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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
French President Macron concludes Mumbai visit
Mumbai (PTI): French President Emmanuel Macron, along with First Lady Brigitte Macron, left Mumbai for New Delhi on Wednesday after concluding his engagements here, including bilateral talks with Prime Minister Narendra Modi.
They were seen off at Chhatrapati Shivaji Maharaj International Airport by Maharashtra Governor Acharya Devvrat, Chief Minister Devendra Fadnavis and Deputy CM Eknath Shinde.
On Tuesday, Macron held discussions with Modi as part of efforts to further strengthen India-France strategic ties.
During the Mumbai visit, the French president and his wife also met some of India's top filmmakers and actors, and had an animated exchange with them about cinema, culture and collaboration.
President Macron is on an official visit to India from February 17 to 19 at the invitation of PM Modi to participate in the AI Impact Summit hosted by India in the national capital Delhi, besides the bilateral summit in Mumbai.
PM Modi will inaugurate the summit on February 19. As many as 20 heads of states, including French President Macron, will be present at the inaugural session, Electronics and IT Secretary S Krishnan said.
