Tag: amazon

By on February 10, 2021

Rivian Automotive is seeking to go public in the fall and targeting a valuation of at least $50 billion, according to the latest reports. The all-electric startup company, supported by Amazon and the Ford Motor Company, has already amassed around $8 million from investors and was valued at $27.6 billion less than a month ago.

While we couldn’t possibly say what it’s actually worth, burgeoning EV manufacturers have performed incredibly well on the stock market lately. Rivian would almost assuredly see its valuation balloon to the targeted sum through an initial public offering. It already has a product line, 3,600 employees spread between the Midwest and California, some serious marketing under its belt, and a relatively strong relationship with a few of the world’s largest companies. We’ve seen more done with far less on Wall Street.  (Read More…)

By on February 8, 2021

 

Mitsubishi

As the 2022 Mitsubishi Outlander ships to U.S. dealers, there will be a live reveal on Amazon, an auto industry first. On February 16 at 3 p.m. Pacific time, you can see the newly-designed 2022 Outlander.

(Read More…)

By on February 4, 2021

Amazon

Amazon’s founder and CEO Jeff Bezos announced today that he will transition to Executive Chair in the 3rd quarter of 2021, with Andy Jassy to replace him as CEO at that time.

(Read More…)

By on December 23, 2020

After a COVID-induced delay of several months, Amazon finally released The Grand Tour’s new episode “A Massive Hunt” on December 17th. Its intended release date was the 18th, but someone at Amazon decided to foist the episode on an unsuspecting public a day early.

What a dumpster fire.

(Read More…)

By on December 15, 2020

Zoox, Amazon’s self-driving vehicle startup purchased over the summer, revealed a prototype robotaxi on Monday. The urban EV adheres to the familiar shuttle philosophy that has brought boxy mobility solutions to numerous towns around the globe. While these pilot programs have had mixed success at best, corporations see them as part of an on-demand future where everything is available by app.

Designed and manufactured in the United States, the Zoox vehicle is purpose-built for autonomy and offers bidirectional driving capabilities and four-wheel steering. However, we would be lying if we said the concept seemed terribly different from the earlier prototypes offered by May Mobility, Jaguar Land Rover, and over a dozen other companies that may not fit quite as neatly into the startup or legacy automaker pigeon holes.

(Read More…)

By on December 8, 2020

On Tuesday, BMW announced it would be partnering with Amazon Web Services (AWS) to develop a cloud-based IT solution allowing it to integrate data and analytics into literally every aspect of the business “from vehicle development to after-sales services.” The automaker said data will now be shifted around liberally between business units and operations in over a hundred countries to help create a more fluid and responsive way of doing business. BMW to hire and train up to 5,000 software engineers in the latest Amazon tech to “empower” its workforce to manage the data.

Though some of that will be handled independently by artificial intelligence. Along with the physical construction of the necessary data hub, the company plans on certifying roughly 2,000 in machine learning and data analysis. If that sounds a bit technical and vague, just imagine BMW building Skynet from the Terminator films and actually getting some decent work out of it before it decided to exterminate humanity.

(Read More…)

By on June 27, 2020

Always eager to slash delivery costs — especially if the government opts to stop subsidizing the company via the U.S. Postal Service — Amazon has been getting chummy with EV startups. It’s also begun exploring new business opportunities in regard to food delivery and ride hailing, resulting in sizable investments into both sectors.

On Friday, Amazon announced it will acquire California-based Zoox to help it further those goals. Coming off a staffing reduction of about 10 percent to contend with the pandemic, the company is currently focused on delivering an symmetrical, self-driving, zero-emissions vehicle that can compete on the currently nonexistent robo-taxi market. While the world’s 13th largest company (by revenue) seems like it would make good use of the property to advance its autonomous delivery program, corporate messaging seems to indicate Amazon is more interested in Zoox’s expertise in people moving.  (Read More…)

By on June 24, 2020

Following reports that Rivian might decide to move a large portion of its operations out of Michigan, news has reached us that it’s all but abandoning the Mitten State for sunny California.

Starting its life as Avera Motors in Florida back in 2009, the EV startup moved to Plymouth, Michigan in 2015 to poach talent from the Big Three and lay down some roots. However, the company doesn’t appear to have wormed its way into the soil all that deeply. It now plans to move a sizable portion of its operations to Irvine, California, with some employees heading to its plant in Normal, Illinois, to prepare for production.

This has got to be a slap in the face for some Michigan residents, since many were instrumental in the development of Rivian’s first models. The business fired a gaggle of people at its engineering and design center near Detroit at the start of June, only to slot in a couple of high-paid executives. Now it’s starting to look like it may pull up stakes and skip town. (Read More…)

By on December 26, 2019

An electric vehicle platform many can’t wait to get their hands on continues to make Rivian the upstart automaker to watch. The fledgling, Michigan-based automaker just closed a $1.3 billion investment round led by T. Rowe Price Associates, Inc. — pushing the company’s 2019 take to $2.8 billion.

With two utility vehicles on the way and a pledge to license its EV architecture to anyone willing to pay for it, Rivian’s big-buck backing from the likes of Ford, Amazon, and Cox Automotive was just the start. (Read More…)

By on September 19, 2019

Amazon

Isn’t Rivian the popular thing these days? Courted by Amazon and Ford with investments of $700 million and $500 million, respectively, the Michigan-based EV startup recently gained a cash infusion from Cox Automotive.

Now, that very first investment is bearing fruit — 100,000 pieces of it, promised for a three-year delivery window. (Read More…)

By on July 15, 2019

Amazon is striving to put Alexa, the home assistant/listening device, into more automobiles in the coming years. As a result, the company is working feverishly to enhance her vehicular-related capabilities — including wriggling her way into the embedded software systems of new cars.

On the surface, it sounds great. Networking your car with your smart home device opens up a bevy of new conveniences and Alexa should also help your car get better at understanding everyday voice commands. In the future, you’ll be able to order groceries, check the stock market, call the office, and adjust the thermostat of your house and car without ever having to take your hands off the steering wheel. But this also opens up a bevy of concerns, now that we know Amazon’s employees listen to and record pretty much everything you say to the device — sometimes doing the same for background conversations that were never intended for Alexa’s ears.  (Read More…)

By on April 30, 2019

With e-commerce being the new hotness for automakers, Ford is busy working to grow FordPass as a service. Though slow to start following its 2016 launch, the company had done a decent job of expanding its utility — it seems every time we speak to someone at Ford, there’s a new feature about to be implemented. One of the biggest upgrades brought Amazon’s Alexa into Ford vehicles as a voice-enabled digital assistant — a feature used by other automakers.

Ford now plans to further expand FordPass (and its partnership with Amazon) by allowing in-car deliveries via Key by Amazon. It also says it will enable customers to order traveling car washes from Spiffy, Rub A Dub and Sparkl — likely to highlight how FordPass and Lincoln Way can be integrated with other apps, hopefully resulting in new business opportunities.  (Read More…)

By on February 15, 2019

The whisperings from earlier this week panned out, but only partway. Amazon, the e-commerce giant that’s probably sending a cookbook to your neighbor’s house as you read this, is leading a $700 million investment in Michigan-based automotive startup Rivian.

What’s missing from this news is General Motors, which, according to sources who spoke to Reuters and Bloomberg earlier in the week, was looking to sink its own cash into the company.  (Read More…)

By on August 9, 2018

Amazon Alexa ford center

You’re likely familiar with Amazon’s cloud-based virtual home assistant Alexa. She’s the little voice that lives inside the Echo, a device which allows consumers to manage their calendar, set alarms, create a shopping list, adjust the thermostat, play music, and a multitude of other functions all via voice command. However, if you’re anything like me, you probably just ask Alexa to tell you bad jokes and read the morning news.

Alexa has found her way into cars lately — most notably those produced by Hyundai, thanks to a partnership with Amazon. But it looks like she’s about to find her way into a whole bunch more. On Thursday, Amazon announced the Alexa Auto Software Development Kit, which provides developers a way to easily integrate all of Alexa’s functions into automotive infotainment systems. (Read More…)

By on July 18, 2018

2018 Hyundai Kona Rear - Image: Hyundai
Yesterday was Amazon’s self-proclaimed shopping holiday — “Prime Day” or, as we like to call it, “the Lonesome Christmas.” But you already knew that, because our corporate overlords mandated a reminder necessary to help procure the revenue that yields us the modestly priced vehicles and canned soups we’ve become accustomed to.

Unfortunately, if you were surfing the website in the hopes if finding a good deal on an automobile, you were out of luck. Amazon didn’t have cars as of yesterday, but it’s making swift progress on that. The digital retailer launched a research site in 2016 that allowed customers to gather information while amassing auto parts, accessories, and tools — which can be purchased and delivered to your home.

The site is now taking things a step further, adding real cars. As of July 18th, its partnership with Hyundai extends beyond just Alexa integration via the automaker’s Blue Link technology. Amazon Vehicles promotes actual, physical cars, allowing you to browse and customize them much like you would a pair of pants, via a virtual showroom.  (Read More…)

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