Autonomous

Automated driving technology company Plus has been ramping up on-road testing of autonomous heavy-duty trucks in the United States and Europe in cooperation with Traton Group’s commercial truck brands.   

The crowded field of developers in the autonomous truck space has winnowed during the past year. Those that remain continue to lay the foundation for large-scale industry adoption. 

Autonomous trucking, once regarded as the stuff of science fiction, is gradually moving closer to viability in real-world freight operations after years of investment, development and on-road testing.

The company is shutting down its European operations simultaneously, and existing employees in Europe will have to reapply for new jobs.

TuSimple co-founder and former CEO Xiaodi Hou, who claims to be the company’s largest shareholder, is also seeking judicial aid in an increasingly bitter spat with former colleague Mo Chen.

With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.

Tesla Inc.’s post-election stock surge has more to do with market exuberance than actual improvement in the fundamentals of its business, UBS Group AG analysts cautioned in a report.

Uber Technologies plans to invest in Pony AI’s U.S. initial public offering, which is expected to be priced next week after being upsized by the autonomous driving firm.

John Elliott of Load One demonstrates how onboard video combined with AI-enabled analytics can transform fleet safety.

The start of commercial operations for factory-built autonomous Class 8 tractors by Volvo Autonomous Solutions and Aurora Innovation is due in a matter of days.