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Subaru, Mazda Join Toyota and SoftBank’s Autonomous Car Venture

Subaru, Mazda Join Toyota and SoftBank’s Autonomous Car Venture

Subaru and Mazda are joining Toyota and SoftBank’s venture to develop services that will use autonomous cars. Together, all of the major companies are looking to come out with a ride-sharing service.

Vineeth Joel Patel2019-07-06 07:30 PT

SoftBank, Toyota's Self-driving Car Venture to Add Five Additional Automakers: Sources

SoftBank, Toyota's Self-driving Car Venture to Add Five Additional Automakers: Sources

The self-driving car joint venture of SoftBank Corp and Toyota Motor will receive investment from an additional five Japanese automakers, two sources familiar with the matter said, broadening backing for the all-Japan effort.

FutureCar Staff 2019-06-27 05:00 PT

GM’s Self Driving Unit Cruise Secures $1.15 Billion in New Funding

GM’s Self Driving Unit Cruise Secures $1.15 Billion in New Funding

GM Cruise LLC, the self-driving arm of parent General Motors, continues to attract big investments. The San Francisco-based company announced today a new $1.15 billion funding round for its autonomous driving technology.

Eric Walz2019-05-07 12:11 PT

Uber Looking to Sell a Minority Stake in its Autonomous Vehicle Unit

Uber Looking to Sell a Minority Stake in its Autonomous Vehicle Unit

Ride-hailing company Uber is preparing to sign a deal to sell a minority stake in its autonomous vehicle unit Uber ATG ahead of next month’s IPO. The deal would allow Uber to retain operational control of ATG while reducing its cash burden.

Eric Walz2019-04-17 17:14 PT

Silicon Valley Robotics Startup Nuro Raises Nearly $1 Billion in Latest Funding Round

Silicon Valley Robotics Startup Nuro Raises Nearly $1 Billion in Latest Funding Round

Nuro announced today that it has raised $940 million in its latest round of financing from the SoftBank Vision Fund. The company is developing small self-driving vehicles that can be used for on-demand e-commerce to deliver goods.

Eric Walz2019-02-11 13:39 PT

Uber in Talks to Buy Dubai-based Ride-Hailing Rival Careem for Around $2 Billion

Uber in Talks to Buy Dubai-based Ride-Hailing Rival Careem for Around $2 Billion

Ride-hailing company Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for around $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter.

FutureCar Staff 2018-09-17 13:09 PT

Uber in Talks to Buy Dubai-based Ride-Hailing Rival Careem for Around $2 Billion

Uber in Talks to Buy Dubai-based Ride-Hailing Rival Careem for Around $2 Billion

Ride-hailing company Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for around $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter.

FutureCar Staff 2018-09-17 13:09 PT

Elon Musk Confirms That Saudi Arabia Wealth Fund Offered to Take Tesla Private

Elon Musk Confirms That Saudi Arabia Wealth Fund Offered to Take Tesla Private

Tesla CEO Elon Musk confirmed in a blog post that the Saudi Arabian sovereign wealth fund approached him multiple times about taking Tesla private. He said they first met with him at the beginning of 2017.

Jacky Ho2018-08-13 12:05 PT

SoftBank & China’s Didi to Launch Taxi-Hailing Platform In Japan

SoftBank & China’s Didi to Launch Taxi-Hailing Platform In Japan

Didi Chuxing, the Chinese ride-hailing giant and transportation company, has teamed up with investor SoftBank to launch a taxi-hailing platform in Japan, ahead of the 2020 Tokyo Olympics. The service would help to serve the many Chinese citizens planning to travel to Tokyo to attend the Olympic Games.

Eric Walz2018-07-20 13:05 PT

GM Seeking Potential IPO for its Self-Driving Unit Cruise

GM Seeking Potential IPO for its Self-Driving Unit Cruise

In order to jumpstart the company's development of autonomous driving technology, General Motors purchased San Francisco-based autonomous driving startup Cruise Automation in 2016 for nearly $1 billion. Now, GM is exploring its options, including an IPO, for the self-driving arm.

Paul Young2018-06-18 16:00 PT

Chinese Electric Vehicle Startup NIO Exploring U.S. IPO

Chinese Electric Vehicle Startup NIO Exploring U.S. IPO

Tesla might be getting some new competition in the electric vehicle market it once solely occupied. Nio​, the Chinese electric-vehicle startup whose American headquarters is located in Silicon Valley, has reportedly filed confidential plans to go public in the U.S.

Derrick Smith2018-05-29 13:17 PT

Uber Gives Up in Southeast Asia, Sells its Services to Rival Grab

Uber Gives Up in Southeast Asia, Sells its Services to Rival Grab

Uber’s attempt at global expansion has taken another hit. The company announced that it is selling its ride-hailing services there to rival Grab.

Eric Walz2018-03-26 13:03 PT

SoftBank Tender for 14% Stake in Uber Closes at a Deep Discount

SoftBank Tender for 14% Stake in Uber Closes at a Deep Discount

Japanese multinational corporation SoftBank has acquired a 14% stake in Uber, as early shareholders have agreed to sell a large stake in the company. The deal was first reported by the Wall Street Journal.

Eric Walz2017-12-28 14:40 PT

Uber Confirms Multi-Billion Dollar Investment Deal From Softbank

Uber Confirms Multi-Billion Dollar Investment Deal From Softbank

Uber Technologies Inc. has approved SoftBank’s offer to buy a multi-billion dollar stake in the ride-hailing company, putting in place the pieces for one of the largest private stock sales in history.

Eric Walz2017-11-13 11:49 PT

Uber Board Approves Governance Changes, Limits Former CEO’s Influence

Uber Board Approves Governance Changes, Limits Former CEO’s Influence

After months of infighting at Uber, the company’s board on Tuesday unanimously agreed to change how the company is governed, diminishing former CEO Travis Kalanick’s influence while making peace among feuding factions

Eric Walz2017-10-04 10:45 PT