The automotive industry has seen some major changes in recent years, and with the emergence of ride-sharing services like Uber and Lyft, car manufacturers are exploring new ways to stay relevant. From Volvo partnering with Uber to Toyota’s investment in Bloomberg, it’s clear that the industry is adapting to a rapidly changing landscape. In this blog post, we’ll explore how these big automakers are responding to the changing market and what this could mean for the future of the automotive industry. We’ll take a look at Volvo’s partnership with Uber, Toyota’s investment in Bloomberg, Aurora’s driverless car technology and Broadway Motors’ electric vehicles. Read on to learn more about these innovative companies and what their strategies mean for the auto industry!
Aurora partners with Volvo to develop self-driving cars
Aurora, a self-driving technology startup, has partnered with Volvo to develop autonomous vehicles. The two companies will work together to create a production-ready self-driving car that can be manufactured at scale.
This is a major partnership for Aurora, as Volvo is a leading automaker with a strong reputation for safety. The partnership will give Aurora access to Volvo’s engineering and manufacturing expertise, as well as its global sales and distribution network.
The goal of the partnership is to develop a safe and reliable self-driving car that can be mass-produced. The two companies are already working on pilot projects in Sweden and the United States.
This partnership is another example of the growing trend of traditional automakers partnering with tech companies to develop autonomous vehicles. Other notable partnerships include Toyota and Uber, as well as BMW and Intel.
Uber partners with Toyota to develop self-driving cars
In an effort to speed up the development of self-driving cars, Uber has partnered with Toyota. The two companies will work together to develop autonomous vehicles that can be used on Uber’s ride-hailing network.
This is not the first time Uber has partnered with a major automaker. The company has already teamed up with Volvo and Daimler to develop self-driving cars. However, this partnership with Toyota is significant because it gives Uber access to Toyota’s vast resources and expertise in robotics and artificial intelligence.
The goal of the partnership is to have self-driving cars on the road as soon as possible. But the timeline is still unclear. It’s also unclear how much each company is investing in the joint venture.
Despite the many challenges, both Uber and Toyota are confident that they can develop self-driving cars that will revolutionize transportation. With this new partnership, they are one step closer to making that goal a reality.
Ford to invest $1 billion in Argo AI for self-driving cars
Ford Motor Company will invest $1 billion in Argo AI, a Pittsburgh-based startup that is developing self-driving cars. The investment will give Ford a majority stake in the company and make it Argo’s lead investor.
The move is part of Ford’s plan to have a fully autonomous vehicle on the market by 2021. The company has been testing self-driving cars for several years and has been working with Argo AI since 2017.
Argo AI was founded by three former members of Google’s self-driving car team: CEO Bryan Salesky, President Pete Rander, and Chief Technology Officer Drew Bagnell. The company has raised more than $100 million from investors including Ford, Volkswagen Group, and Chinese internet giant Baidu.
BMW, Daimler, Fiat Chrysler join forces on self-driving cars
The three automakers have signed a deal to develop self-driving cars, according to a report from Bloomberg. The companies will work together on technology that will eventually be used in autonomous vehicles.
This is a major partnership between some of the world’s leading automakers. BMW, Daimler, and Fiat Chrysler have all committed to developing self-driving cars. The technology they develop could eventually be used by other companies as well.
The partnership is a response to the threat posed by tech companies like Google and Uber, who are also working on self-driving car technology. By teaming up, the three automakers hope to stay ahead of the curve.
The agreement is still in its early stages, and it’s not yet clear what form the partnership will take. But it could involve sharing resources and expertise between the companies.
This is a significant development in the race to develop self-driving cars. It remains to be seen how successful the partnership will be, but it’s sure to have a major impact on the future of transportation.
VW invests $2.6 billion in Argo AI for self-driving cars
In June 2019, Volkswagen AG announced it would invest $2.6 billion in Argo AI, a Pittsburgh-based startup that is developing self-driving car technology. The investment is part of VW’s strategy to become a leading player in the autonomous vehicle space.
Argo AI was founded in 2016 by former Google and Uber employees who have expertise in artificial intelligence and robotics. The company has been working on self-driving technology for both passenger cars and commercial vehicles.
VW’s investment will give it a minority stake in Argo AI, and the two companies will collaborate on developing self-driving technology for VW’s passenger cars. The goal is to have autonomous VW cars on the road by 2025.
This is a significant investment for VW, and it underscores the company’s commitment to becoming a major player in the autonomous vehicle space. With its deep pockets and expertise in engineering, VW is well-positioned to make progress in this cutting-edge area of transportation.
Hyundai, Kia invest in Aurora for self-driving cars
Hyundai and Kia have invested in Aurora, a self-driving car startup, to develop autonomous vehicles. The two companies will work with Aurora to create a self-driving platform that can be used by Hyundai and Kia vehicles.
This is a major investment for Hyundai and Kia, as they look to catch up to other automakers in the race to develop self-driving cars. Aurora has partnerships with several major automakers, including Volkswagen, Audi, and Fiat Chrysler.
With this investment, Hyundai and Kia are hoping to gain access to Aurora’s technology and expertise in order to speed up their own development of autonomous vehicles. It remains to be seen how successful this partnership will be, but it is a clear sign that Hyundai and Kia are serious about developing self-driving cars.
SoftBank Vision
SoftBank Vision
In November of 2017, SoftBank made a historic investment in Aurora, a self-driving technology startup. This was part of the Japanese conglomerate’s larger $100 billion Vision Fund. The fund has also poured money into companies like Uber, Toyota, and Bloomberg.
The investment in Aurora was seen as a vote of confidence in the young company’s technology. At the time, Aurora had only been working on self-driving cars for about two years. But in that short time, they had already made significant progress.
Aurora is now working with major auto manufacturers like Volkswagen and Hyundai to bring their self-driving technology to market. With SoftBank’s backing, they are well on their way to changing the way we get around.
