Porsche SE has acquired a stake in a traffic-tracking startup

Porsche SE has acquired a stake in a traffic-tracking startup

Porsche Automobil Holding SE, the investment company which owns a majority stake in Volkswagen, announced on Friday that it has acquired a 10% stake in Inrix, a Washington-based company that specializes in analyzing crowd-sourced traffic information. The $55 million deal is the German company’s first investment after its plan to acquire Volkswagen backfired and resulted in the departure of its former management. This is the company’s first move to expand its assets beyond just a controlling stake in … [Read More...]

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Toyota has launched a pilot program for its new i-Road car-sharing system

Toyota has launched a pilot program for its new i-Road car-sharing system

Strange-looking, miniscule smartcars are nothing new, there are plenty of them on the road, especially in cities that are older or more crowded, where there is much less space to move around. However, Toyota has launched something that actually makes good use of its small, three-wheeled i-Road vehicles: a new car-sharing services that is integrates [...]

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Detroit has the most expensive auto insurance in the US by far

Detroit has the most expensive auto insurance in the US by far

Detroit is known across the globe as the capital of the automotive industry in the United States, but what people may not know, and what the Motor City probably doesn’t want you to know, is that Detroit also has the most expensive auto insurance in the nation as well, by far. According to insuranceQuotes.com, a [...]

Tesla cars will be semi-autonomous in three years

Tesla cars will be semi-autonomous in three years

Elon Musk, the Chairman and CEO of Tesla Motors, has made it clear that self-driving cars aren’t one of the automaker’s top priorities. Rather, the electric car manufacturer wants to focus on cars with semi-autonomous auto-pilot systems that assist drivers and allow them to cede control for short amounts of time. Speaking with Nikkei in [...]

Montezemolo has stepped down as the chairman of Ferrari

Montezemolo has stepped down as the chairman of Ferrari

Luca Cordero di Montezemolo is stepping down from his position as the chairman Ferrari after having been with the Italian luxury sports car maker for over twenty-three years. Montezemolo will be succeeded by the boss of Ferrari’s parent group Fiat after the two men clashed over strategy and the Formula One team’s poor results. “Ferrari [...]

Local Motors is building a vehicle using a 3D printer

Local Motors is building a vehicle using a 3D printer

3D printing is widely regarded as one of the most promising emerging technologies in the world right now, especially for manufacturing. The technology has already been used to produce small scale items such as various components, household items, and toys. However, a small Arizona-based company by the name of Local Motors is trying to apply [...]

GM is putting an end to distracted driving with “Seeing Machines”

GM is putting an end to distracted driving with “Seeing Machines”

People becoming distracted while they’re driving causes countless deaths and injuries every year, and until such a time as new cars start coming equipped with automation technology, something that Google has gained a lot of attention for developing, distracted driving will remain a problem that’s in desperate need of a solution. While we wait for [...]

Tesla chooses Reno as the site of its “gigafactory”

Tesla chooses Reno as the site of its “gigafactory”

Tesla Motors and the Nevada governor’s office are planning “a major economic development announcement” in Carson City, Nevada later today. This strongly suggests that the company has chosen Reno, Nevada as the site for its planned “gigafactory”. “Out of respect for the process in the state, we are not giving out any more details on [...]

General Motors has opened its fourth IT center near Phoenix

General Motors has opened its fourth IT center near Phoenix

General Motors announced on Friday that it has officially opened its fourth information technology innovation center in Chandler, Arizona. The location of the new IT center was announced back in March of last year, and construction of the center was completed in the Phoenix suburb in June. “We have made significant progress transforming GM IT [...]

Toyota is investing $100 million into its Indiana plant

Toyota is investing $100 million into its Indiana plant

Toyota Motors announced on Friday that it will be investing $100 million into its manufacturing plant near Princeton, Indiana in order to boost the production of the Japanese automaker’s Highlander SUV, a move which will add another 300 jobs to the plant by 2016. Officials for the company said that the Highlander’s sales have been [...]

GM is cutting production and halting expansion at its Russian plant

GM is cutting production and halting expansion at its Russian plant

General Motors announced on Thursday that it will be reducing production at its manufacturing plant near St. Petersburg, as well as reviewing the timing of the plant’s planned expansion, due to the continued slowdown of the Russian automotive market. The plant currently manufactures the American automaker’s Chevrolet Cruze, Opel Astra, and Chevrolet Trailblazer models. General [...]

Gesture controls will be included in the 2018 Mercedes S-Class

Gesture controls will be included in the 2018 Mercedes S-Class

The current-generation Mercedes-Benz S-Class has, without a doubt, set the standard for interior comfort and technology, boasting numerous features that more mainstream cars always try to mimic. However, the successor that Mercedes-Benz is working on, set to arrive sometime in 2018, is going to take things to a whole new level. Jan Kaul, the chief [...]