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Auto 17 Sep 2018 | 12:00 AM Premium

BMW drives to cut battery costs on autonomous vehicles

NEW YORK: German luxury vehicle maker BMW AG plans more deals with mining companies to secure electric vehicle battery materials, and is open to forming alliances to share the costs of developing autonomous-vehicle systems, the automaker’s research and development chief told Reuters.

Auto 21 Sep 2017 | 7:30 AM Premium

China’s Baidu launches US$1.5b autonomous driving fund

BEIJING: Chinese search engine Baidu Inc announced a 10 billion yuan (US$1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with US rivals.

Economy 28 Aug 2017 | 12:00 AM Premium

Fully-connected autonomous vehicles may be your future mode of travel

A recent United Nations study predicted that the world’s population is expected to hit 10 billion by 2050 with almost 70% concentrated in cities across the globe. In Asia and Africa, it is estimated that urbanisation will be even higher than that of the global predicted average, edging closer towards 90% over the next three decades.

Corporate News 21 Mar 2018 | 10:11 AM Premium

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 14 Jul 2016 | 12:00 AM Premium

Nissan unveils semi-autonomous driving functions

YOKOHAMA: Nissan Motor Co Ltd launched a suite of semi-autonomous driving functions stressing they were intended to assist and not replace drivers, just two weeks after similar technology in another maker’s car was involved in a fatal crash.

Business 20 Oct 2015 | 12:00 AM Premium

Need for autonomous Bank Negara

PETALING JAYA: In an unprecedented development, the Malaysian Economic Association (MEA), a leading institution for economists, has come out strongly on the need for Bank Negara to remain autonomous and independent.

Business 23 Feb 2018 | 12:00 AM Premium

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 28 Dec 2017 | 12:00 AM Premium

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.