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Autonomous Driving Startup Pony.ai Receives $400 Million Investment from Toyota

Autonomous Driving Startup Pony.ai Receives $400 Million Investment from Toyota

Autonomous driving startup Pony.ai announced today it received a $400 million investment from Toyota. The investment will help to strengthen and expand its collaboration with Toyota on self-driving cars.

FutureCar Staff 2020-02-26 15:45 PT

Toyota Joins Forces With Panasonic to Jointly Develop EV Batteries

Toyota Joins Forces With Panasonic to Jointly Develop EV Batteries

The joint partnership will see Toyota and Panasonic develop and manufacture prismatic lithium-ion batteries for electric vehicles, which will also be available for other automakers to purchase.

Vineeth Joel Patel2020-02-09 09:00 PT

Chief Executive Officer of Toyota Motor North America Announces His Retirement

Chief Executive Officer of Toyota Motor North America Announces His Retirement

Toyota Motor North America (TMNA) announced today changes in its executive leadership designed to sustain its automotive operations and continue its transformation in the mobility space as its CEO announces his retirement.

Eric Walz2019-12-11 18:05 PT

Toyota Believes There’s No Market for EVs Yet

Toyota Believes There’s No Market for EVs Yet

In a recent interview, Toyota’s sales and marketing chief claims that the demand for electric vehicles isn’t there yet, which explains why the Japanese brand still doesn’t have a battery-powered car in its lineup.

Vineeth Joel Patel2019-12-09 07:00 PT

Toyota's Luxury Brand Lexus to Debut its First Electric Vehicle

Toyota's Luxury Brand Lexus to Debut its First Electric Vehicle

Unsurprisingly, the debut is scheduled to be made in China where the electric car is expected to be popular.

Vineeth Joel Patel2019-11-18 06:00 PT

GM Open to Work with Other Automakers on Electric Vehicles, CEO Says

GM Open to Work with Other Automakers on Electric Vehicles, CEO Says

General Motors is open to working with other automakers on the development of electric vehicles, Chief Executive Mary Barra said on Thursday.

FutureCar Staff 2019-08-02 11:57 PT

Toyota, Volvo Lead $31 Million Investment in AI-based Vehicle Inspection Startup UVeye

Toyota, Volvo Lead $31 Million Investment in AI-based Vehicle Inspection Startup UVeye

Israel-based startup UVeye announced today it raised an additional $31 million in funding, led by Toyota Tsusho, the trading arm of the Toyota Group, Volvo Cars and W. R. Berkley Corporation. The company developed a unique AI-based computer vision solution for vehicle inspections, including inspections of autonomous and ride-sharing vehicles.

Eric Walz2019-07-22 13:15 PT

Lexus Wants to Offer an Electrified Option of Every Model by 2025

Lexus Wants to Offer an Electrified Option of Every Model by 2025

Toyota, Lexus’ parent company, may not be too big on electric cars at the moment, but the company has plans to introduce an electrified option on every one of its vehicles in six years.

Vineeth Joel Patel2019-07-22 08:50 PT

Toyota to Team Up with China’s CATL to Develop Batteries for Electric Vehicles

Toyota to Team Up with China’s CATL to Develop Batteries for Electric Vehicles

Toyota Motor Corp has agreed to partner with China’s Contemporary Amperex Technology Co Ltd (CATL) to supply and develop batteries for new energy vehicles, which in fully-electric and plug-in hybrid models.

FutureCar Staff 2019-07-17 16:50 PT

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

FCC Will Reconsider Opening the 5.9 GHz Band for Wi-Fi & Connected Cars

FCC Will Reconsider Opening the 5.9 GHz Band for Wi-Fi & Connected Cars

​The U.S. Federal Communications Commission (FCC) plans to vote next month on launching a new review of a key band of the 5.9 Ghz spectrum that has been reserved for automakers that could boost Wi-Fi use, a person briefed on the matter said on Tuesday. According to the FCC, the increase in spectrum will allow automakers to improve advanced driver assist systems.

Eric Walz2019-05-14 14:08 PT

Honda and Toyota Scrambling to Find Funds to Develop EVs, New Tech

Honda and Toyota Scrambling to Find Funds to Develop EVs, New Tech

Two of the automotive industry’s largest automakers are trying to free up some money to catch up with automakers that have invested heavily into electric vehicles and new technology.

Vineeth Joel Patel2019-05-09 08:51 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

The New PAVE Coalition Aims to Educate the Public to Embrace Self-Driving Technology

The New PAVE Coalition Aims to Educate the Public to Embrace Self-Driving Technology

Global automakers including Toyota, tech companies working on autonomous mobility, and other stakeholders have joined together to form a coalition called PAVE, which stands for “partners for automated vehicle education”. The coalition launched the first ever campaign to inform the public about the potential of self-driving technology.

Eric Walz2019-01-07 17:48 PT

Hyundai Announces its ‘FCEV Vision 2030’ to Accelerate Fuel Cell Vehicle Production

Hyundai Announces its ‘FCEV Vision 2030’ to Accelerate Fuel Cell Vehicle Production

Hyundai Motor Group, which includes automotive brands Hyundai and Kia, today announced its long-term roadmap called ‘FCEV Vision 2030’ plan, as the company reaffirms its commitment to accelerate the development of hydrogen fuel-cell technologies.

FutureCar Staff 2018-12-11 12:40 PT

The Mercedes Benz Hydrogen-powered GLC F-Cell Now Available in Europe

The Mercedes Benz Hydrogen-powered GLC F-Cell Now Available in Europe

Mercedes Benz has announced that its new GLC F-Cell, the company’s first hydrogen powered vehicle, is available for customers to lease in Europe. Drivers in Germany can now lease the GLC for 799 euros ($917) a month.

FutureCar Staff 2018-10-15 16:34 PT

Toyota Plans to Triple its Vehicle Output in China By 2030

Toyota Plans to Triple its Vehicle Output in China By 2030

Japan’s Toyota Motor Corp has announced it intends to triple its vehicle offerings in China by 2030. The automaker is planning to to ramp up production in China to 3.5 million vehicles annually by then, in a renewed push to make up lost ground in the world’s biggest auto market.

Eric Walz2018-08-28 16:54 PT

Toyota Investing $500 million in Uber to Develop Driverless Cars

Toyota Investing $500 million in Uber to Develop Driverless Cars

Uber’s struggling self-driving program is about to get some new life, thanks to a $500 million investment from Japan’s Toyota Motor Corp. On Monday, Reuters reported that Toyota and Uber will work together on the development of self-driving cars, citing sources familiar with the matter. The equity investment will help advance both Toyota and Uber’s autonomous driving technology.

Jeremy Carlton2018-08-27 15:57 PT

Automakers Warn U.S. Tariffs Will Raise Prices & Cost Hundreds of Thousands of Jobs

Automakers Warn U.S. Tariffs Will Raise Prices & Cost Hundreds of Thousands of Jobs

Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto industry jobs, dramatically hike prices on vehicles and threaten investment in self-driving technology.

Eric Walz2018-06-27 14:42 PT

Toyota to Invest $1 Billion in Singapore-Based Ride-Hailing Company Grab

Toyota to Invest $1 Billion in Singapore-Based Ride-Hailing Company Grab

Toyota is investing $1 billion in Singapore’s Grab Holdings Inc., valuing the Southeast Asia’s largest ride-hailing service at just over $10 billion.

Paul Young2018-06-13 13:59 PT

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