Silicon Valley News Update
Week Ending March 10, 2017
This week we saw some interesting developments across the Automotive ecosystem and beyond. Some are some key highlights:
- Baidu rumoured to invest in NextEV solidifying autonomous car strategy. Read More
- How Ford will create a new generation of driverless cars. Read More
- Global IoT Security Market will increase to $464 Million in 2020. Read More
- Volkswagen CEO says not open to merger talks with Fiat Chrysler. Read More
- Cars need digital safety standards too. Read More
- Hungarian start-up claims to have LIDAR-less autonomous driving technology. Read More
- Tesla to finally close the door on Silevo. Read More
- Peugeot reaches deal to buy European brands from General Motors. Read More
- Toyota unveils its first self-driving car. Read More
- Volkswagen unveils Sedric, its first fully autonomous vehicle. Read More
- How to invest in self-driving cars ahead of the boom. Read More
- Forget Uber: How Lyft can win raising another $500 million for self-driving cars. Read More
- Ford’s dozing engineers side with Google in full autonomy push. Read More
- Starsky Robotics unveils a self-driving truck that could kill Uber subsidiary Read More
- How Tesla created an opportunity for Bentley Motors to go electric. Read More
HMP Commentary:
This month we continue to observe the powerful concept of autonomous cars and the commitment of more companies to establish an automotive industry safety standard, among them we noted: Ford, Toyota, Tesla, Volkswagen and Bentley Motors. These safety issues are becoming “front and center” as cars are getting more connected. The competition between the two major ride-sharing companies: Lyft and Uber is growing everyday while General Motors is selling its two major European brands to French automaker PSA Group. New partnerships have been announced: the Chinese giant Baidu plans to invest in the country’s electric car maker NextEV and Ford is working closely with Google. Finally, Tesla is no longer associated with Silevo.
About Harvest Management Partners LLC:
Harvest Management Partners LLC is a Silicon Valley based investment bank, specializing in company financial assessment, advisory services, plan of action development, strategic marketing, and worldwide negotiation of mergers and acquisitions. Since 2010, Harvest Management Partners has assisted over 40 technology clients within the software, semiconductor, security, IP and automotive electronics sectors. They are also the exclusive Silicon Valley advisors for Fiat Chrysler Automotive (NYSE: FCAU) and TE Connectivity (NYSE: TEL). With a combined history of 60+ years of direct operational experience and relationships with venture capitalists and C-Level executives worldwide, Harvest Management Partners is well positioned to provide a comprehensive set of unique services for their clients. For more information, visit www.harvestmp.com