Lyft Inc. will become the first ride-hailing company to go public. Ahead of its Friday IPO, Lyft is reportedly pricing its stock at $72 per share, according to the New York Times. A price of $72 per share would value the ride-hailing firm at $24.3 billion.
FutureCar Staff 2019-03-28 18:44 PT
Silicon Valley self-driving startup Aurora Innovation Inc. has secured an additional $530 million in its latest Series B funding round. Participating in the investment round is retail giant Amazon. The latest funding values the startup at $2.5 billion and will help Aurora to further develop its autonomous driving technology.
Eric Walz2019-02-07 13:26 PT
Tencent is looking to assemble a autonomous driving team in Silicon Valley. The company posted an advertisement on the business networking site LinkedIn to recruit autonomous driving engineers and researchers in the U.S.
FutureCar Staff 2018-11-07 15:31 PT
Japan’s Renesas Electronics Corp said it had agreed to buy Silicon Valley-based Integrated Device Technology Inc (IDT) for $6.7 billion, its second major acquisition as it looks to develop semiconductors and sensors used for self-driving cars.
FutureCar Staff 2018-09-11 13:18 PT
Chinese automaker HOZON Auto has officially opened its Autonomous Vehicle Research Center in Silicon Valley, marking a step-forward in building out its global strategic R&D layout.
Eric Walz2018-04-17 11:26 PT
Volvo Cars, the premium car maker, has launched a new investment fund aimed at investing in high potential technology start-ups in Silicon Valley and around the globe. The aim of the fund is to invest in strategic technology trends that are transforming the automotive industry, including autonomous driving.
Eric Walz2018-02-28 11:28 PT
Global automakers including Toyota, Hyundai, Ford and Mazda are showing off their latest models this weekend at the Silicon Valley Auto Show being held at the San Jose McEnery Convention Center in San Jose, California.
Eric Walz2018-01-05 17:29 PT
Arizona is experiencing a new wave of settlers in the form of technology companies that are moving from Silicon Valley to find a place to test their autonomous vehicles.
Vineeth Joel Patel2017-08-19 14:00 PT
The autonomous-car battle shouldn’t be Silicon Valley versus Detroit, it should be technology companies working hand-in-hand with automakers, reports The Detroit News.
Vineeth Joel Patel2017-07-23 09:10 PT
Baidu, China's leading Internet search company, is set to announce the first vehicle manufacturing partners for its self-driving software in Beijing, the result of work that is happening 6,000 miles away in Silicon Valley, where other Chinese companies are busy developing and funding software and hardware to power internet-connected, autonomous vehicles.
Eric Walz2017-06-30 13:25 PT
Luxury automaker Porsche is opening a new satellite office in Santa Clara, to help it get better connected to Silicon Valley’s startup and venture capital scene, and the region’s rapidly growing automotive technology industry.
Eric Walz2017-05-05 10:07 PT
The race to develop and deploy autonomous vehicle technology is reshaping the hierarchy of the automotive industry. Recently Bosch and Mercedes Benz said they will collaborate on development of self-driving vehicles. Bosch also expects to sell the systems it is developing with Mercedes to other automotive companies.
Eric Walz2017-04-21 11:02 PT
California based Velodyne LiDAR Inc., a leading manufacturer of LiDAR (light detection and ranging) sensors used on self-driving vehicles, has just announced a new solid state LiDAR sensor. Velodyne calls its new design the “Velarray”.
Eric Walz2017-04-20 13:49 PT
Baidu, one of the world’s largest internet technology companies, has just announced that it will open source its autonomous driving technology, which includes the software designed for its self-driving cars. The move is hoped to speed up the development of self-driving cars, and entice other car manufacturers to work with Baidu's technology.
Eric Walz2017-04-19 13:41 PT
Continental opens a new location in San Jose, California in Silicon Valley. Continental expects to employ about 300 experts from all parts of the company that will work on pioneering solutions for the sustainable mobility of the future.
Eric Walz2017-04-14 10:40 PT
Luminar, a Silicon Valley start-up has developed an improved Lidar for self-driving cars and announced that production will begin soon. Some features of this system are highlighted.
Eric Walz2017-04-13 15:25 PT
Eric WalzApr 23, 2019 11:31 AM PT
Eric WalzApr 22, 2019 6:24 PM PT
Manish KharintaApr 22, 2019 12:00 PM PT
Michael ChengApr 22, 2019 10:12 AM PT