Matrix Partners co-leads $473m round in China’s electric car maker CHJ Automotive

March 23, 2018 Chinese electric car startup CHJ Automotive has pocketed Rmb3 billion ($473 million) in its Series B funding round led by Matrix Partners China and Shougang Fund’s new energy fund portfolio, according to Chinese media reports. CHJ Automotive, described by Western media as a Chinese rival to Tesla, said the funding round was… Continue reading Matrix Partners co-leads $473m round in China’s electric car maker CHJ Automotive

Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle and Connected Car Solutions

Strengthen strategic collaboration focusing on product development for India and emerging markets Agree to evaluate co-development of compact SUV and electric vehicle, along with sharing powertrain portfolios Embark on joint development of connected vehicle solutions Chennai, India, March 22, 2018 – Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small… Continue reading Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle and Connected Car Solutions

Used car prices break down: Diesel buyers get up to 50 percent off

All articles and backgrounds 03/22/2018 Used car prices break up Diesel buyers get up to 50 percent off DPA New and used cars at a car dealer in Saxony. Diesel dawn at German used car dealers: buyers of used cars with Euro 5 diesel can currently get up to 50 percent off in the trade!… Continue reading Used car prices break down: Diesel buyers get up to 50 percent off

Groupe PSA: Nine Additional Centers of Competence for Engineering Center at Opel in Rüsselsheim

RÜSSELSHEIM, Germany–(BUSINESS WIRE)–Regulatory News: The Engineering Center in Rüsselsheim reinforces its position as a core part of the global Groupe PSA (Paris:UG) R&D footprint: Nine additional Centers of Competence in various areas of technology will be located there, including the development of seats and manual transmission systems for the whole Groupe PSA. The number of… Continue reading Groupe PSA: Nine Additional Centers of Competence for Engineering Center at Opel in Rüsselsheim

Daimler and BMW: Merger of Car2Go and DriveNow is perfect

All articles and backgrounds 03/22/2018 Daimler and BMW Fusion from Car2Go and DriveNow are perfect PR Car2Go and DriveNow: Daimler and BMW each hold 50 percent of the new company, which is valued at more than one billion euros The car companies Daimler Show stock market chart and BMW Show stock market chart are close… Continue reading Daimler and BMW: Merger of Car2Go and DriveNow is perfect

BlackBerry and Jaguar Land Rover to collaborate for a new ECU

Jaguar Land Rover (JLR) and BlackBerry, today announced an agreement to collaborate and develop technology for JLR’s next-generation vehicles. As part of the agreement, BlackBerry will license its QNX and Certicom technology to Jaguar Land Rover, as well as assign a team of engineers to support in the development of JLR’s new Electronic Control Unit (ECU)… Continue reading BlackBerry and Jaguar Land Rover to collaborate for a new ECU

Police release video of fatal Uber collision

Mark Bergen, Bloomberg News Published 7:45 p.m. ET March 21, 2018 | Updated 7:48 p.m. ET March 21, 2018 A vehicle goes by the scene of Sunday’s fatality where a pedestrian was stuck by an Uber vehicle in autonomous mode, in Tempe, Ariz. on Monday. (Photo: Chris Carlson / AP) Police in Tempe, Arizona, released… Continue reading Police release video of fatal Uber collision

Uber Autonomous Accident Video Shows Car Just Before Collision

Video of the fatal crash involving a self-driving Uber car shows the critical moments just before the vehicle makes contact with a pedestrian walking her bike across a dimly lit road. The release from Tempe, Arizona, police provides a startling piece of evidence in a case that could shape laws and public perceptions around driverless… Continue reading Uber Autonomous Accident Video Shows Car Just Before Collision

Uber self-driving crash: Footage shows moment before impact

Media playback is unsupported on your device Police have released two videos showing the moments leading up to a fatal crash involving a self-driving Uber car in Tempe, Arizona, on Sunday. In the 14-second video, the autonomous vehicle is seen failing to slow down before hitting Elaine Herzberg, 49, who is walking her bike across… Continue reading Uber self-driving crash: Footage shows moment before impact

Auto parts supplier: ZF Friedrichshafen pumps billions into development

ZF Friedrichshafen ZF, which belongs to the Zeppelin Foundation of the city of Friedrichshafen, is planning two new plants for the production of parts for electric drives. (Photo: AP) The auto supplier ZF Under his new boss, Wolf-Henning Scheider, Friedrichshafen does not want to let up in the race for new products for electric and… Continue reading Auto parts supplier: ZF Friedrichshafen pumps billions into development