Tag: Autonomous Vehicle
TomTom Posts Operating Loss as Auto Sales Slow
Citing slow car sales in Europe and North America, TomTom reported a wider-than-expected loss in the first quarter.
"In the first quarter of 2024, revenue was comparable to...
Tesla to Launch Robotaxi This Summer
Elon Musk has announced that Tesla will roll out its own robotaxi this summer. In an X post, the entrepreneur said he would unveil the car on Aug. 8.
Musk...
Honeywell To Acquire Civitanavi Systems for $216 Million
Saying it plans to strengthen its autonomous operations and expand its European footprint, Honeywell HON 0.07%↑ this week announced its intention to acquire Italy-based Civitanavi Systems for about $216 million. ...
Companies Make Digital Twin Technology Transactions
Several companies this week have touted transactions that include digital twin development. One company, Woolpert, has acquired Ireland-based Murphy Geospatial, which provides survey, mobile and indoor mapping,...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
💲 Porsche, Lamborghini, and Bentley To Use Mobileye's Autonomous Tech. “The second largest car manufacturer in the world (after Toyota) will acquire partial and...
Companies Launch Products for Mobility Markets
Swift Navigation and Telit Cinterion have launched a joint product that integrates Swift’s Skylark Precise Positioning Service with Telit Cinterion’s GNSS modules. Use cases include wearables, robotic lawn mowers...
Mike Sheldrick: Journalist and Telematics Industry Veteran
Industry veteran Michael Sheldrick passed away last week. Sheldrick, 82, who worked not only as a journalist for Business Week, Fleet Management Weekly and other publications, was a...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
☹ Mobileye to Close Aftermarket Unit, Lay Off 130. “Israeli advanced driving assistance systems (ADAS) company Mobileye Global MBLY 2.55%↑ has announced that it is closing...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
💰 Applied Intuition Lands $6B Valuation for AI-Powered Autonomous Vehicle Software. “The eye-popping funding round is the latest example of investor fervor for...
Weekly Connected and Autonomous Vehicle News
Connected and Autonomous Vehicles:
😕 Robotaxis by GM's Cruise Are Getting Ready To Hit the Streets Again. “As per a report by Bloomberg, the driverless taxi company is in...
