Toyota Ventures Raises Another $300 Million to Expand Early-Stage Investments in Frontier Technology and Climate Solutions

Toyota Ventures, the early-stage venture capital arm of Toyota, announced two %24150 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation. The addition of the new......

Tesla Cyberbeast Sets New Auction Record, Sells for $262,500

Teslas latest marvel, the Cyberbeast, made its auction debut in an online event, exclusively through Sothebys Motorsport (SOMO). The auction, open for bidding through 9 April 2024, presented a unique opportunity for collectors and enthusiasts to......

Hyundai Motor and Kia's DAL-e Delivery Robot Arrives, Ready to Revolutionize Indoor Autonomous Delivery Services

Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia) today unveiled the new design of their DAL-e Delivery robot with images and a video clip (URL). This robot, based on the delivery robot introduced in December 2022, is expected to improve......

Hyundai IONIQ 5 Robotaxi Passes Driver's License Test to Demonstrate 'Uncompromised Safety'

Hyundai Motor Company has released a campaign film showing the all-electric, self-driving IONIQ 5 robotaxi successfully completing a process similar to a U.S. drivers license test. Created to convey the safety and trustworthiness of the IONIQ......

Sumitomo's intelligent new sensor detects loose wheel nuts to reduce the risk of run away wheel accidents

Sumitomo Rubber Industries (SRI), the maker of Falken Tyres, continues to develop its SENSING CORE intelligent tyre technology with a new wheel detachment function set to reach production vehicles for the first time this year. SENSING CORE is a flexible,......

Nissan launches The Arc business plan to drive value and enhance competitiveness and profitability

Nissan Motor Co., Ltd, today launched The Arc, its new business plan to drive value and strengthen competitiveness. The plan is focused on a broad-based product offensive, increased electrification, new approaches to engineering and manufacturing,......

Strong today, strong tomorrow: BMW Group maintains course for successful future, building on strong 2023

I Strong products, strong demand, strong results Following a successful 2023, in which the Automotive Segment reported its highest-ever operating result, the BMW Group aims to continue on its profitable growth course in the current financial......

Volkswagen ADMT announces agreement with Mobileye for autonomous driving

Autonomous driving is coming. Following an extensive road testing pilot phase in Germany and the USA, Volkswagen ADMT GmbH, a Volkswagen AG organization, is announcing a cooperation agreement with the Israeli technology company Mobileye Global Inc.......

Volkswagen Commercial Vehicles increases sales revenue, profit and return in 2023 and will launch model offensive in 2024

Volkswagen Commercial Vehicles (VWCV) significantly increased its annual profit for the third consecutive year, achieving a record value of 873 million euros (previous year 529 million euros). Year-on-year sales revenue increased by more than 30......

Automated driving: Volkswagen Group intensifies collaboration with Mobileye

The Volkswagen Group is welcoming further strategic collaboration and significantly accelerating its development efforts in the field of automated and autonomous driving. Now, Volkswagen is intensifying its partnership with Mobileye in the domain......