BMW drives to slash battery costs, share expenses on autonomous vehicles

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German automaker BMW AG prepares more deals with mining companies to secure electric vehicle battery materials, and is open to establishing alliances to share the expenses of developing autonomous-vehicle systems, the automaker’s research and development chief informed Reuters. BMW management board member Klaus Froehlich stated automakers and large providers have started to discuss how to […]

Autotalks raises $30 million, total to date $70 million for safer autonomous vehicles

autotalks

Autotalks, an Israeli supplier of vehicle to vehicle (V2V) communication for enhancing road safety, stated on Wednesday it raised $30 million in a late-stage financing round, giving $70 million its total raised to date. It will use the funds to broaden operations and accelerate deployment of technologies for much safer autonomous cars. The new funding […]