Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul

Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul

Porsche is closing three of its subsidiaries as it copes with falling sales and declining profits, the German automaker announced Friday. The automaker’s battery subsidiary, Cellforce Group, is perhaps the highest-profile casualty. The division had already been through a “realignment” in August after Porsche dropped plans to make its own batteries, turning Cellforce into a…

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Uber wants to turn its millions of drivers into a sensor grid for self-driving companies

Uber wants to turn its millions of drivers into a sensor grid for self-driving companies

Uber has a long-term ambition that goes well beyond shuttling passengers: the company eventually wants to outfit its human drivers’ cars with sensors to soak up real-world data for autonomous vehicle (AV) companies — and potentially other companies training AI models on physical-world scenarios. Praveen Neppalli Naga, Uber’s chief technology officer, revealed the plan in…

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