Karn Dhingra Reporter covering mobility finance for Automotive News [email protected] See All Staff Page Recent Stories Nikola extends voting on authorizing new shares to raise capital Digital car keys raise security concerns Mobile phone-based automotive digital keys are the future of the software-defined car. However, cybersecurity experts are still determining if digital keys are as secure as the industry claims. Radar technology gets a refresh, increased role in automated driving systems Advances in radar could make it easier to develop and deploy automated-driving technology. A number of companies are working on products they think might soon supplant lidar. Waymo and Uber sign ride-hailing, delivery service deal The multiyear partnership follows Waymo's early May move to expand its commercial driverless service in Phoenix and its coverage area in San Francisco. Indictment of former Apple self-driving engineer sends message on national security risk, experts say Tech investment is crucial, but the industry must know security risk. Automotive tech startups get $402 million in April Automotive tech startup investment has leveled but it may be seeing heated competition from generative artificial intelligence companies that are following ChatGPT. Nikola pivots toward hydrogen for North American market Amid its pivot, Nikola is losing upward of $150 million per quarter and holds about $150 million in cash and receivables on its balance sheet. Waymo doubles down in Phoenix area, expands San Francisco efforts Waymo's expansion of service in metro Phoenix and San Francisco serves as a prelude to a massive expected expansion over the next year. Toyota investment fund, Nvidia among backers of Israeli software startup Foretellix plans to use the funding to expand its product portfolio, expand to new countries and work with Toyota and Nvidia on Level 4 vehicle automation. Small automakers and suppliers challenged by new cybersecurity regulations Israel's Argus Cyber Security found that 38 percent of suppliers and 17 percent of automakers ranked budget issues as the biggest challenge in complying with new cybersecurity regulations. Aurora's stock gains ground while some self-driving truck competitors stall Aurora Innovation Inc. has seen its stock price record modest gains while competitors in the self-driving truck segment struggle. A prospective sale might boost the company, one analyst said. Transport technology startup funding plunged 43 percent in March Private equity and other investors funneled $394 million into U.S. transportation technology startups in March, about a 43 percent decline from the previous month. Lidar maker Luminar's Mexico factory opens ahead of schedule Lidar maker Ouster accuses Chinese rival of patent theft Ouster filed a patent infringement complaint with the U.S. International Trade Commission against rival lidar maker Hesai and its related entities on April 12. Lidar maker Luminar's CEO talks insurance and path to profits Load More
Karn Dhingra Reporter covering mobility finance for Automotive News [email protected] See All Staff Page