Auto Industry News

Companies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.

Nissan expects global supply chain constraints and the sector-wide semiconductor shortage to continue until at least the middle of 2022.

The company makes silicon wafers for chip designers, such as Advanced Micro Devices and Broadcom Inc, that do not have their own fabrication plants, called fabs.

Waymo is among a small number of companies around the world that have billions of dollars in financing to develop self-driving cars and trucks.

No information was immediately available about who was behind the possible attack or the motive. The attack comes just after Japan joined Western allies in clamping down on Russia after it invaded Ukraine, although it was not clear if the attack was at all related.

The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date.

Volkswagen said allegations made against it by Acer were unfounded, after a magazine reported that the Taiwanese computer maker had sued the German carmaker for infringing on its mobile network patents.

Bosch and Daimler announced plans in 2017 to build a joint 'robo-taxi' automated driving fleet - but the partnership was cancelled in 2021, months after Daimler's CEO highlighted the high costs and risks involved.