Opel boss Neumann apparently plans to resign

Opel boss Karl Thomas Neumann is according to a newspaper report before the resignation. Accordingly Neumann wants to give the chief post when the sale of Opel to the French group PSA is completed. Karl-Thomas Neumann (at the Geneva Motor Show) Saturday, 10.06.2017 5:23 pm The chairman of the car manufacturer Opel, Karl-Thomas Neumann, apparently… Continue reading Opel boss Neumann apparently plans to resign

Taxify has a new design and lowered prices in Tallinn!

Requesting a ride is now easier and faster Taxify lowered its prices, now offering the most affordable ride-hailing service in Tallinn and switched to a convenient category-based interface. The new base fares for private drivers are: start €0.99 + €0.35/km + €0.1/minute and minimum fare 2.5€. The average cost per trip in Tallinn with the new fares is… Continue reading Taxify has a new design and lowered prices in Tallinn!

TriLumina Closes Additional Round of Funding

May 17, 2017 May 17, 2017 – Albuquerque, NM TriLumina Corp., the leading provider of solid-state automotive LiDAR illumination for ADAS and autonomous driving, today announced that it has closed and additional $9 million equity and debt financing.  Proceeds will be used to accelerate the development of its cost-effective, compact LiDAR illumination modules to enable… Continue reading TriLumina Closes Additional Round of Funding

Didi Ponders SoftBank-Led $6B Investment As China’s Ride Share Giant Suffers Volume Declines

China’s Uber equivalent Didi Chuxing is considering whether to take a US$6 billion investment backed by SoftBank Group Corp. – which could be the largest private fundraising for an Internet company anywhere, anytime – as the Chinese ride sharing giant suffers volume declines after regulations were rolled out across the country. SoftBank might be investing… Continue reading Didi Ponders SoftBank-Led $6B Investment As China’s Ride Share Giant Suffers Volume Declines

China’s Didi Launches AI Lab In Silicon Valley, Aims To Lead On Intelligent Driving Tech

The global talent war for top artificial intelligence (AI) talent just intensified, as Chinese ride share giant Didi Chuxing officially launched an AI lab in California to attract top engineering talents to advance transformation in the global transportation industry. The newly established Didi Labs, located in Mountain View, will primarily focus on AI-based security and… Continue reading China’s Didi Launches AI Lab In Silicon Valley, Aims To Lead On Intelligent Driving Tech

China’s Didi Sued For Talent Poaching By Alibaba-Owned AutoNavi

Chinese mapping company AutoNavi Holdings Ltd., owned by Alibaba Group Holdings Ltd., has sued Didi Chuxing for unfair competition, alleging the ride-sharing company poached eight veteran engineers from its team and asking for RMB75 million (US$10.9 million) in damages, according to court documents. AutoNavi said that one senior manager and six engineers with knowledge of… Continue reading China’s Didi Sued For Talent Poaching By Alibaba-Owned AutoNavi