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Ford plans ‘autonomous’ leap from driver’s seat

  Bloomberg Ford Motor Co., which put the world on wheels a century ago, is now taking the driver out of the driver’s seat. The company said it plans to have a fully autonomous vehicle — no steering wheel, no gas or brake pedals — available by 2021 for ride-hailing services. “We see the autonomous car changing the way the ...

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China electric-car maker WM raises $1bn

  Bloomberg A former top executive behind China’s biggest acquisition of an overseas carmaker is setting out to make history twice, raising $1 billion in an initial fundraising round as the latest homegrown electric vehicle startup to challenge Tesla Motors Inc. Freeman Shen left Volvo Cars owner Zhejiang Geely Holding Group Co. in 2014 and last year founded WM Motor, ...

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Blockchain pitched as way to simplify FX trading databases

  Bloomberg A year-old technology firm wants to simplify currency markets by streamlining the way trading data is stored using blockchain-based technology. Cobalt DL, a London-based firm created last year by former Traiana Inc. Chief Executive Officer Andy Coyne, announced Wednesday that it began beta testing on a distributed ledger network, which the firm hopes can cut post-trade costs and ...

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