‘project’ Tagged Posts

Uber to invest $500 million in global mapping project: FT

New York (Reuters) - Ride-coming service Uber [UBER.UL] has decided to invest $ 500 million in an ambitious global mapping project to wean itself ...

 

Uber to invest 0 million in global mapping project: FT

New York (Reuters) – Ride-coming service Uber [UBER.UL] has decided to invest $ 500 million in an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driver cars, the Financial Times reported yesterday.

The San Francisco-based company is ramping up spending on new technology, such as mapping and driver cars following new investment in the company earlier this year.

A representative for Uber could not be reached immediately for comment

(Reporting by Catherine Ngai; Editing by Marguerita Choy).

Apple’s Zadesky, head of electric car project, to leave company: WSJ

 

Apple's Zadesky, head of electric car project, to leave company: WSJ

Zadesky, previously with the iPod and iPhone teams leave for personal reasons not related to his performance, said the WSJ. (http://on.wsj.com/1REazpb)

It is not clear when the 16-year veteran Apple would leave, said the Journal. As of Friday afternoon his profile on LinkedIn still listed him as working at Apple.

Apple declined to comment.

Apple has never acknowledged that it is seeking to build an electric car, but the company has dozens of auto experts, many of the car manufacturers like Ford or Mercedes Benz recruited.

Apple Chief Executive Tim Cook has to BMW’s headquarters in 2014, and senior Apple executive toured the carmaker Leipzig factory to learn how they produced the i3 electric motor, sources familiar with the matter told Reuters.

The dialogue ended without conclusion because Apple, the world’s largest manufacturer of electronic gadgets, seems to want to explore development of a passenger on his own, one of the sources said.

BMW, the world’s largest seller of premium cars, is to be careful about the portion of its manufacturing know-how, because it seems a mere supplier to a software and Internet giant .

But one of the sources said the exploratory talks between senior managers can resurrect

(Reporting by Rama Venkat Raman in Bangalore. Editing by Mary Milliken and Stephen R. TROUSDALE)