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Investment

Private Equity Fuels Agilis Telematics Expansion

Agilis Systems will expand its offering of fleet management technology following a "significant investment" from private equity firm Spectrum Equity, the Chesterfield, Missouri-based telematics provider announced. The amount of the investment wasn't disclosed.

Daimler, BMW Partner on Mobility Venture

The cooperation comprises five joint ventures: Reach Now for multimodal services, Charge Now for charging, Free Now for taxi ride-hailing, Park Now for parking, and Share Now for carsharing.

GM Invests in Transmission, SUV Plants

General Motors has invested $20 million two Michigan assembly plants to increase capacity to produce its 10-speed automatic transmission and crossovers such as the Chevrolet Traverse, the company has announced.

Uber Valued at $120B Ahead of 2019 IPO

If the San Francisco-based ride-hailing app goes public with that value, it would be worth three times as much as Ford, and more than twice as much as Tesla.

AV Sensor Startup Lunewave Secures $5M Investment

Lunewave, an Arizona-based startup focused on building new sensor technology for autonomous vehicles, has received $5 million in backing from Fraser McCombs Capital, BMW i Ventures, Baidu Ventures, and other investors.

FCA Opens $30M Autonomous Vehicle Testing Center

Fiat Chrysler Automobiles is opening a new, state-of-the-art facility at its Chelsea Proving Grounds in Michigan to accelerate its development and testing of autonomous vehicles and advanced safety technologies. Testing programs are slated to begin this month.