Thursday, 15 Nov 2018
Category: Ford

In recruiting win, GM’s Cruise employees offered equity in Cruise

In what will be seen as a big recruiting and retention win for Cruise, employees will be offered equity in GM’s self-driving technology subsidiary rather than shares of GM. The securities offering was disclosed in a recent SEC filing for GM Cruise Holdings LLC. The filing, which also lists the initial officers of GM Cruise […]

Ford plans to spend $4 billion on autonomous vehicles by 2023

Ford Motor plans to spend $4 billion through 2023 in a newly created LLC dedicated to building out an autonomous vehicles business. The automaker announced Tuesday it has created Ford Autonomous Vehicles LLC, which will house the company’s self-driving systems integration, autonomous-vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and […]

CarBlip’s car buying app raises $2 million

CarBlip, a new car-buying mobile application that’s aiming to compete with services like Wyper, has raised $2 million in a new round of financing. The investment was led by Nordic Eye Venture Capital with participation from the startup studio and seed investment firm, Science. CarBlip chief executive Brian Johnson said that the company’s main purpose was […]

Ford’s plan to turn Detroit’s oldest neighborhood into an electric, AV hub

Ford will spend the next four years transforming at least 1.2 million square feet of space in Corktown — Detroit’s oldest neighborhood — into a hub for its electric and autonomous vehicles businesses. But the automaker’s ultimate aim goes beyond just building a new campus. The goal is to create a “mobility corridor,” — Ford’s version of […]

Ford is betting big on Detroit

The Ford Motor Company now owns one of Detroit’s iconic buildings in the Michigan Central Station. The monumental building looms over Detroit’s oldest neighborhood. It’s long been a symbol of Detroit’s decay, and now it could become the symbol of Detroit’s revival, and Ford’s along with it. The building is set to become the anchor […]

Ford’s latest taxis use diesel and hybrid powertrains

The taxi of tomorrow might be dead but Ford today announced two new models that combine forward-looking technology with proven body styles. For the first time, Ford is offering a hybrid powertrain in a taxi model that is said to get a 40 mpg in the city. This news comes several weeks after Ford’s bombshell […]

Ford buys historic Detroit train depot to house advanced technology groups

Michigan Central Station long stood as a symbol of Detroit’s decline. Now, thanks to Ford, it could represent Detroit’s return. Today at a press conference in front of the Detroit icon, it was announced that Ford’s bid to purchase the train depot was accepted and the deal was done. The large building will be at […]

Ford tests autonomous on-demand delivery with Postmates

Ford is teaming up with startup Postmates to pilot test autonomous on-demand delivery in Miami and Miami Beach, Fla. The pilot program includes 70 businesses like Coyo Taco Ford is also testing vehicle designs with multiple lockers in order to be able to serve more than one customer per delivery route. Since Postmates handles anything […]

The well-funded startups driven to own the autonomous vehicle stack

At some point in the future, while riding along in a car, a kid may ask their parent about a distant time in the past when people used steering wheels and pedals to control an automobile. Of course, the full realization of the “auto” part of the word — in the form of fully autonomous […]