Self-driving vehicle startup Argo AI completes $2.6B deal with Volkswagen, expands to Europe

Volkswagen Group finalized Tuesday its $2.6 billion investment into Argo AI, the Pittsburgh-based self-driving car startup that came out of stealth in 2017 with $1 billion in backing from Ford. The deal turns Argo into a global company with two customers — VW and Ford — as well as operations in the U.S. and Europe […]

Audi launches high-tech car unit Artemis to fast-track a ‘pioneering’ EV to market

Audi has created a new business unit called Artemis to bring electric vehicles equipped with highly automated driving systems and other tech to market faster — the latest bid by the German automaker to become more agile and competitive. The traditional automotive industry, where the design to start of production cycle might take five to […]

SoftBank pours $500M into Didi in China’s biggest autonomous driving round

The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced this week an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Placing the bet — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese […]

GM is working on a hands-off advanced driving system for city streets

GM has a “big team” working on an advanced version of its hands-free driving assistance system Super Cruise that will expand its capability beyond highways and apply it to city streets, the automaker’s vice president of global product development Doug Parks said Tuesday. GM is also continuing to improve its existing Super Cruise product, Parks […]