General Motors invests $300 million in Chinese autonomous driving startup Momenta

momenta, china, toyota motor, saic motor, general motors, daimler ag, general motors co

U.S. automaker General Motors Co said on Thursday that it would invest $300 million in Chinese autonomous driving startup Momenta to develop self-driving technologies for future models in China.

In China, the world’s biggest car market, GM is making vehicles with SAIC Motor, which has also invested in Momenta. Momenta, which holds a permit for gathering high-definition maps in China, is also backed by Toyota Motor and Daimler AG.

Internet Explorer Channel Network
News Related

OTHER NEWS

Most affluent individuals in India have set new life goals post-pandemic: Survey

Most affluent individuals in India have reset their life goals following the pandemic, but the coronavirus-induced confidence gap is preventing them from taking the necessary actions to achieve their new ... Read more »

Water supply disruption in Mumbai because of repairs

Water supply in Mumbai could be disrupted over Tuesday and Wednesday because of repair works carried out by the city’s civic body Brihanmumbai Municipal Corporation (BMC). The repair works are ... Read more »

Simply Save | Opted for the new tax regime? Know the nitty-gritties of filing tax returns this year

The return-filing season is in full swing, with the extended due date – December 31 – just two months away. This year, the most important change in the income tax ... Read more »

Central Bank of India Q2 net profit jumps 55% to Rs 250 crore

Public sector Central Bank of India on Tuesday reported an over 55 percent jump in net profit at Rs 250 crore for the quarter ended September. The lender had posted ... Read more »

Bajaj Finance Q2 results | Profit jumps 53.5% to Rs 1,481 crore, assets under management grow 22%

Leading non-banking finance company Bajaj Finance has clocked a 53.5 percent year-on-year growth in consolidated profit at Rs 1,481 crore in September 2021 quarter following lower provisions and improvement in ... Read more »

Banks sanctions Rs 11,168 cr under credit outreach initiative

Banks have sanctioned loans worth Rs 11,168 crore to about 2 lakh borrowers under the credit outreach programme, Finance Minister Nirmala Sitharaman said on Tuesday. Under this programme, banks have ... Read more »

Poultry farmers told to keep chickens indoors because of bird flu outbreak

All poultry farmers in the Netherlands have been ordered to keep their birds inside, following an outbreak of the highly contagious bird flu strain at an organic poultry farm in ... Read more »

Russia to introduce zero import duties on cocoa products on constant basis

A respective instruction was made by Russian PM Mikhail Mishustin Read more »

Evergrande resumes work on 10 major projects after narrowly avoiding default

File photo: China’s indebted property developer Evergrande has liabilities worth 1.97 trillion yuan (around £220bn) (AP) Indebted Chinese property developer Evergrande has resumed work on more than 10 projects across ... Read more »

Dave Chappelle's documentary being pulled by distributors amid controversy

Comedian Dave Chappelle has been slammed for declaring in his special that “gender is a fact” and identified himself as a “TERF,” or “trans-exclusionary radical feminist.” ALEX EDELMAN/AFP via Getty ... Read more »

Top five Indian IT firms added 1.7 lakh employees between January and September 2021

Most of the IT firms have revised their fresher hiring targets for the year given the sustained demand. (Representative image) Top five IT services companies – TCS, Infosys, HCL Tech, ... Read more »

Saudi Aramco: More investment needed in oil production

Photo: ANP The CEO of the Saudi state oil group Saudi Aramco believes that more should be invested in oil production because the production capacity in the world is declining. ... Read more »

Tech View: Nifty50 forms bullish candle; further upside likely, say analysts

NEW DELHI: Nifty50 on Tuesday formed a bullish candle on the daily chart and negated the last four sessions’ lower-high low formation. Analysts said the index seems to have taken ... Read more »

No agreement between EU energy ministers on new measures

Photo: ANP EU countries remain divided on how to tackle the energy crisis. The energy ministers failed to agree on new measures in the short term during a scheduled meeting ... Read more »

AI Code of Ethics will help eliminate risks linked with use of AI — Infowatch

The Code establishes general ethical principles and standards of conduct to guide those involved in activities using artificial intelligence Read more »

Who are the biggest emitters of greenhouse gases?

China is by the far the biggest overall emitter of greenhouse gases (Getty Images) At this year’s United Nations COP26 climate conference, attempts to limit greenhouse gas emissions will be ... Read more »

GE lifts 2021 earnings forecast, flags 'challenging operating environment'

The General Electric Co. logo is seen on the company's corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019Alwyn Scott | Reuters General Electric announced an upward revision to ... Read more »

Independent content creators ‘underpaid', ‘overworked' and close to burnout: Report

Independent content creators–those who have tens of thousands of subscribers on online channels–are stressed and under-compensated, going by the largest survey of creators ever done. This when social-media platforms seem ... Read more »

Why U.S. gasoline prices vary so much from state to state

As gas prices climb to seven-year highs in America, drivers in some states are hit much harder than those in others. The average gas price in the U.S. was $3.378 ... Read more »

Verizon partners with Amazon to use Project Kuiper satellite internet for rural broadband

INDIA – 2019/08/30: In this photo illustration a popular wireless communication application Verizon logo seen displayed on a smartphone. (Photo Illustration byAvishek Das | SOPA Images | LightRocket | Getty ... Read more »

Digitization continues, but SMEs lag behind

The digitization of companies in the Netherlands has accelerated since the corona crisis. According to figures from Statistics Netherlands, in 2019 we were already the fourth ‘most advanced digital economy’ ... Read more »

Rijiju to meet state law ministers next month on judicial infrastructure

With several courts functioning from premises that have insufficient space or are in a dilapidated condition without basic amenities, Union Law Minister Kiren Rijiju will meet state law ministers next ... Read more »

NIA opposes Sachin Waze's house arrest plea in HC, says he may abscond if let out of prison

The National Investigation Agency (NIA) has opposed dismissed Mumbai police officer Sachin Waze‘s plea seeking temporary transfer from the Taloja prison to house arrest in the Bombay High Court saying ... Read more »

Court order on Friday on Rajiv Saxena's bail plea in bank loan fraud case

A Delhi Court will pronounce on Friday its order on the bail application of Rajiv Saxena, arrested in a money laundering case related to an alleged bank loan fraud. Special ... Read more »

Promoter IDFC writes to IDFC First Bank on unlocking value for shareholders

IDFC Financial Holding Company, a subsidiary of IDFC Ltd, has triggered a conversation with IDFC First Bank on its eventual exit from the promoter position after the expiry of the ... Read more »

IRB Infra to raise Rs 5,347 crore from GIC & Spain's Cintra; deleveraging & growth capital deal drivers

Representative Image (Source: ShutterStock) IRB Infrastructure Developers Limited has struck two separate equity fundraises through preferential allotments to Cintra, an arm of Spanish infrastructure major Ferrovial and Singapore’s GIC, the ... Read more »

Subscribe to FSN E-Commerce Ventures: Prabhudas Lilladher

Prabhudas Lilladher IPO report on FSN E-Commerce Ventures We recommend Subscribe Rating to IPO of FSN E-Commerce Ventures which operates Nykaa, India’s largest Omni channel play across Beauty and Fashion ... Read more »

Raffles Education responds to RegCo queries on annual report, as Oei Hong Leong dumps his shares

SINGAPORE (THE BUSINESS TIMES) – Billionaire Oei Hong Leong has cut his stake in Raffles Education Corp (REC) to less than 1 per cent after dumping around 90 million shares ... Read more »

ABP stops investing in fossil fuel producers

”We are withdrawing from investments in fossil fuel producers (oil, gas and coal). The board of ABP has decided this after recently published climate reports. There is a lot of ... Read more »

Buying gas from third countries will cost Moldova more than from Russia, says Kremlin

According to Russian presidential spokesman Dmitry Peskov, work is underway to agree on the terms of the contract between Moldova and Gazprom Read more »

Subscribe to FSN E-Commerce Ventures: Hem Securities

Representative image Hem Securities IPO report on FSN E-Commerce Ventures FSN E-Commerce Ltd have a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured ... Read more »

IKEA buys former Topshop store in London's Oxford Circus

IKEA's strategy has recently shifted from occupying large warehouse-like outlets on town and city outskirts to using inner-city properties to cater to changing shopper behaviour and increasing urbanisation. Read more »

Axis Bank Q2 profit jumps 86% to Rs 3,133 crore on significant fall in provisions

Axis Bank Private sector lender Axis Bank on October 26 reported a healthy 86.2 percent year-on-year (YoY) growth in standalone profit at Rs 3,133.32 crore for the quarter ended September ... Read more »

First code of ethics of artificial intelligence signed in Russia

The Code will become part of the Artificial Intelligence federal project and the Strategy for the Development of the Information Society for 2017-2030 Read more »

IT department detects Rs 130-cr after raids on Punjab-based cycle, student immigration businesses

The Income Tax Department detected undisclosed income of about Rs 130 crore after it recently raided two Punjab-based businesses, one engaged in cycle trade and the other in providing immigration ... Read more »

Alibaba Group Holdings lost $344 billion in market capitalisation post-Chinese crackdown: Reports

Alibaba (Source: Reuters) Chinese billionaire Jack Ma-founded Alibaba Group Holdings lost a whopping $344 billion in market capitalisation, reported Bloomberg on October 26. This is seen as the biggest wipe ... Read more »

Moneycontrol Pro Panorama | Numbers add up as TechM gets into reboot mode

Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by ... Read more »

Buy Subros; target of Rs 415: Khambatta Securities

500bps growth outperformance over FY21-24E as compared to 250bps earlier). We roll over valuations to Sepemtember-23E and increase target multiples for most of the companies in our coverage universe. We remain broadly constructive ... Read more »

Taking Stock: Sensex up 383 points, Nifty above 18,250; mid, smallcaps outshine

The market extended the previous day’s gains to rise 0.5 percent on October 26, supported by the auto, realty, metal, oil & gas stocks. At close, the Sensex was up ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic