Tag: category-/Business & Industrial/Automotive Industry

Daimler acquires majority stake in Torc Robotics to accelerate autonomous truck development

Daimler is betting big on autonomous trucks, as the German automotive giant today announced that its trucking division is buying a majority stake in self-driving vehicle company Torc Robotics. Terms of the deal were not disclosed. Founded in 2005 by a group of engineers from Virginia Polytechnic Institute and State University, Torc Robotics initially focused […]

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How automotive supplier Valeo wants to accelerate autonomous vehicle development

A few weeks ago on the streets of Paris, auto parts giant Valeo unveiled its very own autonomous car. The Valeo Drive4U roamed the streets without the aid of a driver to demonstrate just how far such technology has come. While Valeo has no intention of getting into the car-building business, it is intent on […]

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