WASHINGTON (Reuters) – General Motors Co (GM.N) said on Thursday it will invest more than $100 million in two facilities as it prepares to build production versions of its Cruise self-driving car next year at its Orion Township assembly plant in Michigan. A self-driving GM Bolt EV is seen during a media event where Cruise,… Continue reading UPDATE 1-GM to invest $100 million to upgrade facilities to build self-driving cars
Tag: Mobility
Lyft Partners with Magna to Scale Self-Driving Technology
Today, we’re excited to announce a first-of-its-kind partnership with Magna, the largest North American Tier 1 automotive technology and manufacturing supplier, to jointly fund, develop, and manufacture our self-driving system. In addition to co-funding the partnership, Magna will also invest $200 million in Lyft. This partnership enables our Level 5 team to accelerate the introduction… Continue reading Lyft Partners with Magna to Scale Self-Driving Technology
Drover picks up £5.5M funding for its car subscription marketplace
Drover, a London-based startup that lets you take out a “car subscription” as an alternative to car ownership, has picked up £5.5 million in seed funding. The round was led by VC firms Cherry Ventures, Partech and BP Ventures (the venture arm of BP), and adds to an earlier £2 million ‘pre-seed’ investment from Version… Continue reading Drover picks up £5.5M funding for its car subscription marketplace
Link Motion and Irdeto collaborate to develop a connected vehicle platform
Link Motion has reached an agreement with Irdeto to integrate its new smartphone-based secure vehicle access and safety solution, Keystone, into the Link Motion CarBrain platform. Automobile OEMs that implement Link Motion’s CarBrain will now provide consumers with the simplicity they expect to safely manage and operate today’s connected cars and autonomous vehicles, especially in new ride-sharing business… Continue reading Link Motion and Irdeto collaborate to develop a connected vehicle platform
ZF Develops Auto Industry’s Lightest Knee Airbag Module
ZF will launch an industry-first fabric housing knee airbag in 2019 for a major European vehicle manufacturer. The new airbag, which utilizes a fabric housing, will be up to 30 percent lighter than a traditional metal housing knee airbag, and will help improve occupant protection in a crash. “The new ZF fabric housing knee airbag… Continue reading ZF Develops Auto Industry’s Lightest Knee Airbag Module
INTERVIEW – Sarah-Jane Williams, Ford’s Director, Smart Mobility (Europe)
Opportunities ahead with Smart Mobility initiatives in Europe for Sarah-Jayne Williams In September of last year, Sarah-Jayne Williams joined Ford as its first director for ‘Smart Mobility’ in Europe. Her job is to focus on future mobility solutions for Europe and to define and implement Ford of Europe’s Smart Mobility strategy. Dave Leggett recently caught… Continue reading INTERVIEW – Sarah-Jane Williams, Ford’s Director, Smart Mobility (Europe)
Audi achieves robust performance in a challenging financial year 2017 and accelerates business transformation
The Audi Group increased its revenue and earnings under difficult conditions in 2017. For the first time, revenue surpassed the mark of €60 billion, thus more than doubling over the past eight years. With an operating profit of €5.1 billion before special items, the corresponding operating return on sales of 8.4 percent is within the… Continue reading Audi achieves robust performance in a challenging financial year 2017 and accelerates business transformation
Analyst: F-Series one reason to bet on Ford
Ford’s F-150 franchise might be worth more than the entire company, Adam Jonas said. (Photo: Ford) Ford Motor Co.’s F-150 franchise might be worth more than the entire company, according to Morgan Stanley equity analyst Adam Jonas. That’s one reason the Wall Street analyst on Wednesday raised his price target for the company from $10… Continue reading Analyst: F-Series one reason to bet on Ford
Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Please click HERE for a PDF version of the release. Magna and Lyft will fund and develop self-driving systems Co-developed self-driving systems can be deployed on the Lyft network as well as for the entire automotive industry The partnership will benefit from data generated by the 5+ billion miles traveled per year on the Lyft… Continue reading Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Auto parts maker Magna invests $200 million in Lyft
(Reuters) – Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. FILE PHOTO – An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren The news… Continue reading Auto parts maker Magna invests $200 million in Lyft