LG, HERE Technologies tie-up for self-driving cars
Seoul: LG Electronics Inc on Wednesday said it has inked an agreement with mapping solution provider HERE Technologies to tap deeper into self-driving automobile solutions.
The South Korean company said HERE, which provides navigation solutions to nearly 100 million automobiles around the globe, is a suitable partner for LG, which recently set its eyes on what it calls "connected cars", Yonhap news agency reported.
HERE's "HD Live Map" is capable of distinguishing street signs, street lamps and other obstacles on roads, a key technology needed for autonomous vehicles.
"Through the cooperation with HERE, which holds top-notch mapping technology, we will set a new standard of the communication solution installed in self-driving cars," LG Electronics was quoted as saying.
LG Electronics said it has been standing as the world's top player in the field of the telematics since 2013, which refers to solutions that combine various communications technologies for automobiles.
LG Electronics said its vehicle components division has been making quarterly losses due to its aggressive investment into the segment.
The vehicle components division posted an operating loss of $26.9 million in the third quarter.
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CM Stalin urges PM Modi to release Rs 3,112 cr pending Jal Jeevan Mission dues to TN
Chennai (PTI): Tamil Nadu Chief Minister M K Stalin on Friday sought Prime Minister Narendra Modi's intervention to release Rs 3,112 crore in pending dues to ensure completion of the ongoing Jal Jeevan Mission schemes in the state.
In a letter to Modi, Stalin pointed out that the Department of Drinking Water and Sanitation, Ministry of Jal Shakti, recently indicated that central assistance cannot be extended to the Hogenekkal Phase-III Combined Water Supply Scheme.
This comes despite the project receiving approval in June 2023.
"The scheme was approved in the State Level Scheme Sanctioning Committee of the Ministry of Jal Shakti on June 15, 2023, at a cost of Rs 8,428 crore, including the central government's Jal Jeevan Mission share of Rs 2,283 crore," he said.
