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Posts Tagged ‘automotive industry’

Voyage raises $31 million to bring driverless taxis to communities

Voyage, the autonomous vehicle startup that spun out of Udacity, announced Thursday it has raised $31 million in a round led by Franklin Templeton. Khosla Ventures, Jaguar Land-Rover’s InMotion Ventures, and Chevron Technology Ventures also participated in the round. The company, which operates a ride-hailing service in retirement communities using self-driving cars supported by human ...

Tesla Model 3 owner implants RFID chip to turn her arm into a key

Forget the keycard or phone app, one software engineer is trying out a new way to unlock and start her Tesla Model 3. Amie DD, who has a background in game simulation and programming, recently released a video showing how she “biohacked” her body. The software engineer removed the RFID chip from the Tesla Model ...

Auto supplier Continental shifts gears — and its capital — to an electric future

Continental AG, a global auto-parts supplier, will no longer invest in parts used in internal combustion engines, the latest sign that the automotive industry is being forced to respond to increasingly strict emissions laws. Instead, the company said it will put more focus and capital on the electric powertrain, which it believes is the “future ...

Porsche Digital expands U.S. presence beyond Silicon Valley with new Atlanta office

Porsche Digital, the subsidiary of carmaker Porsche, is opening its second U.S. location, after launching its first in 2017 in Silicon Valley. The second North American office for this software and digital product-focused wing of Porsche will open in Atlanta, which is also the seat of Porsche’s North American cars business. Porsche Digital cited proximity ...

Ford acquires mobile robotics company Quantum Signal to help with self-driving

Ford has acquired a small robotics company based in Michigan called Quantum Signal, which has produced mobile robots for a number of clients, including the U.S. military. The company’s specialty has been building remote control software for robotic vehicles, specifically, and it’s also responsible for a very highly regarded simulated testing and development environment for ...

Porsche Taycan reservations surpass 30,000 ahead of world debut

Porsche has secured 30,000 deposits for the Taycan more than a month before the German automaker will unveil the all-electric sports cars, numbers that suggest there’s enough to demand to support the company’s plans to produce 40,000 units in its first year. The latest reservation numbers were cited by Bloomberg and Porsche HR head Andreas ...

Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services

Didi Chuxing announced today that it has received new investment totaling $600 million from Toyota Motor Corporation. As part of the deal, the two companies will also set up a joint venture with GAC Toyota Motor to provide vehicle-related services to drivers on Didi’s ride-sharing platform. GAC Toyota itself is a joint venture between Toyota ...

Toyota locks in more than a supply of EV batteries in deal with China’s CATL

Toyota needs more than a secure and steady supply of batteries if it hopes to meet its ambitious global sales goal for electric vehicles. If it hopes to compete, the Japanese automaker will need better quality lithium-ion batteries that don’t squeeze profit margins. The automaker is turning to Chinese EV battery supplier CATL for the ...

VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance

VW Group is investing $2.6 billion in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years ago with $1 billion in backing from Ford. The deal, which has been rumored for months, is part of a broader alliance between VW Group and Ford that covers autonomous and ...

BMW is making it easier to charge electric vehicles near America’s national parks

BMW has finished a nearly two-year project to bring 100 electric vehicle charging stations to America’s national parks. The automaker partnered in 2017 with several U.S. agencies, including the National Park Foundation, National Park Service, and Department of Energy, to donate 100 electric vehicle charging stations in and near to national parks throughout the United ...