Tag: Financial
Weekly Connected and Autonomous Vehicle News: GM Abandons Cruise…
Connected and Autonomous Vehicles:
🤔 GM Abandons Cruise Robotaxi Business, Steers Self-Driving Technology Into ADAS. “After spending $10 billion, General Motors GM 0.55%↑ is quitting the self-driving robotaxi business and...
Waymo Finalizes $5.6 Billion in Investments, Gave 100,000 Paid Rides
Despite legions of naysayers in the media, there is strong financial interest in autonomous vehicles as Waymo closed $5.6 billion in an investment round late last...
Autonomous Truck Startup Outrider Raises $62 Million
Colorado-based autonomous truck provider Outrider has raised $62 million in an oversubscribed Series D financing round. The round, led by Koch Disruptive Technologies, raises the amount of...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
😮 Tech Giants Invest $200 Million in Waabi for Fully Driverless Trucks. “In an announcement on Tuesday, Waabi stated that it had raised $200 million in an...
TomTom Reports 2023 Results, Records $2.7 Billion Auto Backlog
Due to flat automotive demand, TomTom said it would see level sales this year as a backlog of auto orders expires. The company, which reported...
Intel To Sell Part of Mobileye for $1.5 Billion
Lidar manufacturer's stock has doubled since last year's IPO
Intel Corp. INTC 0.00 plans to sell a part of Mobileye Global MBLY 0.00, maker of...
