Intel Corp. said Monday its Mobileye autonomous vehicle technology unit has confidentially filed paperwork for an initial public offering in the United States, which could value it at than $50 billion. Intel did not give more details about the offering, but has previously said it would receive the majority of the proceeds from the share
Industry
The Environmental Protection Agency (EPA) on Monday said it was proposing new rules to cut smog-forming and greenhouse gas emissions from heavy duty vehicles. The agency is proposing to require cuts in nitrogen oxide emissions from heavy trucks of 47 percent to 60 percent by 2045. The new standards would begin in the 2027 model
Within an hour of hearing about a fatal crash between a self-driving test vehicle and a pedestrian, Bastien Beauchamp started thinking about better ways for autonomous vehicles to communicate with vulnerable road users. “I saw that news, and I was really shocked,” said Beauchamp, a serial entrepreneur. “I thought, ‘This is the future, where you
Russian self-driving tech company Yandex has placed its operations in the U.S. on hiatus. The company said Friday it has paused testing of its robotaxi fleet in Ann Arbor, Mich., and is no longer making restaurant deliveries with its six-wheeled sidewalk Rover bots on college campuses across the country. “Our AV test fleet in Ann
Chinese billionaire Li Shufu is on a fundraising blitz as he pursues ambitious goals for his global automotive empire. Smart car technology company Ecarx Co., whose backers include Li and his Zhejiang Geely Holding Group Co., is considering seeking a U.S. listing via a merger with a blank-check company, according to people with knowledge of
Ford Motor Co. unveiled a two-pronged future this week, with its gasoline-powered and electric businesses divided into two new business units. Do two-wheeled vehicles fit into that vision? Not so much. Amid the new structural developments announced this week, Ford quietly sold its electric bike and scooter division, Spin, to European micromobility operator Tier Mobility
Join Automotive News at noon EST today for a live discussion on our LinkedIn and Facebook pages about industry innovation and how to apply for our annual PACE and PACEpilot Awards. For 28 years the Automotive News PACE program has honored superior innovation, technology and business performance among auto suppliers. Executive Editor Jamie Butters will
Self-driving truck company Embark is scouting for U.S. real estate. The company said Monday it has partnered with real estate investment firm Alterra Property Group to identify locations across the Sun Belt that could be utilized as transfer points, at which human drivers could take over for automated systems that handle highway driving. Embark intends
Getty Images Toyota will shut down all 14 of its factories in Japan on Tuesday after a possible cyber-attack. News site Nikkei, which first reported the shutdown, said supplier Kojima Industries Corporation suspected it had been hit by a cyber-attack, causing a halt in production. Japanese factories account for about a third of Toyota’s production.
The California Public Utilities Commission (CPUC) on Monday issued permits to self-driving units of General Motors and Alphabet Inc.’s Waymo to allow for passenger service in autonomous vehicles with safety drivers present. CPUC said the GM unit Cruise and Alphabet’s Waymo are under Drivered Deployment permits authorized to collect fares from passengers and may offer
PA Media Jaguar Land Rover (JLR) says it has paused the delivery of its cars to Russia due to “trading challenges”. The car maker, which has its headquarters in Coventry and plants in Castle Bromwich and Solihull, sold 6,900 vehicles to Russia last year. It is thought sanctions imposed by the UK, the EU and
Cruise LLC, the autonomous vehicle company that is majority-owned by General Motors, on Monday named founder Kyle Vogt the full-time chief executive officer. Vogt had been interim CEO since Dan Ammann left Cruise in December following disagreements with GM Chair and CEO Mary Barra. At the time, GM said it would look for a permanent
BRIMLEY, Mich. — Magna International Inc. seeks to maintain its position as the industry electrifies and becomes more connected. The supplier says its ability to offer complete systems to automakers, not just individual components, will be a key differentiator as it looks to do so.“Having different systems come together and how well they interact with
A fatal Pennsylvania bus crash has brought renewed calls for salvaging a safety technology that once held the promise of saving thousands of lives on U.S. roads. On the night of Jan. 5, 2020, five people were killed when a speeding bus overturned on a wet highway near Mount Pleasant, Pa. Three trucks and a
Join Automotive News at noon EST Tuesday, March 1 for a live discussion on our LinkedIn and Facebook pages about industry innovation and how to apply for our annual PACE and PACEpilot Awards. For 28 years the Automotive News PACE program has honored superior innovation, technology and business performance among auto suppliers. Executive Editor Jamie
Virgin Hyperloop’s yearslong goal of transporting people via vacuum-sealed tubes at speeds of up to 670 mph is on hold. The California company, founded in 2014 and backed by billionaire Richard Branson, will shift its focus to transporting cargo instead, according to multiple media reports. Virgin Hyperloop laid off 111 employees, or about half of
Not long after the police department in the town of Nitro, W.Va., added a Tesla Model 3 to its fleet of 22 patrol cars last summer, the cruiser was involved in a 20-minute pursuit that reached speeds over 100 mph. The incident gave the city’s police officials a real-world look at how the department’s first
Airstream began working on its concept eStream all-electric trailer only about a year ago along with its parent Thor Industries, but the maker of iconic luxury recreational vehicles plans to field its first EVs within a few years. Of course, Airstream trailers are towed behind other vehicles, not self-propelled like a travel coach. But the