After months of breathless anticipation and a week of bro-tastic testimony, the Waymo v. Uber lawsuit, in which Google’s driverless tech arm sued the ride-hailing pioneer over allegedly stolen autonomous vehicle technology, is over. In a surprise move, Uber announced today that it has settled with Waymo, offering the company 0.34 percent of Uber’s equity at its current… Continue reading Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit
Tag: Mobility
The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)
Andre Rivera is a 20-year veteran of the auto industry who now oversees training for Tesla. He got his start in the business when General Motors and Toyota owned what’s now Tesla’s factory. To him, Tesla is completely rethinking what a car can be. Editor’s note: Business Insider had the chance to speak with four… Continue reading The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)
Bankinter and Trive join forces to buy and finance ‘online’ vehicles
Posted 09/02/2018 12: 16: 22CET MADRID, 9 Feb. (EUROPA PRESS) – Bankinter Consumer Finance, the subsidiary of Bankinter specializing in consumer credit, and the purchase application of new ‘online’ cars Trive, have teamed up to allow the sale and financing of a car on the web from start to finish, according to the assured the… Continue reading Bankinter and Trive join forces to buy and finance ‘online’ vehicles
Singapore: ComfortDelGro expands UK footprint, buys over insurance JV
February 9, 2018 ComfortDelGro Corporation is expanding its footprint in the United Kingdom through the acquisition of a bus and coach operator in South Wales for £13.4 million ($18.7 million). Additionally, it has bought over an insurance joint venture it launched in 2003. The acquisition of New Adventure Travel (NAT) Group in the UK was conducted through… Continue reading Singapore: ComfortDelGro expands UK footprint, buys over insurance JV
Toyota invests $69M in Japanese Uber rival backed by the taxi industry
This week isn’t turning out to be great one for Uber in Japan. Two of its investors — Didi and SoftBank — are teaming up to launch a rival service, while one of its existing competitors has just landed a big cash infusion and highly influential backer after Toyota backed JapanTaxi. The auto giant said it… Continue reading Toyota invests $69M in Japanese Uber rival backed by the taxi industry
THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry
This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. The self-driving car is no longer a futuristic fantasy. Consumers can already buy vehicles that, within a few years time, will get software updates enabling them to hit the road without… Continue reading THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry
DENSO Taps Technical Expert Takuya Oikawa to Enhance Information and Communications Technology Business
KARIYA (Japan) ― DENSO Corporation, one of the world’s largest automotive suppliers, today announced it has agreed to a technical adviser contract with Takuya Oikawa, a leading global developer of software products. The global automotive industry continues to shift dramatically, with greater concentration on electrification, automated driving and connected driving. Competition from other diverse industries… Continue reading DENSO Taps Technical Expert Takuya Oikawa to Enhance Information and Communications Technology Business
Subscription Vehicle Service Canvas Celebrates Growth, Looks for Continued Expansion in 2018
Canvas expanded its flexible, subscription-based alternative to car ownership in 2017 and now serves 600 customers in the San Francisco Bay Area and Los Angeles The Ford Credit subsidiary has made multiple enhancements, including more vehicles and more options to allow customers to personalize their subscription experience The Canvas fleet has been driven more than… Continue reading Subscription Vehicle Service Canvas Celebrates Growth, Looks for Continued Expansion in 2018
Autonomous LA-to-NYC Tesla Trip Past Deadline, Still Coming
Tesla Inc. hasn’t thrown its plan to demonstrate an autonomous cross-country drive out the window — it’s just tapped the brakes. Chief Executive Officer Elon Musk said a self-driving Tesla will attempt the trip from Los Angeles to New York in the next three to six months after missing the deadline he set for late… Continue reading Autonomous LA-to-NYC Tesla Trip Past Deadline, Still Coming
Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
In Brief Waymo and Uber’s self-driving systems use LIDAR technology to navigate traffic. But Tesla CEO Elon Musk says cameras — not LIDAR — are the way to go. Vision of the Future Elon Musk recently reiterated his stance that Light Detection and Ranging (LIDAR) technology is not a critical component of autonomous driving systems.… Continue reading Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles