Walmart to test self-driving cars in multiple cities with Ford and Argo AI

Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Walmart is expanding its self-driving vehicle program to include Ford Motor and Argo AI, an autonomous car start-up backed by the automaker. The companies said Wednesday that the collaboration will use Ford Escape hybrids with … Read more

China’s EV sector is poised for ‘inevitable’ consolidation, says Bain consultant

The electric vehicle sector is seeing its “most exciting moment” now — and consolidation in the sector cannot be avoided, says Bain & Company’s Helen Liu. “I would say that consolidation is an inevitable trend in this industry,” Liu, partner at the consultancy firm, told CNBC’s “Capital Connection” on Tuesday. She cited reasons such as … Read more

US auto safety regulator asks 12 automakers for assistance in Tesla probe

The U.S. auto safety regulator said Tuesday it has asked 12 major automakers for assistance as part of its probe into crashes involving Tesla vehicles striking emergency vehicles while using advanced driver assistance systems like Autopilot. The National Highway Traffic Safety Administration (NHTSA) sent letters to General Motors Co, Toyota Motor Corp , Ford Motor … Read more

Electric vehicles and more: UBS picks the green tech stocks set to outperform

UBS named its “best investment ideas” across U.S. and global green technology stocks, including electric vehicle, battery and renewable energy companies. Source link

Electric cars own the future. But here are 4 traditional automakers that could be winners

Attendees of the Chicago Auto Show on July 15, 2021 get into a Ford Mustang Mach-E for a test ride in the electric crossover outside of the McCormick Place Convention Center. Michael Wayland / CNBC Electric vehicles are benefiting from the green energy boom, and investors have largely focused on Chinese pure EV players. But … Read more

Ford and Argo AI to launch self-driving cars with Lyft by the end of the year

An Argo-modified Ford autonomous vehicle parked in Manhattan on Friday, July 12, 2019. Paul Eisenstein | CNBC Ford will launch an autonomous vehicle fleet with Lyft and Argo AI by the end of the year, the companies announced Wednesday. Self-driving rides with safety drivers will begin this year in Miami. The companies said they plan … Read more

Bank of America: Billions are about to pour into EV infrastructure — and these stocks will benefit

Cavan Images | Getty Images Electric vehicle adoption is at an inflection point, according to Bank of America analysts who identified a new way to play the trend. An increasing need for EV charging technology is set to benefit a raft of global stocks, according to the bank, including semiconductor and Big Oil companies, as … Read more

Chinese companies sign up for Euro 2020 soccer sponsorships in a bid to go global

Football fans watch UEFA Euro 2020 Championship Group A match between Wales and Switzerland at a pub on June 12, 2021 in Shanghai, China. Chen Yuyu | Visual China Group | Getty Images BEIJING — After home appliance company Hisense became the first Chinese sponsor for the UEFA European soccer championship in 2016, three other … Read more

GM ups spending on EVs and autonomous vehicles by 30% to $35 billion by 2025 on higher profits

GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM DETROIT – General Motors said on Wednesday it will increase spending on electric and autonomous vehicles to $35 billion through 2025, a 30% increase from … Read more

Apple’s massive success with CarPlay paves the way for automotive ambitions

Apple’s Senior Vice President of Software Engineering Craig Federighi speaks about CarPlay on stage during Apple’s World Wide Developers Conference in San Jose, California on June 05, 2017. Josh Edelson | AFP | Getty Images In the early 2010s, automotive manufacturers and their suppliers were excited about building sophisticated apps for car dashboards that went … Read more