Cruise Gets $850 Million From GM
Company has burned through $8.2 billion since 2017, hopes to restart testing
There is hope for Cruise, the robotaxi company that was forced to cease operations...
Weekly Connected and Autonomous Vehicle News
💰 Wayve Raises Over $1 Billion. “Wayve has announced a $1.05 billion Series C investment round led by SoftBank, with contributions from new investor NVIDIA NVDA -1.31%↓ and existing investor Microsoft MSFT 0.71%↑. to...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
🚕 Mercedes Joins Forces With Bosch To Develop Self-Driving Taxis. “The pact between the world's largest maker of premium cars and the world's...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
💲 Porsche, Lamborghini, and Bentley To Use Mobileye's Autonomous Tech. “The second largest car manufacturer in the world (after Toyota) will acquire partial and...
Mike Sheldrick: Journalist and Telematics Industry Veteran
Industry veteran Michael Sheldrick passed away last week. Sheldrick, 82, who worked not only as a journalist for Business Week, Fleet Management Weekly and other publications, was a...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
💰 Applied Intuition Lands $6B Valuation for AI-Powered Autonomous Vehicle Software. “The eye-popping funding round is the latest example of investor fervor for...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
😐 Waymo's Robotaxi Expansion Plans in California Put On Hold by Regulators. “Waymo’s plan to expand its robotaxi service in Los...
U-Blox Sees Record Automotive Project Awards
Automated driving spurs GNSS module growth--and potential revenues of $100 million starting in 2026
Thalwil, Switzerland-based u-blox has announced new project awards with “major automotive customers”...
HERE Technologies Names Nefkens CEO
Gets top job at largest mapping company…
After a lengthy search, HERE Technologies has appointed industry veteran Mike Nefkens as CEO. Nefknes, who most recently was with Boston Consulting Group,...
Industry Layoffs Continue as Waymo Cuts Staff
Other location industry companies follow with cuts
Autonomous vehicle developer Waymo laid off employees earlier this week in a move that came after large cuts at parent company Alphabet and Google GOOG 1.59%↑ . ...
