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Business

BMW raises R&D spending for electric, autonomous cars

MUNICH: German carmaker BMW will increase research and development (R&D) spending to an all-time high of up to 7 billion euros ($8.6 billion) this year as part of efforts to bring 25 electrified models to market by 2025.

Business

Autonomous cars need tougher batteries, says expert

TOKYO: Battery makers must rethink their technology if predictions for a wave of self-driving vehicles pan out, according to one of the inventors of the lithium-ion battery.

Business

Honda self-driving cars to hit city streets by 2025

HAGA (Japan): Japanese carmaker Honda Motor Co spelled out for the first time its plans to develop autonomous cars which can drive on city streets by 2025, building on its strategy to take on rivals in the auto market of the future.

Business

Uber CEO touts ‘great’ Toyota talks on autonomous cars

TOKYO: Dara Khosrowshahi, on his first trip to Asia as chief executive officer of Uber Technologies Inc, spent some quality time with his counterpart at the world’s largest carmaker.

Business

Volkswagen nears self-driving deal with Ford

Frankfurt: Volkswagen AG ended a self-driving technology partnership with Silicon Valley startup Aurora Innovation Inc as it draws closer to a broader collaboration on autonomous cars with Ford Motor Co.

Business

Honda to focus on self-driving cars, robotics and EVs through 2030

HAGA, Japan: Japanese carmaker Honda Motor Co on Thursday spelled out for the first time its plans to develop autonomous cars which can drive on city streets by 2025, building on its strategy to take on rivals in the auto market of the future.

Business

Baidu plugs ‘Apollo 2.0’ self-driving platform in Vegas

BEIJING: Baidu Inc unveiled a souped-up version of its open self-driving platform, declaring rapid progress with partners from Microsoft Corp to TomTom NV in developing autonomous cars for China and beyond.

Business

Coastal tech hubs reign but smaller US cities offer edge

NEW YORK: The San Francisco Bay Area and Boston are likely at the top of the list of US regions to work for tech job seekers. But for techies interested in building the next generation of autonomous cars or supersonic jets, smaller cities may offer better opportunities.

Business

Who needs a licence? Self-driving cars coming our way

DETROIT: It's been more than half a century since some of the first concept cars boasting self-driving features were presented to the world and they're still not on the roads. But many auto executives say the industry is on the cusp of welcoming vehicles that make the idea of keeping both hands on the wheel an anachronism.