Category: magna

Waymo’s first outside investment round includes car industry heavyweights

Post author By Randall
Post date March 2, 2020
Categories In alphabet, andreessen horowitz, autonation, autonomous, gear, Google, investment, investors, magna, mubadala, self-driving, silver lake, silver lake partners, Tech, Transportation, waymo

[ad_1] Alphabet is also contributing, but it appears to be in the minority this time around. Waymo was vague about how it would use the funds, saying only that this would help “our people, our technology, and our operations.” One look at Waymo’s business suggests that it has plenty of need for cash, though. In […]

Lyft’s autonomous vehicle partner Magna is done with self-driving tech

Post author By Randall
Post date January 16, 2020
Categories In autonomous, Autonomous Vehicles, autonomousvehicles, Lyft, magna, self driving car, self-driving, self-driving car, selfdrivingcar, Tech, tomorrow, Transportation

[ad_1] Magna isn’t fully severing ties with Lyft, in which it invested $200 million in 2018, but the self-driving partnership seems to have been impacting its bottom line. They’ll keep working together on other autonomy-related software and hardware. Lyft has also collaborated with Waymo on autonomous cars. Ultimately, Magna doesn’t think there’s big enough potential […]