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Qualcomm Said to Make Binding Bid for Auto Tech Firm Veoneer

(Bloomberg) — Qualcomm Inc. has made a formal bid to buy automotive technology company Veoneer Inc. for more than $4 billion, beating a previous offer from Magna International Inc., according to people familiar with the matter.

The U.S. semiconductor company has formalized its offer of $37 a share, the people said, asking not to be identified discussing confidential information. Qualcomm is interested in Veoneer’s Arriver software unit, which helps cars perceive and make driving decisions, and would likely later divest the non-Arriver assets to private equity firms or other automotive companies, the people said.

Veoneer shares rose as much as 4.1% in U.S. trading. Representatives for Magna, Veoneer and Qualcomm declined to comment.

Crash-avoidance and hands-free driving technologies have become a hotly-contested battleground as automakers seek to boost prices and get the edge on rivals. Both global suppliers and chipmakers are positioning for growth in the market for advanced safety

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Chinese cars aren’t coming to America via HAAH as firm files for bankruptcy

This was the luxury SUV HAAH planned to sell under the new Vantas brand. It’s just a rebadged Chery.


Chery/HAAH

The promise of Chinese cars landing on US soil is, yet again, broken. Automotive News reported Monday HAAH Automotive Holdings, a big player hoping to import Chinese cars to the US, has filed for bankruptcy after a seven-year-long journey. The publication spoke with HAAH CEO Duke Hale, who delivered the news. HAAH did not immediately return Roadshow’s request for comment on the filing.

With the news, the US will not see the planned Vantas or T-GO brands HAAH wanted to launch in the US. The cars from both brands were to come from China’s Chery Automobile Company. HAAH first aimed to simply import the cars through a Chery joint venture, then pivoted last year to say it would actually build the cars in the US. The company never announced a

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Automotive e-commerce firm Vroom is expanding in D-FW, adding personalized concierge service

The used-car e-commerce platform Vroom has opened a new last-mile logistics facility in Dallas-Fort Worth aimed at making online car buying a little more personal.

With headquarters in New York and Houston, Vroom has delivered to Dallas-area residents since the company was founded in 2012. The new facility is in Euless, equidistant from Dallas and Fort Worth, and will allow the company to send a concierge employee along with your purchase to help you navigate the ins and outs of your new vehicle.

The facility will serve customers within a 70-mile radius, providing the enhanced service as far east as Quinlan and as far west as Mineral Wells.

Vroom declined to say how many employees it would have at the Euless facility or how many concierges it would hire.

Two years ago, Dallas and Orlando were the test markets for the concierge service, which the company said garnered high

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The carmaker aiming to become a tech firm

Hyundai's concept EV is called Prophecy
Hyundai’s concept electric vehicle (EV) is called Prophecy

For a few weeks this year, South Korean carmaker Hyundai was dusted with the Apple magic.

Last month Hyundai let slip that it was in talks with the maker of the iPhone to co-operate on a car project, but this week it said the talks were over.

However, this is by no means the end of Hyundai’s push into technology.

The car firm has been investing heavily in new technology with a string of partnerships, acquisitions and investments within the tech space.

Its takeover of robotics firm Boston Dynamics last year was a clear indication of the direction it is taking – into cutting-edge technology.

The whole auto industry has been forced to innovate as the move towards electric cars and autonomous vehicles accelerates.

Hyundai has been criticised in the past for lagging behind rivals in adopting emerging technologies but is

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