Renaul-Nissan-Mitsubishi reboots alliance eyeing emerging electric vehicle market

Renault, Nissan and Mitsubishi plan on appointing a general secretary at the helm of their alliance in order to reboot the partnership and boost operations. Renault is in the process of repairing its relationship with its Japanese partners following allegations of financial misconduct its earlier chairman. “This alliance executive will be key for coordinating and…

CSRA LLC and its partners win cloud computing contract from U.S. Defense Department

The contract is aimed at replacing the Defense Department’s IT office applications as well as provide tools for day-to-day office administration including email, word processing, collaboration, storage and file sharing. The U.S. Department of Defense along with the U.S. General Services Administration stated, they have awarded a contract worth $7.6 billion to General Dynamics Corp’s…

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FCA partners with silicon valley startup Aurora for creating autonomous platforms

Tech companies are increasing going up the value chain for automakers. This partnership is the latest example of this strategic tie-up. In a development that marks the latest collaboration between Silicon Valley and automakers, Aurora, a self-driving car software startup stated it will be partnering with Fiat Chrysler to build autonomous platforms for commercial vehicles.…

Nvidia Corp partners with Chinese EV startups to develop autonomous driving technology

All 3 Chinese startups will base themselves on Nvidia’s Xavier platform which will allow them to add specific software to adapt their vehicles to local traffic and infrastructure situations. On Wednesday, U.S. chipmaker Nvidia Corp’s CEO Jensen Huang stated, the chipmaker has signed separate deals with 3 Chinese electric vehicle startups, SF Motors, XPeng Motors…

Hyundai Motor Co invests $250 million in Grab

This second investment by Hyundai Motor Co in Grab underscores the strategic growing relations between the two firms and has long term implications. In a development that marks Hyundai Motor Co’s growing confidence on Uber, the carmaker has, once again, invested Singapore’s ride hailing firm Grab. Hyundai Motor Co’s investment of $250 million in Grab…

Amazon.com partners with blockchain logistics startup CargoX for pilot project in Brazil

Amazon’s push into Latin America’s biggest economy is driven and bolstered by the listings of third party vendors on its local e-commerce marketplace. As per a Bloomberg report citing sources familiar with the matter at hand, Amazon.com Inc is working on a pilot logistics project in Brazil with CargoX, a Goldman Sachs-backed blockchain company for…

Wal-Mart partners with Microsoft to battle Amazon.com

The partnership will enable Wal-Mart to boost its online presence and tap into Microsoft’s repertoire of cloud services and advances in artificial intelligence technologies which could potentially enable it to provide customers at its brick and mortar stores cashier-less checkouts. On Tuesday, Walmart Inc, the world’s biggest brick-and-mortar retailer, disclosed it had entered into a…

Silicon Valley startup Nuro raises $92 million in a series A funding round

Nuro’s autonomous automated vehicles are targeting the goods delivery segment. Smaller in size than a conventional sedan, they can be customized to hold upto 10 shopping bags, or be configured to accomodate custom inserts, such as a dry-cleaning rack, a heating or a cooling unit. On Tuesday, Nuro, a Silicon Valley start-up firm disclosed, it…