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Hyundai Motor Group to invest $35 billion in future automotive tech

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Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates its attempts to catch up in the self-driving car race. The plan, which Hyundai said encompassed autonomous, connected and electric vehicles, comes after the company…

Volvo unveils its first electric car, the XC40 Recharge

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Volvo Cars introduced Wednesday the XC40 Recharge, its first electric car under a new EV-focused brand that kicks off a company-wide shift toward electrification. “It’s a car of firsts and it’s a car of the future,” CTO Henrik Green said. The Volvo XC40 Recharge is the first electric vehicle in the automaker’s portfolio. It’s also…

Microsoft launches new open-source projects around Kubernetes and microservices

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GUANGZHOU, GUANGDONG, CHINA – 2019/10/03: American multinational technology company, Microsoft logo seen in Guangzhou. (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images) Microsoft today announced two new open-source projects: Dapr, a portable, event-driven runtime that takes some of the complexity out of building microservices, and the Open Application Model (OAM), a specification that allows developers…

WeWork Said to Weigh Bailout That Hands Control to SoftBank

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WeWork is considering a bailout that will hand control of the co-working giant to SoftBank Group Corp., according to a person familiar with the matter, one of two main options to rescue the once high-flying startup. The Japanese investment powerhouse controlled by billionaire Masayoshi Son is convinced it can turn around the cash-strapped American company…

Toyota unveils revamped hydrogen sedan to take on Tesla

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Toyota Motor Corp unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream. Japan’s biggest automaker has been developing fuel-cell vehicles for more than two decades, but the technology has been eclipsed by the rapid rise of rival…

New Consortium to Develop a Common Computing Platform for Autonomous Vehicles

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A group of leading automotive and technology industry companies including Arm, Bosch, Continental, DENSO, General Motors, NVIDIA, NXP Semiconductors and Toyota have joined forces to help accelerate the delivery of safer and affordable autonomous vehicles at scale. Autonomous Vehicle Computing Consortium (AVCC) commits to making fully self-driving vehicles a reality through industry-level collaboration. The AVCC…

Fujitsu develops IoT device for more efficient measurements in apparel Industry

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Fujitsu has developed aa new IoT measuring device for the apparel industry. Fujitsu said in a statement that the new device promises to dramatically improve the efficiency of apparel sizing and measurements. The company said it will additionally offer a companion app for recording information about measurements taken with the device. The measurement data generated…

Honda to cease diesel vehicle sales in Europe by 2021

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Honda Motor Co Ltd said on Monday it would phase out all diesel cars by 2021 in favor of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025. By next year, according to European Union emission targets, CO2 must be cut to 95 gram per…

Hyundai Motor Group, Aptiv to set up $4 billion self-driving car venture

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Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv , the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market. Global carmakers and their suppliers are forging alliances to develop autonomous car technologies partly due to the…

Global renewables investment to triple this decade: U.N.

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Global investment in new capacity for renewable energy is on course to reach $2.6 trillion by the end of this decade, more than triple the amount of the previous decade, a report commissioned by the U.N. Environment Program says. The figure excludes large hydropower projects and is equivalent to 1.2 terawatts (TW) of new renewable…