPR’s Paper on “The Economics of Ride-Hailing” By Jonathan Hall, Chief Economist The on-demand workforce has grown considerably over the years. In the US alone, more than 750,000 people drive with Uber. And while on-demand work still accounts for a relatively small portion of the total US labor force, it has emerged… Continue reading An analysis of CEEPR’s Paper on “The Economics of Ride-Hailing”

Arizona no longer requires safety drivers in autonomous vehicles

Waymo Arizona will now allow self-driving cars to operate in the state without a safety driver behind the wheel. Governor Doug Ducey signed an executive order this week making it legal for these vehicles to operate on their own as long as they abide by all federal and state safety standards. “As technology advances, our… Continue reading Arizona no longer requires safety drivers in autonomous vehicles

Toyota starts a new $2.8 billion company to develop self-driving software

Toyota is expanding its pursuit of self-driving cars by starting a new company called Toyota Research Institute-Advanced Development, or TRI-AD. The Japanese automaker is starting the company in conjunction with automotive supplier Aisin Seiki and Denso, and together, they plan to invest $2.8 billion into TRI-AD in the coming years and hire around 1,000 employees… Continue reading Toyota starts a new $2.8 billion company to develop self-driving software

Ford Motor Company Issues Safety Compliance Recall for Select 2017-18 Ford Taurus Vehicles for Potential of Ignition Key Removal When Vehicle Is Not in Park

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 Motor Company Issues Safety Compliance Recall for Select 2017-18 Ford Taurus Vehicles for Potential of Ignition Key Removal When Vehicle Is Not in Park

Toyota creates a new advanced research company fo focus on self-driving

Toyota has an existing think tank, research organization and long-term development wing courtesy of Toyota Research Institute (TRI), but now it’s expanding TRI with a new sub-company of its own: Toyota Research Institute-Advanced Development (TRI-AD), which I have to assume was so named just so they could have the really cool acronym. The new company… Continue reading Toyota creates a new advanced research company fo focus on self-driving

UPDATE 1-Uber abandons effort to have UberPOP reinstated in Germany

FRANKFURT (Reuters) – Ride-hailing firm Uber [UBER.UL] said it has withdrawn an appeal lodged with Germany’s high court to have its UberPOP service reinstated as part of a broader strategy shift to work with drivers licensed to carry paying passengers. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White… Continue reading UPDATE 1-Uber abandons effort to have UberPOP reinstated in Germany