Magna International
Magna enters the micromobility and battery swapping market
Magna International, a Canadian mobility technology company that builds sensor-based systems for cars like driver monitoring systems and advanced driver assistance systems (ADAS), is entering the micr
Qualcomm acquires Veoneer for $4.5 billion, canceling its agreement with Magna
Qualcomm scored the purchase of Swedish automotive tech company Veoneer, nudging out Magna International with a higher bid. Qualcomm and investment group SSW Partners said Monday they would acquire Ve
Qualcomm wants to buy Veoneer for $4.6B, beating Magna’s offer
The $3.8 billion sale of Swedish automotive tech company Veoneer to Magna International hit a roadblock Thursday after chipmaker Qualcomm submitted a bid for the company for $800 million more. Qualcom
Flip raises $4M to pounce on the growing sector of employee messaging
We’re all familiar with text messaging groups for multi-person coordination. I’ve lost count of how many WhatsApp, Telegram and Facebook messenger groups I’m on! Other apps like Threema have sta
Lidar and perception startup Innoviz raises $132 million
Innoviz, the Israel-based startup developing solid-state lidar sensors and perception software for autonomous vehicles, has raised $132 million in a Series C funding round that includes major Chinese
Israeli autonomous technology developer Innoviz is entering China’s car market
Innoviz, a developer of light-detection and ranging technologies for computer vision and autonomous vehicles, is getting a toehold in China, the world’s fastest growing auto market, through a pa
BMW is working with LiDAR company Innoviz to make self-driving cars
BMW has already made clear its intent to launch self-driving cars by 2021. Now, the automaker has decided on solid-state LiDAR (Light Detection and Ranging) sensors and computer vision tech from start
Lyft is building a self-driving platform with auto supplier Magna
Lyft is partnering with Magna, one of the largest tier-one automotive industry suppliers in the world, on autonomous vehicle technology. Lyft CEO and co-founder Logan Green explained that this will h
U.S.-Canada border crossing planned for upcoming driverless car test
The U.S.-Canadian border is a busy one, and a likely frequent candidate for self-driving cars to tackle in a future where streets are laden with autonomous vehicles. That’s why a forthcoming cro