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.
Chinese ride-sharing company Didi Chuxing has blamed its own ‘vanity’ for lapses in safety which led to the rape and killing of a 20-year-old female passenger. The firm issued a public apology for the incident which took place on 28 August and says it will now prioritise safety over growth. In an emailed statement, Didi founder Cheng Wei and president Jean Liu say: "We see clearly this is because our vanity overtook our original belief. We raced non-stop, riding on the force of breathless expansion and
Authorities will have to introduce strict regulations to ensure the safe introduction of autonomous vehicles (AVs) on public roads, according to a white paper published by Utrecht-based company 2getthere.
Called Safety in Autonomous Transit, the report states that authorities should set more firm conditions on road safety, reliability and availability of these vehicles and also for the spatial planning of public areas where AVs operate.
2getthere highlights that governments will have to set tighter
The US Institute of Transportation Engineers (ITE) and National Parking Association have agreed to work together on updating their respective Parking Generation Manual and Shared Parking tools, last revised in 2010 and 2009. Fresh analyses in the former will differentiate levels of demand in rural, general urban/suburban, dense multi-use urban and core city centre locations, said ITE CEO Jeffrey F Paniati
Bristol City Council will install 120 electric vehicle (EV) charge points and convert part of its fleet to electric in a bid to become carbon neutral by 2050. The UK council also intends to transition at least 10% of its vehicles to electric by 2021.
The scheme will take place across the West of England and is being funded by £2m grant provided by the Office of Low Emission Vehicles (OLEV) through the Go Ultra Low West project.
Go Ultra Low West’s stated aim is to provide the infrastructure and enviro