Daimler will be a smaller company five years from now, focused on capturing recurring revenues with software-based services as Mercedes-Benz seeks to redefine luxury in an era of electric self-driving cars, Chief Executive Ola Kaellenius said. The Stuttgart-based company founded by Carl Benz, who patented the first gasoline-powered car in 1886, is accelerating plans to shift the carmaker beyond combustion-engine vehicles, a step which will result in job losses. "The next five years
Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and SoftBank’s Vision Fund. Now, it’s up for sale and a competing autonomous vehicle technology startup is in talks with Uber to buy it, according to three sources familiar with the deal. Aurora Innovation, the startup founded by three veterans of the autonomous vehicle industry who led programs at Google, Tesla and Uber, is in
Japan's Honda Motor Co said on Wednesday it will be the world's first automaker to mass produce sensor-packed level 3 autonomous cars that will allow drivers to let their vehicles navigate congested expressway traffic. "Honda is planning to launch sales of a Honda Legend (luxury sedan) equipped with the newly approved automated driving equipment" before the end of March 2021, Honda said in a press release. The race to build self-driving cars is a key technology battleground for automa
"We are all-in on autonomous vehicles," as well as electric vehicles, said Jose Munoz, president and CEO and Hyundai Motor North America, at an Automotive Press Association teleconference. Early next year, the redesigned Tucson compact crossover goes into production at Hyundai's Montgomery, Alabama plant, which also will begin building the Santa Cruz in late spring as part of a $410 million expansion. Munoz said Hyundai will work with the new Biden administration to develop infrastructure to s
Nuro joins other self-driving firms that raised big money this year. Early last year Nuro raised $940 million from SoftBank and a source close to the company said the valuation doubled from that last funding round to $5 billion. This round was led by T. Rowe Price Associates and includes new investors Fidelity Management & Research Company, LLC. and Baillie Gifford.
The SIT Acronis Autonomous car was doomed before the start of its fateful lap.
A group of business leaders and public policy experts is launching a new body to grapple with thorny questions surrounding the future of transportation including self-driving and electric vehicles. The Commission on the Future of Mobility, reported earlier by Reuters, was formally unveiled on Friday. The group plans to propose a new regulatory framework to address a global transportation sector "on the cusp of a worldwide transition driven by shared, connected, autonomous, and electric technol
As Tesla touts the cutting-edge nature of its new Full Self Driving software, rival Mercedes-Benz says it has developed a similar system but stops short of allowing members of the public to take it on urban roads. The Germans, pioneers in developing advanced driver assistance systems (ADAS), are taking a step-by-step approach to releasing new technology, waiting for their own engineers, rather than the general public, to validate their system. Advanced driver assistance systems can pr
Self-driving tech company Waymo, which this month opened its driverless taxi service in the Phoenix suburbs to the public, on Friday said its autonomous vehicles there had been involved in 18 minor incidents since 2019 during tests and actual rides. Waymo, a unit of Google parent Alphabet Inc , said it was releasing the data https://waymo.com/safety to improve transparency and open a public dialogue. Waymo also said it hopes its safety data will help companies and regulators devise in
It's clear robotic racing has some bugs to sort out as a Roborace participant's AI car drove directly into a wall.
General Motors Co's Super Cruise once again edged Tesla's Autopilot in an evaluation of 17 vehicles equipped with active driving assistance systems (ADAS) by Consumer Reports, the testing organization said on Wednesday. A Tesla Model Y fitted with Autopilot finished "a distant second," the group said, to a Cadillac CT6 equipped with Super Cruise, which GM is rolling out to more than 20 vehicles - including its new Hummer electric pickup truck - over the next three years.
Two automotive giants are teaming up to bring self-driving semi-trucks to market. Under this deal, Waymo and Daimler Trucks are partnering to build an autonomous version of the Freightliner Cascadia truck. This is Waymo's first deal in the freight business.