Found in News & Content, with a score of 15.67
…included Bell, Evok Innovations, Export Development Canada, Magna, SE Health, Verizon Ventures, and Workday Ventures. “Sanctuary's novel approach and progress set them apart, as they look to build transformative innovations of tomorrow with the potential to reshape the future of work,” stated Michelle McCarthy, managing director of Verizon Ventures. Marty Reed, a partner at Evok Innovations, added: “Our investment in Sanctuary is in complete alignment with our mission at Evok Innovations to protect the environment and strengthen the economy. We…
Found in News & Content, with a score of 15.50
…Voyage in March 2021. Also this week, Magna International acquired the employees and assets of Boston-based Optimus Ride Inc. Former Local Motors executives expressed optimism, however, about the industry's potential. “As with most adventures, they must come to an end. Local Motors has closed its doors,” wrote Jeff Hollowell, senior vice president of information technology at Local Motors, on LinkedIn. “It has been an exciting, challenging, and educational experience working with Olli and all the team at Local Motors.” “I…
Found in News & Content, with a score of 14.91
…funding. Its announcement came a day after Magna International Inc. acquired autonomous shuttle developer Optimus Ride Inc. Nuro designed for safety, sustainability Nuro said its third-generation vehicle is designed to carry more goods and enable more deliveries, with twice the cargo volume of its second-generation vehicle. The automotive production-grade vehicle will also feature modular inserts to customize storage and new temperature-controlled compartments to keep goods warm or cool. Since all of Nuro’s vehicles are designed for transporting goods and not…
Found in News & Content, with a score of 77.22
…to self-driving vehicles continues, so has consolidation. Magna International Inc. today said it has hired more than 120 employees of Optimus Ride Inc. Aurora, Ontario-based Magna said the engineers from the Boston-based autonomous shuttle developer will help its capabilities in advanced driver-assistance systems, or ADAS. “Growing our engineering bench strength in sensing hardware and software helps accelerate our path forward in a rapidly growing ADAS market,” stated John O’Hara, president of Magna Electronics. The companies did not disclose financial terms…
Found in News & Content, with a score of 17.69
…Investment Board, Fidelity Management & Research Company, Magna International, Mubadala Investment Company, Perry Creek Capital, and Silver Lake participated in Waymo's latest round. In addition, funds and accounts advised by T. Rowe Price Associates Inc., Temasek, and Tiger Global invested in the company. Other companies that have obtained billions in investment include Uber, Didi Chuxing, Tesla, and Cruise. The global market for autonomous vehicles will experience a 64.5% compound annual growth rate (CAGR) between 2020 and 2027, said Precedence Research.…
Found in News & Content, with a score of 18.56
…take advantage of these accelerated work and apprenticeship programs.” Over 40 leading companies, including Dana, Magna, Tyson Foods and Flex-N-Gate, have agreed to support and participate in apprenticeships for automation technologies, ensuring that their employees receive adequate training and are qualified to succeed. Further information can be found here.
Found in News & Content, with a score of 13.50
…Oakland County Michigan Works! Event sponsors include Magna International, Lawrence Technological University, Kelly Services, FCA – Fiat Chrysler Automobiles, Automation Alley, Wenzel and Oakland Community College. Nationally, the U.S. manufacturing sector supports more than 18.5 million jobs, according to the National Institute of Standards and Technology (NIST). The manufacturing sector accounts for 12% of the U.S. gross domestic product annually, according to NIST data. Southfield-based automotive supplier Comau is hosting students at three locations in Oakland County. Mark Bologna, head…
