July 13, 2023 08:52 am | Updated 09:09 am IST - BengaluruHCLTech has signed a definitive agreement to acquire a 100% equity stake in ASAP Group, an automotive engineering services provider, headquartered in Ingolstadt, Germany, for a total enterprise valuation of €251.1 million ( around ₹2,300 crore).\nASAP is focused on future-oriented automotive technologies in areas such as autonomous driving, e-mobility and connectivity and its services portfolio comprises electrics/electronics, software, consulting, service testing and validation and vehicle development.\n“Core engineering is at the heart of HCLTech’s DNA and it truly differentiates our services portfolio.\nASAP has developed some exciting capabilities in automotive engineering, and we share their vision for the future of mobility.\nThis agreement will enable us to scale these capabilities and innovations across our global network,” said Hari Sadarahalli, Corporate Vice President, Engineering and R&D Services, HCLTech.
"}}}},{"node":{"postTitle":"Be driven around the Ann Arbor Art Fair in style with Art-Go-Round","slug":"be-driven-around-the-ann-arbor-art-fair-in-style-with-art-go-round","publishDate":"2023-07-13 00:00:00","createdLocal":"2023-07-13 14:30:59.041823","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"ANN ARBOR, Mich. – Relax for a few minutes while a May Mobility autonomous vehicle or a sporty BMW take you to your next Art Fair destination.\nThe Art-Go-Round shuttle service is back this year with seven stops around the massive event made up of three separate fairs spanning 30 city blocks.\nVehicles marked with Art-Go-Round logos will pick up passengers for free at set locations and drop them off at designated sites.\nHere’s where you’ll find your free ride:Ashley St. near E. William St.E. Madison Street near State St.E. University Ave. + Willard St.E. Washington St. near State St.Fletcher St. near E. WashingtonForest Ave. near S. University Ave.Thompson St. near E. William St.\nThe free shuttle service is supported by May Mobility’s s A2GO service and Detroit Area BMW Centers.
"}}}},{"node":{"postTitle":"Tesla cars could get Level 4 autonomous driving tech this year","slug":"tesla-cars-could-get-level-4-autonomous-driving-tech-this-year","publishDate":"None","createdLocal":"2023-07-13 14:30:57.542522","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Level 4 autonomous driving tech is said to have the ability to completely disconnect the task of driving.\nAccording to a media report, Tesla CEO Elon Musk has made bold claims that the carmaker could introduce Level 4 or 5 Full-Self Driving technology on its models later this year.\nSpeaking via a video link at the World Artificial Intelligence Conference held in Shanghai, Elon Musk claimed that Tesla is very close to achieving full self-driving without human intervention.\nHe added that, although a speculation, Tesla might be able to achieve level 4 or 5 FSD by later this year.\nLevel 4 autonomous driving tech is said to have the ability to completely disconnect the task of driving.
"}}}},{"node":{"postTitle":"German autonomous driving tech provider ASAP Group acquired in $280 million deal","slug":"german-autonomous-driving-tech-provider-asap-group-acquired-in-280-million-deal","publishDate":"2023-07-13 00:00:00","createdLocal":"2023-07-13 14:30:53.903365","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Providing automotive engineering services including electrics/electronics, software, consulting, service testing and validation, and vehicle development Ingolstadt-based ASAP Group has been acquired in an almost entirely all-cash deal worth $279.72 million according to BSE filings.\nThe BSE (formerly Bombay Stock Exchange) filing notes India’s third-largest IT services firm, HCLTech as the new owner, and the deal will be conducted through the firm’s UK subsidiary.\nASAP Group counts over 1,600 employees working from nine locations across Germany.\n“We are delighted to align our growth journey with HCLTech's purpose of bringing together the best of technology and people to supercharge progress for all stakeholders,” commented ASAP Group CEO Michael Niesen.\n“We are confident that the combination of HCLTech and ASAP's engineering and technology performance will bring best-in-class advantages to the automotive industry worldwide.\"
"}}}},{"node":{"postTitle":"HCL Acquires German Autonomous Vehicle Tech Firm ASAP Group","slug":"hcl-acquires-german-autonomous-vehicle-tech-firm-asap-group","publishDate":"2023-07-13 08:55:31+00:00","createdLocal":"2023-07-13 14:30:52.980220","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Listen to this storyIndian IT giant HCL has recently acquired a 100% stake in German autonomous vehicle tech company ASAP Group, according to media reports.\nThis deal is poised to enhance the IT giant’s portfolio and strengthen its presence in the automotive industry.\n“Core engineering is at the heart of HCLTech’s DNA and truly differentiates our services portfolio.\nASAP has developed some exciting capabilities in automotive engineering, and we share their vision for the future of mobility.\n“This agreement will enable us to scale these capabilities and innovations across our global network,” Hari Sadarahalli, Corporate Vice President, Engineering and R&D Services, HCL Tech said.
"}}}},{"node":{"postTitle":"Autonomous Vehicles Market to grow at a CAGR of 38.45% from 2022 to 2027 | Historical and current forecast analysis research report-Technavio","slug":"autonomous-vehicles-market-to-grow-at-a-cagr-of-38-45-from-2022-to-2027-historical-and-current-forecast-analysis-research-report-technavio","publishDate":"None","createdLocal":"2023-07-13 14:30:51.960886","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Autonomous Vehicles Market - Regional Market OutlookThe market is segmented by geography (North America, Europe, APAC, South America, and the Middle East and Africa).\nSignificant Challenge- High driver distraction with an increase in vehicle automation is the major challenge restricting the market growth.\nThe rise in the adoption of autonomous vehicles is a key factor driving the market growth during the forecast period.\nThe near-autonomous passenger car market Size is estimated to grow by USD 294.81 billion between 2022 and 2027 at a CAGR of 38.23%.\nThe Increasing popularity of semi-autonomous vehicles is a key factor driving the market growth during the forecast period.
"}}}},{"node":{"postTitle":"The Future of Transportation: Exploring Innovations in MEMS LiDAR and Autonomous Vehicles","slug":"the-future-of-transportation-exploring-innovations-in-mems-lidar-and-autonomous-vehicles","publishDate":"2023-07-11 17:06:31+00:00","createdLocal":"2023-07-12 14:31:14.649964","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"The Future of Transportation: Exploring Innovations in MEMS LiDAR and Autonomous VehiclesThe future of transportation is on the cusp of a significant transformation, with the advent of autonomous vehicles and the innovative technology that powers them.\nIt’s a critical component in the development of autonomous vehicles, as it allows these vehicles to ‘see’ their surroundings and navigate accordingly.\nAs we move forward, the role of MEMS LiDAR in autonomous vehicles is expected to grow.\nIn addition to autonomous vehicles, MEMS LiDAR also has potential applications in other areas, such as drone technology, robotics, and smart cities.\nIn conclusion, the future of transportation is exciting, with MEMS LiDAR and autonomous vehicles at the forefront of this transformation.
"}}}},{"node":{"postTitle":"Ford Next CEO charged with assault, arson after domestic dispute","slug":"ford-next-ceo-charged-with-assault-arson-after-domestic-dispute","publishDate":"2023-07-11 20:07:01-04:00","createdLocal":"2023-07-12 14:31:13.183686","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"Franck Louis-Victor, a former Renault executive hired by Ford Motor Co. in 2021 to oversee its new businesses unit, was arrested last weekend on felony charges of arson and assault with a dangerous weapon after a domestic dispute at his home in Bloomfield Township.\nLouis-Victor, CEO of Ford Next LLC and vice president of Ford's new business platforms, is accused of trying to burn two high-end handbags worth up to $20,000, according to multiple media reports.\nLouis-Victor, 50, was hired to oversee Ford's autonomous vehicle and mobility services teams as well as its Ford X incubator.\nLast year, however, Ford announced it was disbanding Argo AI, its autonomous vehicle joint venture with Volkswagen, and pivoting away from fully autonomous vehicles to focus on other driver-assist technology.\nIn his company profile, Ford says Louis-Victor's business unit \"focuses on ways to offer new, technology-forward customer experiences in various domains such as energy, supply chain, iOT, and distribution.\"
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