Bosch to buy California microchip maker TSI Semiconductors, invest $1.5 billion
Bosch plans to acquire a California microchip maker and invest around $1.5 billion in it to help meet growing demand for silicon carbide chips in electric vehicles.
VinFast announces a $2.5 billion infusion from founder, Vingroup
Vuong, Vingroup’s founder who in 2019 said he would commit $2 billion of his wealth to VinFast, will personally give $1 billion to VinFast within the next year.
GM axing CarPlay is part of a larger automaker battle over control and revenue
GM is joining Tesla and Rivian in not including Apple CarPlay in vehicles. Automakers hope to build a new revenue stream by selling subscriptions through the infotainment center.
Penske Automotive Q1 earnings drop on record revenue
Penske Automotive’s Q1 retail automotive same-store service & parts revenue was $643 million, up 10 percent from the same period a year ago.
Robocop BBot will ‘walk’ the beat at Orange County Convention Center
The robot’s debut next month does not signal the AI takeover just yet, convention center leaders say.