The 7-month old electric scooter sharing startup plans on using the funds for R&D and for increasing its footprint in the EU. On Monday, VOI Technologies, an electric scooter sharing startup that is just 7 months old stated it has raised $30 million in its latest fundraising round. VOI Technologies plans on using the proceeds…
The comparatively tiny Japanese automaker is facing a series of quality assurance related issues over rapid expansion in the U.S. In a significant development, Japan’s Subaru Corp stated it plans on recalling nearly 2.3 million vehicles globally over an issue with brake lights. This will be the automaker’s biggest-ever recall as it struggles with a…
Rules that impede the development and deployment of fully autonomous automated vehicles will be revised. As per a document made public on Thursday, the Trump Administration plans to surge ahead and revise safety rules that bar fully automated autonomous vehicles from being on the roads; this includes cars without traditional items such as mirrors, steering…
The disclosure by the European boss of the PSA Group makes it clear that a cliff hanger Brexit would be detrimental to its car production line in the UK. On Tuesday, Maxime Picat, the European boss of the PSA Group stated, if Britain were to leave the European Union without a deal and if the…
The collaboration marks the Audi AG as the first major carmaker to sign a multi-year partnership with Cognata’s platform. On Tuesday, Israel-based Cognata Ltd, an autonomous vehicle simulation platform provider, stated it has partnered with Volkswagen’s Audi to speed up the development of autonomous vehicles. The simulation platform recreates virtually a range of testing scenarios…
With companies racing to place their autonomous automated smart vehicles on the U.S. market from 2019, this funding program aims to assess the impact, including the feasibility, safety and potential job losses, these technologies will bring about for commercial autonomous vehicles. In a significant development, a U.S. spending bill includes a $100 million for a…
A positive outcome of the talks could enable Lyft to ward off discussions on its IPO, slated for 2018, and could enable it to increase its footprint in the U.S. As per a source familiar with the matter at hand, Alphabet Inc is holding early talks with Lyft Inc regarding purchasing a stake in the…
This collaborative effort will shift into production gear in 2021. On Tuesday Continental disclosed it would be join the self-driving platform pioneered by Intel, BMW and Mobileye in efforts aimed at integrating the handling of components and software. This integration of hardware and software data has accelerated the pace of development of self-driving vehicles and…
Trump’s EPA nominee Scott Pruitt, has made it clear that the Obama-era standards will remain. Not wanting to meet stringent fuel efficiency standards set in the U.S., car manufacturing companies in the country have shot off a letter to President Donald Trump in the hope that he loosens things up. Car manufacturers in the U.S.,…
Production of the batteries for the Model 3 have already begun in Tesla’s Gigafactory. Check this video for more details on the Model 3. For those amongst you who are anxiously awaiting the delivery of Tesla Model 3, here is some fabulous news for you. Reuters has reported that Tesla is set to start production…
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