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Added on the 13/01/2020 07:28:06 - Copyright : Auto Moto EN
General Motors gained as much as 8.9% to a record high on Tuesday. The gain comes on news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft. Microsoft joins a number of companies in a $2 billion funding round for Cruise. Tuesday's price is a record-high for GM since it emerged from bankruptcy at the end of the Great Recession. The partnership will accelerate the commercialization of self-driving vehicles. It brings together the two companies' software and hardware engineering expertise, cloud computing capabilities, and manufacturing knowledge.
A new Chinese car company called Redspace unveiled the innovative REDS prototype model at the 2017 Los Angeles Auto Show on Wednesday, designed by former BMW Design Chief Chris Bangle. The cubical-shaped car was designed in particular for the gruelling traffic of Chinese megacities, and comes with a 17-inch screen and rotating seats for those bumper to bumper moments. The strange windshield might not be the most aerodynamic, but it's set to offer an excellent view.
Electric car lovers and green activists need to take note of the Rinspeed Oasis, a self-driving concept car designed by German supplier and drive engineering company ZF and showcased at the North American International Auto Show (NAIAS) in Detroit, Tuesday. The Rinspeed Oasis comes with a garden integrated under the bonnet of the vehicle, making it the 'greenest' concept we've ever seen. The project is the result of a collaboration between ZF, which supplied the car's technological components, and the Swiss automotive industry think tank Rinspeed, which owns the idea around the Rinspeed Oasis. The concept car is not actually planned for manufacture, but was instead designed to inspire the auto industry.
Volkswagen presented their new electric car, dubbed the I.D., at the 2016 Paris Motor Show at the Porte de Versailles exhibition centre on Wednesday. The I.D. is expected to be available to consumers in 2020 and Volkswagen has announced that an autonomous driving option will become available in 2025. The five-door hatchback with rear-wheel drive has an electric motor positioned at its tail, freeing up space at the front of the vehicle and providing a motor output of 168 horsepower. The car is expected to be able to travel between 250 to 375 miles on a single charge and has options for wired and wireless fast charging capabilities.