A Japanese conglomerate has announced that it will make an investment of $2.25bn in US car manufacturing colossus General Motors. Telecommunications giant SoftBank will invest the capital in GM's autonomous car program in exchange for a stake in the ambitious mobility venture.
Smart Mobility Deployments NA
Research conducted in the United States is projecting that the sales of autonomous vehicles is set to explode exponentially in the next eight years. The increase in sales is expected to be primarily propelled by aggressive investment from the likes of Google subsidiary Waymo.
The US city of Columbus has officially unveiled its new operating system that will harness transportation data that will then be utilized in order to tackle the city's ongoing issues with urban mobility.
Tesla CEO and SpaceX co-founder Elon Musk has passionately defended self-driving technology despite the fact it has come under intense scrutiny following a number of fatalities where vehicles where in self-driving or autopilot mode.
Uber has unveiled at the second annual Uber Elevate Summit in Los Angeles, a new prototype vehicle showing off its vision of the future of transportation; a "flying taxi" that aims to alleviate urban congestion. eVTOL, Uber's electric vertical take-off and landing vehicle concept is a cross between a helicopter and a drone.
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