Transport Topics
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The autonomous technology gap between Ford Motor Co. and its rivals from Detroit and Silicon Valley can be measured in years. Yet even a company playing catch-up in the race to turn self-driving technology into high-margin businesses is drawing interest from outside investors, an indicator of just how much money is pouring in.
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An update of federal guidelines on autonomous technology that would encompass trucks, transit systems, infrastructure, cars and other modes of transportation will emphasize safety, the country’s top transportation officer said Aug. 8.
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U.S. wholesale prices were unchanged in July as costs for services fell for the first time this year, a Labor Department report showed Aug. 9.
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Kodiak Robotics, founded in April by Don Burnette and Paz Eshel, said it has raised $40 million from a group of venture capital investment firms, including Battery Ventures, CRV, Lightspeed Venture Partners and Tusk Ventures.
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