TuSimple to Use New Funds for System Development, Route Expansion
Startup autonomous truck company TuSimple announced commitments from investors for an additional $120 million. These funds are part of an extended Series D round that was oversubscribed and reached a total of $215 million.
September 17, 2019VW in $9 Billion Software Revamp as It Expands Tech Shift
Volkswagen AG is bundling its software operations with an investment plan of about 8 billion euro ($9 billion) over the next three to five years, another step in the electric- and connected-car shift that’s heralding massive change across the industry.
September 13, 2019China’s ‘Uber-for-Trucks’ Breaks Even En Route to IPO
China’s Uber-for-trucks startup Full Truck Alliance said it’s weighing an initial public offering after breaking even from May, defying a sectorwide downturn.
September 13, 2019Volvo Improves Braking, Detection With Updated Driver Assist System
DUBLIN, Va. — Volvo Trucks North America introduced an updated version of its driver assistance system that increases the speed from which the brakes can stop the truck without driver input, and which improves the system’s recognition of when the driver switches lanes to avoid a vehicle in its path.
September 12, 2019Michigan Gets $7.5 Million to Test Self-Driving Cars
WASHINGTON — The U.S. Department of Transportation is awarding a $7.5 million grant to the City of Detroit, the State of Michigan, the University of Michigan and the American Center for Mobility in Ypsilanti to boost research, development and testing of self-driving cars.
September 12, 2019Ohio Announces DOT Grant for Automated Driving Program
The U.S. Department of Transportation has awarded an Ohio-based team of industry, academic and community partners a $7.5 million grant to develop self-driving vehicles.
September 11, 2019Cities Need ‘Sophisticated Urban Freight Policies,’ Report Says
Officials aiming to facilitate the flow of freight amid advancements in autonomous vehicle technologies need policies designed to reduce the frequency of freight trips while enhancing safety, a new report by the National Association of City Transportation Officials concluded.
September 10, 2019UD Trucks Tests Level 4 Autonomous Driving in Japan
Japanese truck maker UD Trucks, a unit of Volvo Group, announced it showcased Level 4 autonomous driving together with the nation’s largest logistics firm and a 100-year-old agricultural cooperative — calling the technology an important tool to address the contracting work force.
September 10, 2019Daimler, Torc Begin Testing Self-Driving Trucks in Virginia
Daimler Trucks has begun testing highly automated heavy-duty trucks on Virginia highways in partnership with its subsidiary, Torc Robotics, the companies said.
September 9, 2019Plus.ai Enters Joint Venture With Chinese Truck Maker FAW Jiefang
Plus.ai, a startup providing self-driving technology, announced a joint venture to develop autonomous trucks with FAW Jiefang, China’s oldest and largest truck manufacturer.
September 6, 2019