Cox Automotive has established a new business division, Mobility Solutions Group, to focus on products for fleets, consumer mobility and mobility-as-a-service (MaaS). To join its investments in this group is newly-acquired Clutch Technologies, which brings a technology platform to support subscription access to automotive services. Clutch, formed and developed with support from Cox Enterprises’ Innovation Read More..
Ford Motor Company has created a new organization called Ford Autonomous Vehicles LLC, to be based at its campus under development in Corktown, Detroit. The new company is tasked with accelerating Ford’s autonomous vehicle business and capitalizing market opportunities, and will include Ford’s activities in self-driving integration; AV research and advanced engineering; development of AV Read More..
Toyota Motor Corporation (TMC) has announced the reorganization of its InfoTechnology Center research and development companies. The functions of the Tokyo-based InfoTechnology Center (ITC Japan) will be absorbed into TMC’s in-house Connected Company by March 2019, and ITC USA, California, will be incorporated into Toyota Motor North America. ITC Japan and ITC USA, both established Read More..
Toyota is to invest $1billion in ride-hailing firm Grab, which will leverage the Japanese carmaker’s mobility services platform in Southeast Asia. Singapore-based Grab – which acquired Uber’s assets in the region earlier this year – operates mobile platforms for transportation, micro-payments, financial services, and food and package delivery, as well as the established ride-hailing service. Read More..
DENSO Corporation has taken an equity stake in On The Road Co. Ltd., with a view to accelerating development of technologies for Mobility as a Service (MaaS). Its investment of around 160 million yen (about $1.5 million) gives it a stake of just under 15%. On The Road – like DENSO, based in Aichi prefecture, Read More..