Uber Stops San Francisco Driverless Tests DMV Revokes Test Fleet Registration

Uber test self driving

Uber‘s confusing defiance of a California requirement that it get a $150 permit to run self-driving vehicles in San Francisco came to an end with the ride-hailing business revealing it was suspending the program. Uber had little option: California’s Department of Motor Vehicles revoked registrations for its 16-vehicle test fleet previously in the day. “We’re […]

Volvo Cars raises over $500 million in step towards possible share listing

Volvo XC90 SUV

Volvo Cars has raised 5 billion Swedish crowns ($542 million) from a group of Swedish institutional investors, another step to share market flotation almost seven years after being bought by Chinese automaker Zhejiang Geely Holdings. The investors have purchased newly-issued preference shares that is going to have “an immaterial dilutive effect” on Geely’s 100 percent […]