GM increases stake in Cruise with $3.5bn investment
GM has announced that it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for US$2.1bn and will…
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BMW, Qualcomm and Arriver expand automated driving development cooperation
A long-term cooperation agreement for the development of automated driving (AD) technologies has been inked between BMW Group, Qualcomm Technologies…
LeddarTech announces new board members
ADAS and AD sensing technology developer LeddarTech has announced the appointments of Derek Aberle and Nick Stone to its board…
Pony.ai announces successful financing round
Autonomous taxi and trucking developer Pony.ai says it has completed the first close of its Series D financing, with proceeds…
Contracts awarded for Jacksonville autonomous mobility system
The Jacksonville Transportation Authority (JTA) has selected the Balfour Beatty Vision 2 Reality (V2R) Team and lead AV contractor Beep,…
Argo AI taps Caltech principal scientist to lead new Los Angeles office
Argo AI has established a new engineering and development office in Los Angeles, California, ensuring it has easy access to…
Black Sesame selects Elektrobit’s AUTOSAR CP for latest chips
Autonomous driving computing chip provider Black Sesame Technologies has selected Elektrobit’s AUTOSAR (AUTomotive Open System Architecture) Classic Platform (CP) for the development…
TTTech Auto raises additional funding from Aptiv and Audi
Safety software developer TTTech Auto has raised US$285m from Aptiv and Audi in its latest funding round. Aptiv is investing…
LeddarTech closes successful financing round
ADAS and AD sensing technology specialist LeddarTech has announced a successful financing round with an investment of US$140m, which comprises…
Baidu’s autonomous vehicle enterprise closes US$400m funding round
Tech company Baidu’s intelligent electric vehicle arm, Jidu, has closed a Series A financing round, raising nearly US$400m. The round…