While Toyota has been slower than other legacy automakers to adopt electrification it has hit the throttle on EV innovation to catch up, a GlobalData analyst wrote this week. In the EV field, Tesla is widely seen as the leading driver of innovation. The company changed the face of the market with the launch of […]
Kodiak Robotics, Inc., a US-based developer of autonomous trucks, has secured USD125 million in Series B funding round from SIP Global Partners, Muirwoods Ventures, Harpoon Ventures, StepStone Group, Gopher Asset Management, Walleye Capital, Aliya Capital Partners, Battery Ventures, CRV and Lightspeed Venture Partners also participated. Bridgestone Americas and BMW i Ventures, which had announced strategic
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Car Media 2.0 has announced a new strategic partnership as the exclusive Vehicle Merchandising partner for all Canada Drives sites in Canada. Inventory merchandising has become a critical component to enable online retailing for the automotive industry. Today’s consumers will only engage with online retailers who provide a comprehensive view of their inventory including full
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Toyota said it was expanding its commitment to the American Center for Mobility (ACM) with a new investment of US$3.5m in a five year lease for exclusive campus facilities plus an additional estimated $2.5m for increased use of ACM testing services. The agreement included vehicle labs and office workspace in new construction. The automaker uses
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Credit: wutzkohphoto/shutterstock General Motors said it was restructuring its information technology department into two groups: a digital business software team and global IT as part of a goal of growing software services revenue to US$20bn to $25bn a year by 2030. Stacy Lynett was named VP of digital business software, reporting to chief digital officer
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Interiors supplier Grupo Antolin has joined Car Connectivity Consortium (CCC) to further develop its car access systems. CCC is a multiple industry organisation developing global standards and advanced technology for smartphone to car connectivity products. Grupo Antolin will thus participate in projects implementing the digital key, the system standard which allows consumers to use mobile
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