Volkswagen weighs potential listing of Porsche AG, in push towards electric vehicles

According to a source familiar with the matter at hand, Volkswagen is weighing options which includes listing of its luxury car division Porsche AG which will provide it sufficient liquidity towards electrification of its vehicles. “Those considerations exist,” said the source said while cautioning that they are still not being actively discussed in committees; any…

Anthony Levandowski pleads guilty for taking Google’s self-driving tech to Uber Technologies Inc

Anthony Levandowski, who has been closely associated with advancing self-driving car technology in the last decade, has agreed to plead guilty for taking sensitive documents from Google, his former employer, before he joined rival Uber Technologies Inc. As part of the plea deal with federal prosecutors, he will serve no more than 30 months in…

Former head of Uber’s self-driving unit Anthony Levandowski files for Chapter 11 bankruptcy

Anthony Levandowski, the former head of Uber Technologies Inc’s self-driving technology unit, has filed for bankruptcy protection following a court order confirming that he must pay $179 million to Google to end a lawsuit over his split from Alphabet Inc’s Waymo. In December, an arbitration panel had ruled that Levandowski, a former key engineer in…

Hyundai Group and Kia Motors invest $110M in London-based electric van startup Arrival Ltd

On Thursday, in a joint statement, South Korea’s Hyundai Group and its sister firm Kia Motors Corp stated, they are backing a UK electric vehicle startup that plans on selling battery-powered delivery vans in 2021. They plan on investing $110 million (100 million euros) in Uk-based Arrival Ltd. Founded in 2015, London-based Arrival has developed…

German automotive supplier Robert Bosch develops affordable mass market Lidar technology

On Thursday, German automotive supplier Robert Bosch stated, it has developed a sensor that allows cars to “see” the road in three-dimensions. The development could potentially lower the cost of technology and speed up the development of self-driving vehicles. In a statement, privately-held Bosch said, its internally-developed lidar sensor, which it will showcase at the…

Toyota plans on releasing self-driving level 2 vehicles in 2020

In a statement, Toyota Motor Corp disclosed, its automated driving R&D unit plans on deploying advanced self-driving capabilities in mobility service vehicles before it does so in personal-use vehicles. “‘Level 4’ (driving capabilities) is really what we’re striving for to first appear in mobility as a service,” said James Kuffner, CEO of Toyota Research Institute-Advanced…

Didi Chuxing launches autonomous self-driving unit

The autonomous driving unit will function as an independent company. On Monday, China’s ride hailing firm Didi Chuxing stated it has launched an autonomous driving unit as an independent company. The business will focus its resources on research and development activities as well as deepen its collaboration with automakers. Zhang Bo, Didi’s chief technology officer…

5 Japanese automakers join SoftBank-Toyota’s self-driving car JV

The development is significant since it marks an acceleration in the banding of automakers in an industry which is placing growing emphasis on offering vehicle services rather than selling cars to individual drivers. On Friday, five Japanese automakers including Mazda Motor Corp and Suzuki Motor Corp, stated they would be investing 2% of their revenues…

Nvidia expands further into self-driving market with AB Volvo truck deal

Nvidia’s graphic chip will be powering the machine learning algorithms that will enable Volvo’s self-driving trucks to navigate from production facility to warehouse. In a significant development, Sweden’s AB Volvo stated, it will collaborate with Nvidia to develop artificial intelligence used in self-driving trucks. The agreement marks a long-term strategic partnership which spans several years.…