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Cruise (autonomous Vehicle)
Cruise LLC was an American self-driving car company that became a subsidiary of General Motors, headquartered in San Francisco, California. Founded in 2013 by Kyle Vogt and Dan Kan (executive), Dan Kan, Cruise tested and developed autonomous car technology. The company was acquired by General Motors in 2016, and operated as a largely autonomous subsidiary, focusing on producing a fleet of driverless taxis. Following a series of incidents, it suspended operations in October 2023, and Kyle Vogt resigned as CEO in November 2023. The company began returning its vehicles to public roads in May 2024. In December 2024, GM stopped funding Cruise. Work on autonomous vehicles was to be incorporated into development of advanced driver assistance systems for personal vehicles, no longer funding autonomous taxis. History Cruise initially focused on developing direct-to-consumer kits to retrofit vehicles with limited self-driving capabilities. The earlier generation of Cruise technology, RP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Y Combinator
Y Combinator, LLC (YC) is an American technology startup accelerator and venture capital firm launched in March 2005 which has been used to launch more than 5,000 companies. The accelerator program started in Boston and Mountain View, California, Mountain View, expanded to San Francisco in 2019, and was entirely online during the COVID-19 pandemic. Companies started via Y Combinator include Airbnb, Coinbase, Cruise (autonomous vehicle), Cruise, DoorDash, Dropbox (service), Dropbox, Instacart, Reddit, Stripe (company), Stripe, Scale AI, Deel (company), Deel, Helion Energy, and Twitch (service), Twitch. History Founded in 2005 by Paul Graham (programmer), Paul Graham, Jessica Livingston, Robert Tappan Morris, and Trevor Blackwell, Y Combinator (YC) initiated operations with concurrent programs in Cambridge, Massachusetts, and Mountain View, California. However, operational complexities arising from managing two programs prompted a consolidation in January 2009, resulting in the cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Verge
''The Verge'' is an American Technology journalism, technology news website headquarters, headquartered in Lower Manhattan, New York City and operated by Vox Media. The website publishes news, feature stories, guidebooks, product reviews, consumer electronics news, and podcasts. The website was launched on November 1, 2011, and uses Vox Media's proprietary multimedia publishing platform Chorus. In 2014, Nilay Patel was named editor-in-chief and Dieter Bohn executive editor; Helen Havlak was named editorial director in 2017. ''The Verge'' won five Webby Awards for the year 2012 including awards for Best Writing (Editorial), Best Podcast for ''The Vergecast'', Best Visual Design, Best Consumer Electronics Site, and Best Mobile News App. History Origins Between March and April 2011, up to nine of ''Engadget''s writers, editors, and product developers, including editor-in-chief Joshua Topolsky, left AOL, the company behind that website, to start a new gadget site. The other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Udacity
Udacity, Inc. is an American global for-profit massive open online course provider. It was founded by Sebastian Thrun, David Stavens, and Mike Sokolsky offering massive open online courses. According to Thrun, the origin of the name Udacity comes from the company's desire to be "audacious for you, the student". While it originally focused on offering university-style courses, it now focuses more on vocational education, vocational courses for professionals. Accenture agreed to acquire the company in March 2024. History Udacity is the outgrowth of free computer science classes offered in 2011 through Stanford University. Thrun has stated he hopes half a million students will enroll, after an enrollment of 160,000 students in the predecessor course at Stanford, Introduction to Artificial Intelligence, and 90,000 students had enrolled in the initial two classes . Udacity was announced at the 2012 Digital Life Design conference. Udacity is funded by venture capital firm, Charles R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Motors Streetcar Conspiracy
The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act. This suit created lingering suspicions that the defendants had in fact plotted to dismantle streetcar systems in many cities in the United States as an attempt to monopolize surface transportation. Between 1938 and 1950, National City Lines and its subsidiaries, American City Lines and Pacific City Lines—with investment from GM, Firestone Tire, Standard Oil of California (through a subsidiary), Federal Engineering, Phillips Petroleum, and Mack Trucks—gained control of additional transit systems in about 25 cities. Systems included St. Louis, Baltimore, Los Angeles, and Oakland. NCL often convert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dan Ammann
Dan Ammann is a New Zealand business executive. He is the former CEO of Cruise, having been the President of General Motors (GM) between 2015 and 2019. Ammann joined GM as treasurer following its 2009 bankruptcy, and also was the company's CFO. Prior to GM, Ammann was a managing director and head of industrial investment banking for Morgan Stanley. Ammann today is head of ExxonMobil Low Carbon Solutions. Early life Dan Ammann was born and raised in Eureka, a rural area outside of Hamilton, New Zealand. In 1994, he graduated from the University of Waikato with a bachelor of management studies. Investment banking Ammann began his career as an investment banker, starting at Credit Suisse First Boston in 1993. He moved to New York City in 1997, and continued to work for Credit Suisse until moving to Morgan Stanley in 1999. In 2004, he was appointed the position of managing director and head of industrial investment banking for Morgan Stanley. At Morgan Stanley, Ammann worked ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Honda
commonly known as just Honda, is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has been the world's largest motorcycle manufacturer since 1959, reaching a production of 500 million . It is also the world's largest manufacturer of internal combustion engines measured by number of units, producing more than 14 million internal combustion engines each year. Honda became the second-largest Japanese automobile manufacturer in 2001. In 2015, Honda was the eighth largest automobile manufacturer in the world. The company has also built and sold the most produced motor vehicle in history, the Honda Super Cub. Honda was the first Japanese automobile manufacturer to release a dedicated luxury brand, Acura, on 27 March 1986. Aside from their core automobile and motorcycle businesses, Honda also manufactures garden equipment, marine eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SoftBank Vision Fund
The SoftBank Vision Fund is a venture capital fund founded in 2017. It is managed by SoftBank Investment Advisers, a subsidiary of the SoftBank Group. With over $100 billion in capital, it is the world's largest technology-focused investment fund. In 2019, SoftBank Vision Fund 2 was founded. History The Softbank Vision Fund was created in May 2017 by the SoftBank Group and the Public Investment Fund (PIF). $100 billion was raised with PIF contributing $45 billion, SoftBank contributing $28 billion, the Mubadala Investment Company contributing $15 billion and the rest from other investors including Apple Inc., Apple. Through Softbank Vision Fund, Masayoshi Son explained his intent to invest in all companies developing technologies in line with the global artificial intelligence trends, including various sectors such as finance or transportation. As of early February 2019, the Vision Fund had built up a 4.9% position in Nvidia stock, and then was forced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chevrolet Bolt
The Chevrolet Bolt EV (marketed in Europe as Opel Ampera-eExcept the UK) is a Battery electric vehicle, battery electric Subcompact car, subcompact hatchback manufactured and marketed by General Motors under its Chevrolet brand from late 2016 until late 2023, with a brief hiatus between mid-2021 and early 2022. The first-generation Bolt was developed and manufactured with LG Corporation. Sales of the 2017 Bolt began in California in December 2016; it was released nationwide and international markets release in 2017. A badge engineering, rebadged European variant was marketed as the Opel Ampera-e in mainland Europe. In 2017, the Bolt was the second-best-selling plug-in car in the United States. It was named the 2017 ''Motor Trend'' Car of the Year, the 2017 North American Car of the Year, an ''Automobile (magazine), Automobile'' magazine 2017 All Star, and was listed in ''Time (magazine), Time'' magazine's Best 25 Inventions of 2016. The Ampera-e was discontinued after 2018. By ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive News
''Automotive News'' is a weekly newspaper established in 1925, written for the automotive industry, predominantly for individuals corresponding with automobile manufacturers and automotive suppliers. It is based in Detroit and owned by Crain Communications Inc. Globally, there are more than 55 editors and reporters. The company's headquarters is located at 1155 Gratiot Avenue in downtown Detroit, Michigan. History The first issue of ''Automotive News'' was published under the name ''Automotive Daily News'' in New York on August 27, 1925, by Slocum Publishing, with George Slocum as its Detroit advertising manager. The chief backer of ''Automotive Daily News'' was Bernarr Macfadden. In 1933, Slocum purchased the other investors' interests, moved the newspaper to Detroit, as well as switching to only publish on Wednesday and Saturday instead of five times a week. In June 1938 the Wednesday issue was discarded, and the June 4 issue was the first to use the name ''Automotive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mary Barra
Mary Teresa Barra (née Makela; born December 24, 1961) is an American businesswoman who has been the chair and chief executive officer (CEO) of General Motors since January 15, 2014. She is the first female CEO of a 'Big Three' automaker. In December 2013, GM named her to succeed Daniel Akerson as CEO. Prior to being named CEO, Barra was executive vice president of global product development, purchasing, and supply chain. Early life Barra was born in Royal Oak, Michigan to parents of Finnish descent. Her grandfather, Viktor Mäkelä, moved to the US and married Maria Luoma, a Finnish immigrant from Teuva. They lived in Mountain Iron, Minnesota, and had two children, including a son named Reino, called Ray. Barra's father, Ray, married a second-generation Finnish American named Eva Pyykkönen. Mary was born in 1961. Education Barra graduated from the General Motors Institute (now Kettering University) in 1985, where she obtained a Bachelor of Science in Electrical Engin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune (magazine)
''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the ''Fortune'' 500 that it has published annually since 1955, and in the ''Fortune'' Global 500. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
