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Automotive – A N I T H
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Automotive

Auto1 Group, a young used-car marketplace serving Europe, is now worth $2.8 billion

[ad_1] Auto1 Group, a nearly five-year-old, Berlin-based used-car marketplace, just announced a huge round — €360 million ($404 million) in debt and equity financing that includes €75 million ($84.2 million) from Princeville Global, itself a Hong Kong-based investment firm with a second office in San Francisco. Why the...

[ad_1] Auto1 Group, a nea...

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Report: Ford’s CEO will be replaced with the head of its autonomous vehicle subsidiary

[ad_1] Ford Motors will replace CEO Mark Fields with the head of its subsidiary responsible for developing self-driving cars, reports the New York Times. Ford is expected to announce the appointment of Jim Hackett, the chairman of Ford Smart Mobility, as its new CEO on Monday. Founded last...

[ad_1] Ford Motors will r...

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Judge rules Uber can continue self-driving work but Levandowski barred from LiDAR

[ad_1] A judge has ruled in the matter of a preliminary injunction related to Uber’s use of autonomous tech, finding that Google employee and Otto founder Anthony Levandowski can no longer work on any projects that involve LiDAR technology. Uber, however, can continue its autonomous...

[ad_1] A judge has ruled ...

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