GM to Cut Cruise Self-Driving Car Spending by $1 Billion
Cruise recorded a $2.7 billion pre-tax loss in 2023, not including approximately $500 million in restructuring costs....
Read MoreBYD announces $14B investment in smart car technology, including ADAS
BYD announced plans to invest $14 billion in smart car technology, including autonomous driving software and driver-assistance systems....
Read MoreTuam firm developing driverless car tech sees profits accelerate to €46.2m
Pre-tax profits at the Tuam firm at the cutting edge of driverless car technology almost doubled to €46.25m in 2022....
Read MoreDOT announces $25 Million for Rural Autonomous Vehicle Research Program
(Washington, D.C.) – The U.S. Department of Transportation (DOT) announced a $25 million funding opportunity for its Rural Autonomous...
Read MoreInverted AI secures $4M to simulate human drivers with generative AI to help develop autonomous vehicles
Inverted AI, a Vancouver-based company that uses generative artificial intelligence for autonomous vehicle development, announced Thursday...
Read MoreSelf-Driving Car Startup Raises $85M to Produce Automaker Tech
An Israeli start-up producing tech that assists automakers in improving their self-driving cars has announced significant new funding. Tel...
Read MoreGovernment backs self-driving cars with £150m funding
Cash will support work Centre for Connected and Autonomous Vehicles, which aims to support development of commercial market for...
Read MoreDiDi Autonomous Driving invests in LiDAR maker Benewake
On November 17, DiDi Autonomous Driving announced an investment exceeding a hundred million yuan in Benewake (Beijing) Co., Ltd....
Read MoreSelf-Driving Vehicle Company Gets $105M Funding Boost
Michigan-based autonomous vehicle (AV) start-up May Mobility has confirmed it has raised another $105 million after it closed a series D...
Read MoreAutonomous Driving Could Get ¥2.7 Billion Boost from Japanese Govt
The government is considering earmarking ¥2.7 billion in its fiscal 2023 supplementary budget to support tech development for so-called...
Read MoreKing Long secures $1mln at Dubai World Challenge for Self-Driving Bus
Cinching first place for its self-driving bus equipped with advanced technologies, the win will see distributor AG Auto potentially deploy...
Read MoreSMMT: Electrified, driverless vehicle revolution could fuel £66bn annual UK windfall by 2040
The UK could reap the rewards of a £66bn annual windfall before 2040 driven by the widespread adoption of driverless electric vehicles...
Read MoreSelf-driving startup Pony.ai secures $100m from Saudi’s Neom
NEOM, the smart and sustainable regional development in northwest Saudi Arabia, has injected $100 million into autonomous driving firm...
Read MoreChina Self-Driving Vehicle Company Receives $149M in Funding
DiDi, once considered the Uber of China, has announced major new funding for its Autonomous Driving arm. The investment, worth up to $149...
Read MoreWatford to St Albans self-driving buses study gets funding
Last week, the Government announced £1.3 million in funding for six projects to explore how self-driving vehicles could improve local...
Read MoreGoogle Deepens Investment in UK Driverless Car Technology
In a move indicative of Google’s commitment to autonomous vehicle technology, the tech giant has announced a 3.5% stake in Oxa, a...
Read MoreFunding to examine how self-driving vehicle technology can improve local transport
Six projects have received Government and industry funding to conduct feasibility studies on how self-driving vehicle technology can...
Read MoreUber Hits Financial Milestone Despite Looming Autonomous Vehicle Threat
On Monday, Uber announced a significant financial milestone, generating an operating income of $326 million and a free cash flow of $1.1...
Read MoreAI chip company Kneron raises $49M to scale up its commercial efforts
Kneron, which is developing AI chips to power self-driving cars, among other autonomous machines, today announced that it raised $49...
Read MoreFernride CEO Hendrik Kramer shares the significance of the autonomous electric trucking company’s $50M raise
Today German autonomous electric trucking innovator Fernride announced a $19 million increase to its Series A funding, bringing the total...
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