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News, Analysis & Perspective on Autonomous Vehicles

Uber’s self-driving car unit was burning $20 million a month

Posted on Mar 12, 2019 in Cars, Finance, News

Uber thought it would have 75,000 autonomous vehicles on the roads this year and be operating driverless taxi services in 13 cities by...

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VDA projects $68 billion investment in electric & autonomous cars

Posted on Mar 5, 2019 in Cars, Finance, News

Verband Der Automobilindustrie, known to English speakers as the German Automobile Association, says the country’s automakers as a group...

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Volkswagen ready to invest $1.7 billion in Ford’s self-driving unit Argo AI

Posted on Feb 26, 2019 in Cars, Finance, News

Volkswagen AG is looking to invest around $1.7 billion in a self-driving car venture with Argo AI, the self-driving arm of Ford Motor...

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BMW and Daimler will spend over $1 billion on the future of transportation

Posted on Feb 22, 2019 in Cars, Finance, News

BMW and Daimler, two giants in the automobile sector, are pooling their resources in a joint mobility effort that spans autonomous cars,...

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Ford and VW discuss autonomous car team-up at a $4 billion valuation

Posted on Feb 15, 2019 in Cars, Finance, News

Ford Motor Co. and Volkswagen AG are progressing toward a potential agreement to join forces on self-driving cars and have overcome...

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BlackBerry, federal government pour $350M into autonomous cars

Posted on Feb 15, 2019 in Cars, Finance, News

BlackBerry and the federal government are spending a combined $350 million on autonomous vehicle technology, which they say will create...

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BlackBerry to get $40M in federal funds to support self-driving car development

Posted on Feb 14, 2019 in Cars, Finance, News

The Liberal government is giving $40 million in federal money to BlackBerry to help the company develop self-driving car technologies....

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Seaport says GM is a leader in China, trucks and autonomous cars. Initiates coverage as a buy with $48 price target

Posted on Feb 13, 2019 in Cars, Finance, News, Trucks

Seaport Global initiated coverage on General Motors Wednesday as a buy with a price target of $48, citing the automaker’s recent...

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Self-driving tractor-trailer start-up TuSimple achieves unicorn status in funding round that values it at $1 billion

Posted on Feb 13, 2019 in Finance, News, Trucks

Autonomous trucking company TuSimple has achieved unicorn status on Wall Street with a fresh funding round that values the start-up at $1...

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May Mobility raises $22 million for self-driving shuttles

Posted on Feb 12, 2019 in Buses, Finance, News

May Mobility, a self-driving shuttle provider based in Ann Arbor, Mich., has raised a new round of funding that will help the company...

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SoftBank fund invests big in self-driving deliveries

Posted on Feb 11, 2019 in Cars, Finance, News

A Silicon Valley startup working on self-driving delivery vehicles on Monday announced nearly a billion dollars in fresh funding from the...

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U.S. Secretary of Transportation Elaine L. Chao joined by Jacksonville officials to formally announce $25 million BUILD rant for revitalization projects

Posted on Feb 8, 2019 in Finance, News

U.S. Department of Transportation Secretary Elaine L. Chao today made the formal announcement of a $25 million grant to support the Bay...

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GM’s spending on autonomous vehicles comes in below forecast

Posted on Feb 6, 2019 in Cars, Finance, News

General Motors spent much less than it expected last year on its GM Cruise autonomous vehicle operations. As part of its 2018 earnings...

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Self-driving truck startup Ike raises $52 million

Posted on Feb 5, 2019 in Finance, News, Trucks

Ike, the autonomous trucking startup founded by veterans of Apple, Google and Uber Advanced Technologies Group’s self-driving truck...

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Waymo offers way more upside to Alphabet stock long term

Posted on Feb 4, 2019 in Cars, Finance, News

Alphabet’s s (GOOGL) autonomous driving “moonshot” could be a key driver of share growth in the long term. Shares of the...

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Avinew raises $5 million for car insurance that rewards you for using autonomous safety features

Posted on Jan 30, 2019 in Cars, Finance, News

As the deployment of autonomous vehicles ramps up globally, all sorts of prickly regulatory questions are cropping up. Which parties...

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Uber contemplates outside investors for autonomous car unit

Posted on Jan 23, 2019 in Cars, Finance, News

Uber Technologies Inc. CEO Dara Khosrowshahi said it was “possible” the ride-hailing giant would look for outside investors for its...

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Aurora self-driving startup worth $2 billion after new investment

Posted on Jan 21, 2019 in Cars, Finance, News

The startup Aurora, which has an executive base drawn from Tesla, Uber, and Google, is set to be valued at over $2 billion following a new...

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Report: Self-driving car startup Aurora is raising capital at a $2B valuation

Posted on Jan 9, 2019 in Cars, Finance, News

Early last year, LinkedIn  co-founder and prolific venture capital investor Reid Hoffman  called Chris Urmson “the Henry Ford of...

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Goldman Sachs invests in Deep Map to provide a reliable solution for autonomous vehicles

Posted on Jan 3, 2019 in Buses, Cars, Finance, News, Trucks

In order to provide safe and best solution for autonomous vehicles, Goldman Sachs invested in Deep Map, Inc. The company joins Generation...

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