Ford to invest $4bn in AV business segment by 2023
Auto giant Ford intends to invest $4bn by 2023 to develop an autonomous vehicle (AV) business unit. The new subsidiary will be located mainly at its Corktown campus in Detroit. Called Ford Autonomous Vehicles, the business will host the company’s self-driving systems integration, AV research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams. A report by TechCrunch says the initiative includes a $1bn investment
July 31, 2018
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Auto giant 278 Ford intends to invest $4bn by 2023 to develop an autonomous vehicle (AV) business unit. The new subsidiary will be located mainly at its Corktown campus in Detroit.
Called Ford Autonomous Vehicles, the business will host the company’s self-driving systems integration, AV research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams.
A report by %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external TechCrunchTechCrunch linkfalsehttps://guce.oath.com/collectConsent?brandType=nonEu&.done=https%3A%2F%2Ftechcrunch.com%2F2018%2F07%2F24%2Fford-plans-to-spend-4-billion-on-autonomous-vehicles-by-2023%2F%3Fguccounter%3D1&sessionId=3_cc-session_51314c9f-1970-47f7-a547-41a553c7763c&lang=&inline=falsefalsefalse%> says the initiative includes a $1bn investment in Argo AI, Ford’s Pittsburgh-based partner for self-driving system development.
Jim Hackett, CEO of Ford, says: “Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead.”
Sherif Marakby, who leads the company’s AV and electrification division, has been appointed CEO of Ford Autonomous Vehicles.
Autonomous vehicles (AVs) are at the heart of a new exhibition at the London Science Museum.
Driverless: Who is in control? opens on 12 June and looks at “how close we are to living in a world driven by thinking machines”.
Continuing until October 2020, the show examines themes familiar to ITS professionals wrestling with the legal, ethical and logistical issues around the introduction of driverless cars to public roads. The museum says it will focus on “how much of this seemingly futuristic technolog
Uber intends to focus more on its electric scooter and bike business as it says individual modes of transport are better-suited to inner city travel. Dara Khosrowshahi, Uber’s CEO, believes users will make more frequent, shorter journeys in the future, the Financial Times reports. "During rush hour, it is very inefficient for a one-tonne hulk of metal to take one person ten blocks,” he says. Uber’s Jump electric bikes are now available in eight US cities such as San Francisco and Washington DC, and are
A self-driving bus trial in the Austrian capital Vienna has been halted after a collision between a vehicle and pedestrian, says Bloomberg.
Authorities are now investing the cause of the incident which led to minor injuries.
According to Bloomberg, state broadcaster ORF says the Navya vehicle was driving at 7.5 miles per hour when it hit the 30-year-old woman in the knee.
In a statement given to The Verge, Navya said witnesses had seen the pedestrian wearing headphones and looking at a mobile phon
An autonomous car operated by Uber has killed a pedestrian in what is believed to be the first death of its kind, in a report by The Independent. The vehicle, according to Tempe Police, was driving in autonomous mode as part of the company’s North America tests that included an operator behind the wheel that was not in control at the time of the incident. Uber Technologies has suspended all of its driverless car tests in Phoenix and Arizona as well as Pittsburgh, San Francisco and Toronto.