Latest Startups & Venturing
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CES 2020: Is Sony’s Vision S a scary sight, or a revelation for carmakers and suppliers?
Should automotive manufacturers and the supply chain fear or embrace this surprise announcement from the consumer technology giant?
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Tearing profits apart: how tier 1 automotive suppliers can mitigate shrinking margins
The latest report by Automotive from Ultima Media examines the profits and outlook for the top 20 automotive parts suppliers and explores the strategies and solutions they should consider to avoid significant disruption in the 2020s, including the key role they will play in automotive design and R&D
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Suppliers will charge the change: opportunities in the EV value chain
While much focus is put on OEM plans to launch more electric vehicles, a great deal of the technology, value, production and services will come from both existing and emerging suppliers across the value chain. We expect many new opportunities for these companies over the next decade.
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Volvo Group invests in Israeli cyber security firm, establishes separate autonomous-transport division
Volvo Group said its venture capital arm has invested in Israeli automotive cybersecurity specialist Upstream Security. It also announced that it would form a dedicated new business arm for autonomous vehicles.
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What took the air out of Dyson’s electric car project?
The iconic manufacturer of vacuum cleaners has cancelled plans to develop and build an EV. That was probably a smart decision, considering the huge costs, competition and struggling market that Dyson would have been entering. An analysis from Ultima Media’s automotive analyst, Daniel Harrison.
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Dyson scraps plan to build electric vehicle
Vacuum cleaner maker Dyson has scrapped plans to build an electric vehicle, highlighting the difficulties non-automotive companies face when they want to build a car.
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Subscribing to a new idea of mobility at Canoo
James Cox, former head of product planning at Uber, talks about leading product technology at EV startup Canoo and why he thinks the company will succeed with its subscription-based vehicle offering.
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Amazon orders 100,000 electric delivery vans from Rivian; steps up commitment to carbon neutrality
Amazon has ordered 100,000 electric delivery vans from Rivian, an electric-vehicle startup that is set to launch its first products in late 2020.
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Ford sells Canvas vehicle subscription service
Ford Motor is selling Canvas as the carmaker reassesses the business case for vehicle subscription services.
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Former Byton chief Breitfeld becomes CEO of Faraday Future
Former Byton CEO Carsten Breitfeld has been appointed global chief executive of Los Angeles-based Faraday Future (FF), strengthening the management ranks of the Chinese-owned electric-vehicle company and potentially improving its chances of bringing to market its flagship FF 91 model.
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Study: German logistics sector fails to benefit from startup technologies
German companies transporting goods all too often ignore the potential of digital technologies developed by startup companies, a new study found.
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San Francisco food delivery firm DoorDash acquires autonomous vehicle specialist Scotty Labs
DoorDash, an on-demand food delivery service with a growing interest in autonomous vehicle technology, has acquired Scotty Labs, a tele-operations company that is developing technology for remote-controlled autonomous driving for cars and trucks.
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New dates for Go Innovate! Live conference in December where GM, Ford, BMW, Honda and FCA will speak on changing IT for automotive
The inaugural automotiveIT International Go Innovate! Live conference has changed dates and will now be held this December 3-5th in Detroit. The event will now see speakers from General Motors, Honda, BMW and Daimler joining Ford, Bosch, Visteon, Inteva and others.
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Porsche invests in Israeli sensor and vision specialist, TriEye
Porsche has acquired a minority stake in TriEye, an Israeli technology start-up specialized in deep learning and semi-conductor components that support autonomous driving and advanced driver assistance systems.
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Stefan Krause takes time out as CEO of Canoo in second top executive change this summer
Krause, the founder and chief executive officer of electric vehicle startup Canoo (formerly Evelozcity), is stepping down temporarily as the company’s chief executive officer and chairman of the board for family reasons as the company prepares to unveil first model.
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Seat to expand its software development in Barcelona under new CIO
As part of a new and expanded brand IT function under Sebastian Grams, Seat is combining a number of digital initiatives in Barcelona, including new digital processes and mobility concepts.
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At ZF, a broad focus on a wide range of automotive technologies
ZF Friedrichshafen’s new technologies are designed to support the further automation of the mobility experience on various fronts, but the large German automotive supplier doesn’t see full autonomous driving on public roads anytime soon. In the meantime, it works to improve conventional vehicles, while at the same time developing tomorrow’s mobility.
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Karl-Thomas Neumann to leave Canoo EV startup
Karl-Thomas Neumann is leaving the management team of Canoo, the electric vehicle startup previously known as Evelozcity.
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Volkswagen makes Dresden a center for its industrial cloud
Volkswagen has opened a new IT center today at its factory in Dresden, Germany that is set to play an important role in the carmaker’s cloud, hardware and software applications, in particular across digital assembly and logistics processes.
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Renault, Nissan partner with Waymo to explore driverless mobility services
Renault and Nissan have signed an agreement with Waymo to jointly explore the feasibility of driverless mobility services.