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Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up by reading the first edition here or check out , which offered the gamut of mobility news from Lyft and Bird to Waymo’s laser bears and cybersecurity. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. An...
Tags: Transportation, Lyft, Uber, Washington, Softbank, Israel, Los Angeles, San Francisco, Tech, Tesla, Bloomberg, E-commerce, AV, Artificial Intelligence, Austin, Automotive


Ford to expand autonomous-car research in race to launch robo-taxi service

Ford is in a race with Waymo and GM Cruise to launch large-scale taxi and delivery services using autonomous vehicles. Already testing its technology in four U.S. cities, the automaker looks set to expand its program to a fifth. The post Ford to expand autonomous-car research in race to launch robo-taxi service appeared first on Digital Trends.
Tags: News, Cars, Trends, Ford, Self-driving Cars, Autonomous Cars, Driverless Cars, GM Cruise, Waymo


GM Cruise to double its autonomous-car team for robo-taxi goal

With its eye on the launch of a robo-taxi service before the end of the year, General Motors' Cruise Automation has said it plans to double the size of its autonomous-vehicle team over the next nine months. The post GM Cruise to double its autonomous-car team for robo-taxi goal appeared first on Digital Trends.
Tags: News, Cars, Trends, General Motors, Cruise, Gm, Self-driving Cars, Autonomous Cars, Cruise Automation, GM Cruise, General Motors Cruise Automation


Waymo is reportedly looking for outside investors (GOOGL)

Waymo, Alphabet's autonomous-driving division, is looking for outside investors, The Information reports. The company is reportedly targeting Volkswagen and other European automakers. Alphabet is seeking a valuation for Waymo much larger than $15 billion and is not likely to offer a stake equal to or greater than 20% to outside investors, The Information reports. Waymo and Volkswagen did not immediately respond to Business Insider's requests for comment. Waymo, Alphabet's autonomous-driving d...
Tags: Trends, General Motors, Information, Tesla, Ford, Arizona, Volkswagen, Honda, Argo, Lidar, Alphabet, Ruth Porat, GOOGL, GM Cruise, Waymo, Waymo Alphabet


GM Cruise snags Dropbox HR head to hire at least 1,000 engineers by end of year

GM Cruise plans to hire hundreds of employees over the next nine months, doubling its engineering staff, TechCrunch has learned. It’s an aggressive move by the autonomous vehicle technology company to double its size as it pushes to deploy a robotaxi service by the end of the year. Arden Hoffman, who helped scale Dropbox, will leave the file-sharing and storage company to head up human resources at Cruise. The GM subsidiary, which has more than 1,000 employees, is expanding its office space i...
Tags: Google, Transportation, Cloud Storage, Softbank, San Francisco, Tech, General Motors, Artificial Intelligence, Software, Cruise, Automotive, Computing, Gm, Dropbox, Autonomous Vehicles, Honda


GM Cruise snags Dropbox HR head to hire 1,000 engineers by the end of the year

GM Cruise plans to hire 1,000 more engineers over the next nine months, TechCrunch has learned. It’s an aggressive move by the autonomous vehicle technology company to double its size as it pushes to deploy a robotaxi service by the end of the year. Arden Hoffman, who helped scale Dropbox, will leave the file-sharing and storage company to head up human resources at Cruise. The GM subsidiary is expanding its office space in San Francisco to accommodate the growth. GM Cruise will keep its head...
Tags: Google, Transportation, Cloud Storage, Softbank, San Francisco, Tech, General Motors, Artificial Intelligence, Software, Cruise, Automotive, Computing, Gm, Dropbox, Autonomous Vehicles, Honda


Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt into the wonderful world of transportation and how we (and our packages) move. This week we chat with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, take note of an emerging trend in AV development, and check out an experiment with paving. Oh, and how could we forget Tesla. Never heard of TechCrunch’s Transp...
Tags: Google, Android, Transportation, Lyft, New York, China, India, Cars, Toronto, Tech, Tesla, Car, Austin, Netflix, Canada, Automotive


Transportation Weekly: Tesla astroturfs, Softbank flexes, BMW and Daimler hookup, What is a Jelbi?

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. This is the third edition of our tome, I mean newsletter, and this week let’s settle in for a mind meld on why logistics is the new Hansel, a curious Tesla subsidiary, and discover a new mobility species called the Jelbi. Never heard of TechCrunch’s Transportation Weekly? Catch up here and here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkoros...
Tags: Apple, Google, Amazon, Transportation, Asia, Elon Musk, Berlin, Softbank, Los Angeles, San Francisco, Tech, Tesla, Canada, Automotive, Geneva, Bmw


Waymo rules and Apple trails in California self-driving car benchmarks

California's DMV releases annual reports of self-driving car disengagements on public roads. In the most recent reports. Waymo had the best performance, GM Cruise came in second, and Apple's self-driving program was in last place. The post appeared first on Digital Trends.
Tags: Apple, News, California, Cars, Trends, DMV, Self-driving Cars, GM Cruise, Waymo


GM Falls Millions of Miles Short on Cruise Driving Projection

GM Cruise logged less than 450,000 miles all of last year in California, according to a report released Wednesday. The amount of mileage forecast by Kyle Vogt, who was Cruise’s chief executive officer at the time of the presentation 14 months ago, turned out to be unnecessary. The company decided to send newly built self-driving cars to San Francisco, where city driving is more difficult and testing was helping the cars learn faster, said Milin Mehta, a spokesman.
Tags: Science, California, San Francisco, Kyle Vogt, GM Cruise, Milin Mehta


GM Cruise Falls Short of Self-Driving Test Miles Projection

GM Cruise logged less than 450,000 miles all of last year in California, according to a report released Wednesday. While Cruise has self-driving Chevrolet Bolts on the road in other states, the bulk of its testing is done in California. The mileage prediction was made 14 months ago by Kyle Vogt, who was then Cruise’s chief executive officer.
Tags: Science, California, Cruise, Gm, Kyle Vogt, GM Cruise, Chevrolet Bolts


GM's CEO Mary Barra just shared some interesting insight into how the company's self-driving division is run (GM)

Wall Street has been concerned about GM's Cruise division struggling to launch commercially in 2019. GM CEO Mary Barra tried to ease those worries on the carmaker's Q4 earnings call. When asked about Cruise losing less than expected in 2018, Barra said that the division is benefitting from good management — and GM's CFO said that the company will spend a billion on Cruise in 2019. GM reported fourth-quarter and full-year 2018 earnings on Wednesday, beating analysts' estimates and sending shar...
Tags: Facebook, US, Trends, Cruise, Mary Barra, Gm, Chevy, Kyle, Barra, Dan Ammann, Goldman Sach, Kyle Vogt Cruise, GM Cruise, Dhivya Suryadevara, David Tamberrino


GM is transforming Cadillac into an electric brand

General Motors is turning Cadillac into its lead electric vehicle brand in a bid to compete against Tesla as well as a host of other automakers bringing EVs onto the market. Plans are already underway to introduce the first model from the company’s new battery electric vehicle architecture, GM said Friday during an investor meeting. GM said this new BEV architecture will be the foundation for an advanced family of “profitable EVs,” a  word choice  likely meant to express the automaker’s convi...
Tags: Electric Vehicle, Europe, Cars, Tech, General-motors, Tesla, Automotive, United States, Ford, Transport, Gm, Automotive Industry, Bolt, North America, Chevrolet, Nissan


Cruise Automation taps GM president Dan Ammann as its new CEO

Cruise Automation, the self-driving car subsidiary of GM, is getting a new CEO. The autonomous vehicle company, which was acquired by GM in 2016 and became subsidiary GM Cruise, has tapped Dan Ammann as CEO. Ammann will step down as GM’s president, a role he’s held since January 2014. Kyle Vogt, a Cruise co-founder who was CEO and also unofficially handled the chief technology officer position, is staying with the company. Vogt will now become president and CTO. The changes take effect Jan...
Tags: TC, Softbank, San Francisco, Tech, General-motors, Cruise, Automotive, Mary Barra, Gm, Automotive Industry, Honda, Seattle, Cto, Dan, Kyle, Dan Ammann


GM’s self-driving unit Cruise is expanding to Seattle

Cruise, the self-driving company acquired by GM in 2016, is expanding to Seattle as it seeks out more engineering talent to develop its technology. The company doesn’t have any plans right now to test its autonomous vehicles in the city. Instead, GM Cruise plans to set up offices in Seattle to attract and hire between 100 to 200 engineers by the end of 2019. “To continue growing a team that is diverse and rich in talent, we feel that it’s important to explore talent pools outside of the Bay Area...
Tags: Transportation, Softbank, San Francisco, Tech, Cruise, Automotive, Gm, Honda, Seattle, Self-driving Car, Bay Area, Kyle Vogt, California Department of Motor Vehicles, GM Cruise


GM and Honda are joining forces on self-driving cars with a $750 million Honda investment making GM Cruise worth $14.6 billion (GM)

GM will join Honda in developing a "purpose-built autonomous vehicle" for Cruise, GM's self-driving division. Honda says it will invest $2 billion over 12 years, with an additional $750 million invested in Cruise. Honda's equity investment raises Cruise's valuation to $14.6 billion. General Motors announced Wednesday that it has allied with Honda to pursue a shared self-driving future. Honda will invest $2 billion over 12 years in the collaboration with GM's Cruise autonomous division, with a...
Tags: Facebook, Softbank, New York City, Global, US, San Francisco, Trends, General Motors, Cruise, Mary Barra, Gm, Michigan, Chevy, Honda, Phoenix, Honda GM


Honda takes 5.7 percent stake in GM Cruise self-driving unit

Honda Motor Co Ltd will invest $2 billion and take a 5.7 percent stake in General Motors Co's Cruise self-driving vehicle unit, to jointly develop self-driving vehicles for deployment in ride services fleets around the world.
Tags: Money, businessNews, Honda, General Motors Co, Honda Motor Co Ltd, GM Cruise


Honda buys stake in GM Cruise self-driving unit, to invest $2 billion

Honda Motor Co Ltd will invest $2 billion and take a 5.7 percent stake in General Motors Co's Cruise self-driving vehicle unit, extending cooperation between the two automakers in a technology that has enormous costs and risk but no market-ready products.
Tags: Money, businessNews, Honda, General Motors Co, Honda Motor Co Ltd, GM Cruise


GM and Honda are joining forces on self-driving cars, with a $750-million Honda investment making GM Cruise worth $14.6 billion (GM)

GM will join with Honda to develop a "purpose-built autonomous vehicle" for Cruise, GM's self-driving division. Honda will invest $2 billion over 12 years, with an additional $750 million invested in Cruise. Honda's equity investment raises Cruise's valuation to $14.6 billion. General Motors announced Wednesday that it has allied with Honda to pursue a shared self-driving future. Honda will invest $2 billion over 12 years in the collaboration with GM's Cruise autonomous division, with an addi...
Tags: Facebook, Softbank, New York City, Global, US, San Francisco, Trends, General Motors, Cruise, Mary Barra, Gm, Michigan, Chevy, Honda, Phoenix, Honda GM


Honda commits $2.75 billion to build autonomous vehicles with GM’s Cruise

Honda will commit $2.75 billion as part of an agreement with GM and its self-driving technology subsidiary Cruise to develop and produce a new kind of autonomous vehicle. As part of the agreement, Honda will invest $2 billion over the next 12 years into the effort. Honda is also making an immediate and direct equity investment of $750 million into Cruise, which pushes the company’s valuation up to $14.6 billion. The milestone agreement follows the giant $2.25 billion investment made by Softbank’...
Tags: Travel, Google, Softbank, San Francisco, General-motors, Cruise, Automotive, Mary Barra, Gm, Self-driving Cars, Honda, Chevy Bolt, Autonomous Vehicle, Dan Ammann, Vogt, Kyle Vogt


Apple’s autonomous vehicle fleet swells 27% in four months

Apple keeps adding autonomous vehicles to its test fleet in California, boosting its ranks 27% since May, according to records from the California Department of Motor Vehicles. The company now has 70 autonomous vehicles permitted to test on public roads, Mac Reports first reported. The permits, which are issued by CA DMV, require a safety driver to be behind the wheel. Over the past 18 months, Apple has gone from just three autonomous vehicles to 27 by January, 55 by May, and now 70. GM Cruis...
Tags: Apple, Transportation, California, Tech, Automotive, Tim Cook, DMV, Silicon Valley, Delphi, California Department of Motor Vehicles, GM Cruise, Waymo, CA DMV


TechCrunch Disrupt SF 2018 dives deep into artificial intelligence and machine learning

As fields of research, machine learning and artificial intelligence both date back to the 50s. More than half a century later, the disciplines have graduated from the theoretical to practical, real world applications. We’ll have some of the top minds in both categories to discuss the latest advances and future of AI and ML on stage and Disrupt San Francisco in early September. For the first time, Disrupt SF will be held in San Francisco’s Moscone Center. It’s a huge space, which meant we could d...
Tags: Google, TC, Uber, Technology, Stanford, China, Softbank, New York City, San Francisco, Tech, General-motors, Mit, Artificial Intelligence, United States, New York Times, President


SoftBank Vision Fund To Invest Over 2 Billion In GM Cruise

The SoftBank Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC, a move aimed at strengthening the company’s plans to commercialize and scale autonomous vehicle technology. General Motors will also invest $1.1 billion in GM Cruise upon closing of the SoftBank Vision Fund transaction. “Our Cruise and GM teams together have made tremendous progress over the last two years,” explained GM Chairman and CEO Mary Barra. “Teaming up with SoftBank adds an additional strong partner as we purs...
Tags: Softbank, General Motors, Mary Barra, Gm, Autos, Department Of Transportation, Detroit Michigan, Dan Ammann, Ronen, Car News, Future Of Transportation, GM Cruise, Steve Fecht, SoftBank Vision Fund, Vision Fund, SoftBank Investment Advisers


Waymo just revealed plans to add 62,000 self-driving minivans to its fleet (FCAU, GOOG)

Fiat Chrysler Automobiles will supply Waymo with 62,000 Chrysler Pacifica minivans for Waymo's autonomous fleet, the two companies announced Thursday. Waymo could also provide FCA with a licensed self-driving system that could be installed in a future retail vehicle. FCA and Waymo made the announcement on the same day General Motors revealed a $3.35 billion investment in the carmaker's Cruise autonomous division from Japan's SoftBank and GM itself. On the same day General Motors and Japan's ...
Tags: Google, Japan, New York, Softbank, US, Trends, General Motors, Tesla, Ford, Fca, Gm, Chrysler, Fiat, Jaguar, Jaguar Land Rover, Marchionne


Waymo just revealed it's adding 62,000 self-driving minivans to its fleet (FCAU, GOOG)

FCA will supply Waymo with 62,000 Chrysler Pacifica minivans for Waymo's autonomous fleet. Waymo could also provide FCA with a licensed self-driving system that could be installed in a future retail vehicle. FCA and Waymo made the announcement Thursday — on the same day that GM revealed a total $3.35-billion investment in the carmaker's Cruise autonomous division from Japan's SoftBank and GM itself. On the same day that GM and Japan's SoftBank announced a massive $3.35-billion investment in ...
Tags: Google, Japan, New York, Softbank, US, Trends, Tesla, Ford, Fca, Gm, Chrysler, Fiat, Jaguar, Jaguar Land Rover, Fiat Chrysler, Marchionne


SoftBank investment in GM Cruise could speed self-driving cars

(Reuters) - In a landmark deal that could accelerate wide-scale deployment of self-driving cars, General Motors Co said on Thursday that Japan's SoftBank Group Corp will invest $2.25 billion in GM Cruise Holdings LLC, the carmaker's autonomous vehicle unit.
Tags: Japan, Money, Softbank, businessNews, Reuters, General Motors Co, SoftBank Group Corp, GM Cruise, GM Cruise Holdings LLC


SoftBank will invest $2.25 billion in GM's Cruise self-driving car division (GM)

SoftBank will invest $2.25 billion in General Motor's Cruise Division. GM will follow with a $1.1 billion investment. GM acquired Cruise Automation, a San Francisco startup, in 2016. Watch GM trade in real time here. On Thursday, General Motors announced a substantial new investment in its self-driving car division, Cruise, from Japan's SoftBank. "The SoftBank Vision Fund will invest $2.25 billion in GM Cruise ... further strengthening the company’s plans to commercialize AV technology at la...
Tags: Facebook, Japan, Softbank, US, San Francisco, Trends, General Motors, Porsche, Mary Barra, Gm, Cruise Automation, GM Cruise, SoftBank Vision Fund, General Motor s Cruise Division GM


SoftBank Vision Fund to invest $2.25 bln in GM Cruise

General Motors said May 31 that the SoftBank Vision Fund is investing $2.25 billion in GM Cruise Holdings LLC. GM will also put in another $1.1 billion in GM Cruise once the deal closes. GM Cruise is the carmaker’s autonomous vehicle technology, according to Reuters. PRESS RELEASE DETROIT, May 31, 2018 /PRNewswire/ — General Motors (NYSE: GM) announced today that the SoftBank Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC (GM Cruise), further strengthening the company’s plans t...
Tags: China, Softbank, Trends, General Motors, Mary Barra, Korea, Gm, Detroit, Reuters, Dan Ammann, PE Deals, General Motors NYSE, GM Cruise, GM Financial, SoftBank Vision Fund, Vision Fund


GM’s Cruise gets $2.25b from SoftBank’s Vision Fund, $1.1b from GM

General Motors today announced a large investment into its self-driving unit, Cruise. SoftBank’s Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC and when the deal closes, GM will invest an additional $1.1 billion. The investments are expected to inject enough capital into Cruise for the unit to reach commercialization at scale beginning in 2019. An important milestone on our journey to safely deploy self-driving cars at scale. Incredibly proud of what the @Cruise team has a...
Tags: Softbank, New York City, San Francisco, Tech, General Motors, Cruise, Automotive, Mary Barra, Gm, Dan Ammann, Kyle Vogt, GM Cruise, Chevy Bolts, Vision Fund, SoftBank s Vision Fund, GM Cruise Holdings LLC


Japan’s SoftBank to sink $2.25B into GM autonomous car unit

DETROIT (AP) — The Japanese technology conglomerate SoftBank will spend $2.25 billion for a nearly a 20 percent stake in General Motors’ autonomous vehicle unit. GM said Thursday that it will also sink another $1.1 billion into its GM Cruise automated division. The capital infusion is designed to speed large-scale deployment of self-driving robotaxis next […]
Tags: Business, Japan, News, Softbank, General Motors, Ap, Gm, Detroit, GM Cruise