The EV startup burned through $800 million by the middle of 2018 and was seeking an installment of $700 million from Evergrande as operating cash for the remainder of the year, which was expected to see the start of production for the FF 91. Evergrande allegedly refused to provide the $700 million, which triggered the arbitration that is being conducted in Hong Kong.....
Recent:
JarAutoNews
Move will happen soon
Project CEO says the move will happen soon
Google’s Self-Driving Car Project is slated to reach a new milestone as it prepares to transition into a separate company outside of the Alphabet umbrella. The news comes from project CEO John Krafcik, who was in attendance at this week’s Nikkei Innovation Forum where he spoke and provided an update on Google’s self-driving car program.
“Around a year ago we announced this new Alphabet structure and the ‘bet’ of Alphabet is sort of a shorthand for these new entities that are forming within this new corporate structure,” Krafcik said. “So this self driving car project is on its way to what we call a graduating project.”
The self-driving car program currently operates under Google X, a division that Krafcik described as a place where “moonshot” and experimental projects take place. Projects that graduate from Google X typically fall under Alphabet, but it appears Krafcik’s project will be completely independent, with no affiliation with Google’s parent company.
Forbes reports that the move–which comes with a new name for the project–will happen soon.
To date, the Google self-driving project has been testing prototypes of its pod-like autonomous cars on public roads in Austin, Texas, and around its headquarters in Silicon Valley. The company recently inked a deal with Fiat Chrysler Automobiles to test its autonomous driving technology in at least 100 Chrysler Pacifica hybrid minivans, with a bulk of the evaluations to take place in Michigan.
Source: Forbes
Menu
Other News
Daimler said the fault affects the fuse in some of its A, B, C, and E-class cars as well as its CLA, GLA and GLC vehicles and could cause them to overheat in "unique conditions".
We are the global leader in international car rental services and have been helping travelers find the perfect rental vehicle for their trips around the world for over 60 years...
