Category: Automotive News

Israeli Maker of Connected Vehicle Technology Raises $30 Million

thetower.org An Israeli maker of vehicle-to-vehicle (V2V) communication systems raised $30 million in its latest funding round, allowing it to expand its global operations, Globes reported Wednesday. Autotalks has raised $70 million to date, including the latest round. News of the latest investments in the company comes as the United States Department of Transportation (USDOT)…

“Data is the new oil” Why the race for data ownership is the new driving force of the automotive industry.

Eran Shir getnexar.com Yesterday Intel & Mobileye announced that Mobileye will be acquired by Intel for over $15B, an announcement that made waves, given its sheer size and importance, not just for the Israeli tech ecosystem, where Intel is already the largest player, but also worldwide. Much of the discussions yesterday debated the question of…

Intel to buy automotive tech co Mobileye for $14.7 bn

Baburajan K infotechlead.com Intel is to set to acquire Mobileye, a supplier for computer vision systems for the automotive industry, for an enterprise value of $14.7 billion. “The acquisition of Mobileye brings together the assets of Intel’s Xeon processors, FPGAs, 3D XPoint memory, and 5G modems with the world leader in automotive computer vision,” said…

Car Tech Startup Investment Exceeds $1 Billion In 2016

Doug Newcomb forbes.com If you want an indication of how hot the car tech market has become, just follow the money. In this case, the more than $1 billion invested in the space in 2016 – a 30% rise in deal activity over the previous year, according to CB Insights. The business data analytics company…

Auto testing facility to get $45 million grant for expansion

Mark Gillispie sacbee.com CLEVELAND The country’s biggest automotive testing facility outside Columbus will receive a $45 million grant to expand as the state furthers its efforts to become a national leader in advancing autonomous vehicle research and smart road technology, Gov. John Kasich and other officials announced Thursday at Ohio State University in Columbus. The…

Unexpected dangers lurk for drivers as cars go high-tech

Editor’s note: If something isn’t capable of performing its basic intended function what use is it. With that said, how could it be considered “high-tech.” All the creature comforts ought to be optional. If not optional, how about a button on the dash that read “1990s” that disables all the computer controlled override nonsense. As…

GM China to be penalized for monopolistic behavior, reports say

John Ruwitch and Jake Spring autonews.com SHANGHAI/BEIJING — China will soon slap a penalty on General Motors’ China unit for monopolistic behavior, according to media reports out of China today. Initial reports from the China Daily newspaper didn’t name the automaker, but Bloomberg, citing people familiar with the matter, reported that GM China was the…

Electric Car Company to Build $700M Facility in Arizona

Evelina Croitoru cpexecutive.com Lucid Motors’ new manufacturing center will create more than 2,000 new jobs by 2022. Peter Rawlinson Casa Grande, Ariz.—Lucid Motors, a luxury mobility company focusing on innovative engineering, design and technology to create electric vehicles, has announced the ground breaking of a car manufacturing center in Casa Grande, Ariz. The facility is…

The Technology Behind Mazda’s SKYACTIV Automotive Developments

hassangill groundreport.com SKYACTIV technology is a series of developments by Mazda, which were developed to increase engine efficiency while also adding an increase in engine power and torque output. SKYACTIV technology was initially announced as an eventual replacement for all previous existing engines, transmissions, body, and chassis, in Mazda products starting from 2011 onwards. SKYACTIV’s…

The hunt is on for elusive new powertrain technology

Michael Nash automotiveworld.com Almost all of the low-hanging fruit for improving fuel economy and reducing emissions has been plucked. To keep hitting increasingly stringent standards, engineers are faced with identifying solutions that may be completely innovative or unconventional – to continue the analogy, they need to target the fruit higher up the tree and harder…