Hyundai’s corporate venture division has made an investment in Israeli technology firm allegro.ai, which specializes in deep learning-based computer vision. It aims to accelerate its deployment of artificial intelligence across various business areas, as well as to use AI to enhance the safety of the driving experience. The allegro.ai technology is said to be an Read More..
Alliance Ventures, the venture capital division of the Renault-Nissan-Mitsubishi Alliance, has made two new strategic investments. Its latest is in Transit, a multi-modal transport app firm based in Montreal, Canada, which has produced an app functional in over 175 metropolitan areas around the world. Transit’s app aggregates and maps real-time transportation data from modes including Read More..
Faurecia bids to acquire all shares in Japan’s Clarion, intends to form alliance with Hitachi to develop autonomous driving products
Faurecia is bidding to acquire Clarion, in a move to strengthen its position as a major supplier of cockpit systems at a time when car interiors are being transformed. The French automotive supplier said the acquisition of Clarion, which makes in-vehicle infotainment, HMI and connected driver-assistance systems, will give it a stronger position in the Read More..
Before joining Renault, Frederic Vincent spent 20 years working in the television industry, most recently as chief technology officer at premium French cable TV company Canal+. In 2016, Vincent became CIO of Renault, taking charge of the carmaker’s IT operations as well as its digital factory, Renault Digital. In an interview with automotiveIT International at Read More..
Capgemini Invent, a digital consulting division of the global Capgemini group, is launching a consultancy service which promises to help automotive OEMs accelerate digitization across their business, identify new opportunities, and increase customer satisfaction. Smart Mobility Connect leverages strategy, technology, design, data analytics and artificial intelligence in three key areas: connected customer, using real-time data Read More..
COPENHAGEN — Volkswagen brought its electric premium car-pooling van to the ITS World Congress here last month, providing a live example how the auto will help address growing urban traffic problems. Pollution, traffic congestion and growing urban transport inefficiency were key topics of discussion at the five-day ITS gathering, which was attended by government officials Read More..
HANOVER –Audi’s digitalization chief said the premium carmaker aims to focus on “a limited set of profit pools” as it adapts its business strategy to changing market conditions. John Newman, Audi’s head of digitalization, told the carIT Congress here that the auto industry is facing a broad range of disruptive market forces. These include trends Read More..
Chinese LiDAR developer ABAX Sensing has completed a follow-on round of financing, led by Robert Bosch Venture Capital (RBVC). Other investors include China tech firm Orbbec and GSR Capital. RBVC’s managing director, Dr Ingo Ramesohl, said in a statement that this “underlines our excitement in the disruptive approach of ABAX for the next-generation LiDAR”. ABAX has Read More..
Consultancy firm McKinsey&Company has come up with a series of recommendations for successful digital transformation for Tier One automotive suppliers, noting that most in this sector have only recently started to develop new digital products, services and processes. It warns that, for example, scaling-up transformative measures can be hard; roadmaps are often either vague or Read More..
Toyota Motor Corporation and Uber Technologies are expanding their partnership, with Uber to deploy purpose-built Toyota vehicles on its fleet. Toyota is also investing $500 million in the ride-hailing firm, subject to regulatory approval. The collaboration aims to advance, commercialize and scale up technologies for autonomous ride-sharing. An initial pilot ‘Autono-Maas’ (autonomous Mobility as a Read More..