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Apr 19, 2019

On April 18, 2019, Toyota Motor Corp., DENSO Corporation and the SoftBank Vision Fund (SVF) announced that they will invest USD 1 billio in Uber Technologies Inc.'s Advanced Technologies Group (Uber ATG).
The investment, in a newly formed ATG corporate entity, aims to accelerate the development and commercialization of autonomous ridesharing services. Under the terms, Toyota and DENSO will together invest USD 667 million and SVF will invest USD 333 million, valuing the new Uber ATG entity at USD 7.25 billion on a post-money basis. The transaction is expected to close in Q3 of calendar year 2019.
Toyota invested USD 500 million in Uber in August 2018, when the two companies announced their intention to bring pilot-scale deployments of automated Toyota Sienna-based ridesharing vehicles to the Uber ridesharing network in 2021.
Today's further investment and expanded partnership builds upon the progress made to date, deepening the companies' collaboration in designing and developing next-generation autonomous vehicle hardware. It will also prepare the companies and industry for mass production and commercialization of autonomous ridesharing vehicles and services. Toyota will also contribute up to an additional USD 300 million over the next three years to help cover the costs related to these activities.
(From Toyota press release on April 19, 2019)

Apr 19, 2019

On April 17, Hyundai introduced its all-new eighth-generation 2020 Sonata at the New York International Auto Show.
Based on Hyundai’s innovative third-generation vehicle platform, production of the 2020 Sonata starts in September 2019 at the company’s plant in Montgomery, Alabama, and retail sales begin in October.
The 2020 Sonata represents Hyundai’s new focus on creating emotional value using technology, proportion, and styling that includes a chrome strip with graduated LED Daytime Running Lights embedded with Hidden Lighting Lamps.
Customers can choose between a 2.5-liter GDI engine that produces 191 hp and 181 lb-ft of torque, and a 1.6-liter turbocharged T-GDI engine that produces 180 hp pand 195 lb-ft of torque, both mated to an eight-speed automatic transmission.
The 2020 Sonata is equipped with Hyundai’s latest SmartSense advanced driver assistance systems that use three radar sensors, 12 ultrasonic sensors and five cameras to support standard Forward Collision-Avoidance Assist, Lane Keeping Assist, and Advanced Smart Cruise Control with Stop and Go features and optional Highway Driving Assist.
The 2020 Sonata supports Hyundai’s Digital Key, which utilizes Near Field Communication (NFC) technology, via a dedicated smartphone app.

(Hyundai press release on April 17, 2019)

Apr 19, 2019

On April 17, Kia Motors America unveiled the fully-electric, all-wheel drive, four-seat HabaNiro concept with an all-electric range of more than 300 miles, a level-five autonomous mode, and butterfly wing doors at New York International Auto Show.
Designed in its California studio, Kia describes the HabaNiro as an all-electric Everything Car or ECEV – commuter, crossover, sport utility, state-of-the-art technology workroom and adventure vehicle.
The HabaNiro is 171 inches long, 77 inches wide and 63 inches high, with a wheelbase of 111.5 inches.
Its e-AWD system consists of two electric motors, fore and aft, and advanced battery technology.
When HabaNiro’s part-time level-five autonomous driving system is engaged the steering wheel and instrument panel retract forward to provide more room for the front occupants.
The HabaNiro’s interior features a heads-up display, 180° rearview video display in place of physical mirrors, full windshield entertainment video system with surround sound, 3D speed readout display, full width acrylic touch panel with Sensory Light Feedback (SLF) with Technical Option Sharing System (TOSS), and AI-based R.E.A.D. technology Eye Tracking System (ETS) that enables 180° rearview video display when it senses the driver is looking upward.
HabaNiro’s occupants are kept comfortable by a slim Perimeter Ventilation System (PVS) that quietly and evenly blows a curtain of air throughout the cabin.

(Kia press release on April 17, 2019)