News Commentary | September 23, 2019
In a move reflective of VW's recent $2.6 billion investment in Argo AI, Hyundai will contribute $1.4 billion in cash and $0.4 billion in resources (vehicle engineering, R&D, and IP) to Aptiv's existing autonomous vehicle (AV) platform. This is a significantly larger sum than it allegedly ... To read more, click here.
News Commentary | December 19, 2019
Back in August 2019, Grab announced that it would invest $2 billion in Indonesia toward developing a next‑generation transportation network. In its first move, Grab is partnering with Hyundai, Astra Honda Motor, and Gesits in launching 20 EVs and 10 e‑motorcycles. These 30 vehicles will be available... Not part of subscription
News Commentary | December 07, 2020
Uber is selling its autonomous vehicle (AV) unit and investing $400 million into AV company Aurora, giving Uber a 26% stake. Those who had invested in Uber ATG, such as Toyota, Denso, and SoftBank Vision Fund, will become minority shareholders. Unlike Uber, Aurora has placed a greater focus on ... To read more, click here.
by Christopher Robinson
Although both Ford and VW are among the top 20 R&D spenders globally, development of advanced mobility technologies is incredibly expensive. Ford and VW's latest announcement looks similar to other high-profile partnerships, such as GM and Honda or Daimler and BMW, although it is differentiated in that VW now holds an equal stake in Argo to Ford's. Clients should expect these partnerships to continue forming and recognize that FCA is the most likely candidate to make headlines next. After a failed proposed merger with Renault, the company holds no partnerships with other OEMs on developing autonomous or electric vehicles.
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