Tag Archives: Industry

Geely buys 9.7 percent of Daimler in $9B deal

Having just acquired Terrafugia, Lotus, and a sizable stake in Proton, holding company Zhejiang Geely's international buying spree doesn't look to be slowing down yet. Mercedes-Benz parent company Daimler on Saturday confirmed that Geely, which also owns Volvo and Lynk & Co., plus its own eponymous car brand, has acquired 9.69 percent of its...

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Mini plans to build electric vehicles in China

BMW Group, Mini's parent automaker, has signed a letter of intent to initiate a joint venture with China's Great Wall to produce battery-electric Minis in the country. Currently, the Mini plant in Oxford, England, is set to produce an electric Mini in 2019. The German automaker said production follows the market, and it sees immense opportunity for...

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Sony preparing AI-powered taxi-hailing system

In an effort to expand its artificial intelligence (AI) presence in the commercial and business sector, Sony now plans to lead a project to develop an AI-powered taxi-hailing system. Nikkei Asian Review reported on Tuesday that the system, which will first be offered in Japan, will help dispatch taxis more efficiently and analyze factors such as a user's...

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Mercedes integrates highly detailed HERE maps in self-driving tech

Mercedes-Benz's future self-driving cars will rely on a cloud-based high-definition map updated in real time to see the world around them. The machine-readable map, known as the HD Live Map, will come from mapping company HERE, a former unit of Nokia sold to Audi, BMW and Mercedes in 2015 for $3.1 billion. Intel also has a stake in HERE, which it acquired...

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$2.8B Toyota R&D center will include test track that mimics Nürburgring

Toyota plans for an expansive research and development center settled in Aichi, Japan, and included in the sprawling site will be 11 separate test tracks. And one of the tracks will mimic the famed Nürburgring, Nikkei Asian Review reported on Tuesday. The 1,600-acre site's 11 tracks will reproduce various driving conditions to ensure future vehicles...

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Porsche is officially done with diesels

Porsche in recent months has been in the midst of internal talks regarding the future of diesel engines within its own lineup. Those talks are clearly over, because the German automaker has just killed off the last remaining oil-burner holdouts in the lineup. For Porsche, diesel is now officially dead. According to Autocar, Porsche has removed the last two...

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First EVs on Audi and Porsche’s PPE platform coming in 2021

Audi will introduce its first volume electric car this year in the form of the e-tron SUV. Fellow Volkswagen Group member Porsche will follow in 2019 with its own electric car in the form of the production version of 2015's Mission E concept. The two cars ride on distinct platforms developed independently, C-BEV in the case of Audi and J1 in the case of...

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Lexus tops 2018 JD Power Dependability Study

Lexus was rated the most dependable brand in the annual J.D. Power Dependability Study for the seventh time in a row, further strengthening the brand's reputation for quality and reliability. The annual study examines problems experienced during the past 12 months by original owners of vehicles bought new three years ago, which for the 2018 study means...

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Faraday Future teases second SUV at supplier meeting

Faraday Future on Wednesday gave a preview of a model to follow the FF91, which the company remains hopeful of getting into production by the end of 2018. The preview came in the form of a design sketch shown briefly to attendees at a supplier meeting. The electric car startup held the meeting with representatives from more than 100 suppliers at its...

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