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Investment

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.

Toyota Invests $500M in Uber for Autonomous Ride-Hailing

Toyota Motor Corp. will invest $500 million Uber Technologies, Inc. to speed up efforts to bring an autonomous ride-hailing service to market. Each company will integrate its technology into purpose-built Toyota Sienna minivans that will be deployed on Uber's network.

Ford Investing $4B in Autonomous Vehicles

Ford Motor Co. has established a new self-driving-vehicle business unit, and will invest $4 billion through 2023 to better organize and accelerate its efforts to commercialize autonomous vehicles, Ford has announced.