DETROIT - Toyota Motor Corp will acquire Lyft Inc's self-driving technology unit for $550 million, the companies said Tuesday, as the Japanese auto company steps up its automation ambitions with the newly created Woven Planet division. The acquisition of Level 5 automation will also provide Toyota access to the U.S. ride-hailing firm's more than 300
GRAND RAPIDS — The autonomous shuttle that runs through downtown could transition to an on-demand format with new vehicles under a proposal before city officials to renew the pilot program that’s set to expire on April 30. The Autonomous Vehicle Initiative led by Mobile GR, Ann Arbor-based May Mobility Inc. and various private sponsors started in July 2019.
JACKSON—Officials at the Jackson-based electric and gas utility Consumers Energy said the company would celebrate Earth Week by announcing it has now built the backbone for its growing fast charging network for electric vehicles across Michigan. Charging stations that allow emissions-free EVs to power up quickly are in place in 24 locations, reaching 250 miles
DETROIT - Brian Moody, Executive Editor for Autotrader, joins Yahoo Finance’s Kristin Myers to break down Autotrader’s top electric vehicle selections for 2021. KRISTIN MYERS: Welcome back. Well, it seems like there's more electric vehicles to pick from than ever before. So let's go through some of the top picks from Autotrader. We're joined now by
PLYMOUTH —The Specialty Equipment Market Association (SEMA) announced the purchase of a 45,000-square-foot building in Plymouth to be used as a second SEMA Garage, where manufacturers will have access to advanced product-development tools and equipment, an emissions testing lab, an Advanced Driver Assistance Systems (ADAS) research and development center, and expert technicians who will help
DETROIT - We're only starting to get to grips with the benefits of artificial intelligence in modern vehicles now. Recently, Hyundai announced new AI-based voice recognition technology for the 2021 Elantra that can learn the driver's habits, improving interaction with the system. Chrysler and Jeep vehicles are set to use a similar system called Alexa Custom Assistant. But AI's benefits
SOUTHFIELD—The National Defense Industrial Association (NDIA) Michigan Chapter has become a sponsor of Lawrence Technological University’s team in a global competition for autonomous vehicles in which LTU is three-time defending global champion. “In our efforts to both promote STEM (Science , Technology, Engineering and Mathematics) education and connect the defense industry with academia, we were
LIVONIA—Guelph, Ontario-based Linamar Corp., announced that it has entered the evaluation phase for its fuel cell electric delivery vans under a technology contract with the Center for Transportation and the Environment, partnering with Livonia-based Roush CleanTech and Burnaby, British Columbia-based Ballard Power Systems Inc. to provide delivery vans to UPS for a service demonstration in
TOYOTA CITY, Japan – This week, Lexus held the world premiere of “LF-Z Electrified,” conceptual BEV that incorporates driving performance, styling, and technologies. By 2025, Lexus plans to introduce 20 new or improved models, including more than 10 electrified models such as BEVs, plug-in hybrid electric vehicles(PHEVs), HEVs, in line with the needs of each
DETROIT – Hercules Electric Vehicles is opening a $20 million Series A investment round managed by CMD Global Partners, a boutique investment bank. James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other exciting electric mobility products.
