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ARTICLE · 23 DECEMBER 2020

Smarter Cars: Automakers Experiment With Chips That Think Like Humans

Crowe
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Online auto marketplace CarGurus.com made a major push into wholesale vehicle sales Thursday, announcing an agreement to purchase a 51% stake in CarOffer...

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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CARGURUS.COM ENTERS USED MARKET

Online auto marketplace CarGurus.com made a major push into wholesale vehicle sales Thursday, announcing an agreement to purchase a 51% stake in CarOffer, a web-based wholesale trade platform. Under the agreement, CarGurus, based in Cambridge, Mass., will have the option to buy the remaining equity in CarOffer over the next three years. The move is significant as rising transaction prices of new vehicles have put them out of reach for many consumers who have turned, instead, to used car lots.

Source: Forbes

HYUNDAI MOTOR GROUP INTRODUCES DEDICATED FUEL CELL BRAND

South Korean automaker Hyundai Motor Group on Thursday said it is launching a brand dedicated to its hydrogen fuel cell system in a move meant to boost that business. Hyundai Motor Group, which includes Hyundai Motor Co and Kia Motors Corp, said the name ‘HTWO' stands for the hydrogen molecule, h3, as well as “hydrogen” and “humanity.” Hyundai said it is stepping up

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