Tag Archives: million

Toyota creates $100 million venture fund for tech startups

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by Lummi Photography Toyota Research Institute is investing $ 100 million to start a venture capital fund for technology startups. The fund, called Toyota AI Ventures, will focus on AI, robotics, and other technologies. … Automotive News Breaking News Feed

Drive.ai raises $50 million in new funding

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by grandjury Self-driving startup Drive.ai raised $ 50 million in a second round of funding as the Silicon Valley company prepares to deploy its technology in pilot vehicles later this year. … Automotive News Breaking News Feed

Fields could walk away from Ford with $57.5 million

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by Niklas Emmerich Photography Former Ford CEO Mark Fields, ousted by the board after the automaker’s stock declined 37 percent on his watch, could walk away with about $ 57.5 million in compensation. … Automotive News Breaking News Feed

Nissan finance ordered to pay ex-dealer $256 million for fraud

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by Zixii After years of legal wrangling, ex-Nissan dealer Mike Kahn has been awarded $ 256 million by a jury against Nissan Motor Acceptance Corp. … Automotive News Breaking News Feed

Ford will invest $350 million to build new fwd transmissions

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by inkknife_2000 (7.5 million views +) Ford said it is investing $ 350 million in a suburban Detroit plant to support a new transmission for front-wheel-drive vehicles. The move will create or retain 800 jobs. … Automotive News Breaking News Feed

Fiat Chrysler recalling 1.25 million pickups for software error

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by Zixii Fiat Chrysler said it is recalling more than 1.25 million pickups worldwide to address a software error linked to reports of one crash death and two injuries. … Automotive News Breaking News Feed