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
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
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
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
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
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
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
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 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 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
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
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
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
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 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
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
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
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
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 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
Eric WalzMar 23, 2020 8:00 AM PT
Vineeth Joel PatelMar 23, 2020 6:00 AM PT
Manish KharintaMar 22, 2020 2:50 PM PT