The private markets are notorious for their outdated (or non-existent) technology stacks. However, a new era of innovation may finally unwind years of risk-avoidant behavior that has slowed technology adoption across the...more
In June, Baidu, Inc., China’s largest search and internet-related service provider, and Ford Motor (China) Ltd. signed a Letter of Intent to expand their strategic partnership.
Aimed at “mobility ecosystem” development for...more
9/27/2018
/ Artificial Intelligence ,
Automotive Industry ,
China ,
Competition ,
Driverless Cars ,
Ford Motor ,
Global Market ,
Letters of Intent ,
Mergers ,
Partnerships ,
Transportation Industry
After weeks of speculation and rumors, the Ford Motor Company announced its purchase and plan to invest over $1 billion into the Michigan Central rail depot in Detroit’s historic Corktown neighborhood. Made public 115 years...more
In the competition amongst automobile manufacturers to knock autonomous driving out-of-the-park, Cadillac is next up to the plate. Recently – rolling-out its newest autonomous driving technology – General Motors (“GM”)...more
7/19/2018
/ Automation Systems ,
Automotive Industry ,
Car Accident ,
Connected Cars ,
Driverless Cars ,
General Motors ,
Motor Vehicles ,
Public Safety ,
Safety Standards ,
Tesla ,
Transportation Industry
Any industry pushing for more regulation is a rarity. But auto industry representatives are urging lawmakers to create more federal regulation for self-driving cars. The belief is that federal laws will provide more...more
Foley hosted Drive Forward: The Future of Telematics on January 14 and undoubtedly, our speakers agreed – the connected car is here to stay with technology rapidly advancing towards the integration of autonomous vehicles....more
The U.S. Department of Energy is overhauling a $16 billion low-interest financing program to fund new technologies such as efficient engines, lightweight materials, and low-friction tires. This program, titled the Advanced...more
When Fiat announced its $4.35 billion deal to gain full control of Chrysler Group LLC, market approval came quickly as Fiat’s shares spiked to over 2 year highs. The deal, which recently closed, is viewed as an effort by Fiat...more