Ford has committed to developing high-volume autonomous vehicles to use in a ride-hailing or ride-sharing scheme within five years. The car manufacturer is working with four start-ups to accelerate progress, doubling its Silicon Valley team and more than doubling its Palo Alto campus. This is part of Ford’s Smart Mobility plan, which it hopes will [...]

Volkswagen AG will begin technical fixes on 460,000 diesel cars after receiving German regulatory approval. The approval from the Federal Motor Transport Authority applies to models with 1.2-liter EA189 engines including the Volkswagen Polo and Seat Ibiza. Germany’s approval is valid throughout Europe. VW is in the middle of one of the largest recalls in [...]

BMW plans to launch self-driving vehicles in China in 2021. The German car manufacturer announced at a summit on artificial intelligence and robotics in China’s southern city of Shenzhen that its iNEXT will hit the roads in just five years. Maximilian Doemling, senior manager for highly automated driving at BMW Group, said, ‘If you’re expecting [...]

Volkswagen investors are understood to be chasing £3.4bn in compensation following the the emissions scandal. It’s been reported that 170 investors are making the claim for losses which are a result of dieselgate, which saw share prices plummet last September. This news comes just weeks after it was announced that the German state of Bavaria [...]

Web-based motor insurance platform ReNewBuy is planning to raise $1.5m from Singapore-based investment and advisory firm Mount Nathan in its next round of funding to finance its future growth. ReNewBuy is a platform with more than 7,000 car and bike insurance policies monthly. It has previously raised $1m from Mount Nathan through its investment entity Havelock Road LLP. Balachander [...]