by Michael Strong | Nov 11, 2019
Uber Technologies Inc. took another step further away from its contentious past, symbolically anyway, as former CEO Travis Kalanick sold nearly $550 million worth of the company’s stock. Kalanick, according to a filing with the Securities and Exchange Commission, sold...
by Michael Strong | Oct 30, 2019
General Motors keeps adding things to the daily to-do list for Mark Reuss, named president of the company in January, who will now oversee the company’s regional operations: North America, South America, China and International. Reuss continues to report to Chairman...
by Paul A. Eisenstein | Oct 23, 2019
Steve Wozniak, the man credited with helping kick off the modern microcomputer revolution, has become increasingly skeptical of some of the high-tech breakthroughs expected to transform modern life in the next decade and beyond, technologies including both artificial...
by Paul A. Eisenstein | Sep 23, 2019
Hyundai Motor Group has launched a new joint venture with autonomous vehicle development company Aptiv aimed at bringing to market “production-ready” autonomous vehicles by 2022, the two companies announced on Monday. The 50/50 partnership, valued at $4 billion, will...
by Joseph Szczesny | Sep 13, 2019
The maneuvering in the digital space surrounding the automotive industry continues as Santa Monica-based Fair announced that it is acquiring the assets of Canvas, a fledgling vehicle subscription service and a wholly owned subsidiary of the Ford Motor Credit Co. Ford...
by Joseph Szczesny | Aug 28, 2019
A federal grand jury in San Jose, California, has indicted Anthony Scott Levandowski in a 33-count criminal complaint charging him with stealing trade secrets from his former employers at Google and Waymo. David L. Anderson, the U.S Attorney for the Northern District...
by Joseph Szczesny | Aug 13, 2019
After piling up big losses, Uber is looking to trim costs, raising fears among employees that more layoffs are coming as part of the retrenchment. An Uber spokesman told Bloomberg that the San Francisco-based company has paused hiring new software engineers and...
by Joseph Szczesny | Aug 9, 2019
A 76-year-old passenger riding in an autonomous shuttle has been injured after the vehicle came to an unexpected stop, according to multiple media reports. Gene Petrie, an employee of the Utah State Tax Commission, was thrown from his seat and hit the handrail near...
by Paul A. Eisenstein | Jul 30, 2019
It’s not been a good couple weeks for the ride-sharing industry, on the whole. Cruise Automation, the General Motors autonomous technology unit, has indefinitely delayed the launch of its self-driving service. And Lyft, the second-largest U.S. ride-share operation,...
by Paul A. Eisenstein | Jul 30, 2019
Automakers are planning to invest hundreds of billions of dollars in autonomous and electric vehicles in the coming years, but they’re likely to face a lengthy wait before those technologies catch on with consumers, according to a new study by J.D. Power and...
by Paul A. Eisenstein | Jul 12, 2019
Ford and VW today formally unveiled an expanded “collaboration” they hope will position them as leaders in autonomous and electric vehicle development, even while helping slash the massive expenses required to bring those technologies to market. The announcement comes...
by Paul A. Eisenstein | Jul 10, 2019
Ford and Volkswagen are planning to announce two new joint ventures by as early as Friday that would have them pair up on the development of autonomous and electrified vehicles, TheDetroitBureau.com has confirmed with numerous sources close to the negotiations. The...
