logo
Amazon's in-car software deal with Stellantis fails to boot

Amazon's in-car software deal with Stellantis fails to boot

TimesLIVE28-05-2025

Amazon's deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while bolstering their vehicle-tech credentials is 'winding down,' the companies confirmed after a Reuters inquiry.
The Stellantis SmartCockpit project, which would rely on Amazon's in-car technology, is the latest example of traditional carmakers struggling to work with Silicon Valley to introduce more sophisticated vehicle software.
'Stellantis remains a valuable partner for Amazon, and the companies continue to work together on a range of initiatives,' the companies said in a statement, adding that the decision to end their joint work on SmartCockpit was mutual.
The project between the Seattle tech giant and the maker of Jeeps, Peugeots and Alfa Romeos was hailed by the CEOs of both companies when it was announced in 2022. The two planned to develop features that would make the cars feel like an extension of home by detecting the driver and personalising settings such as the thermostat, navigation and even home automation, like turning on lights.
Stellantis had hoped Amazon's software expertise would help the global carmaker in the race against companies like Tesla and China's BYD. And for Amazon it was meant to serve as a prototype for a wider rollout to more carmakers.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt's net foreign assets retreat in April after March jump
Egypt's net foreign assets retreat in April after March jump

TimesLIVE

time6 hours ago

  • TimesLIVE

Egypt's net foreign assets retreat in April after March jump

Egypt's net foreign assets (NFAs) fell by $1.5bn (R26.71bn) in April, central bank data showed on Wednesday, retreating from March, when the approval of the fourth review of the country's International Monetary Fund (IMF) programme sparked a jump. NFAs slid to the equivalent of $13.54bn (R241.08bn), from $15.08bn (R268.50bn) at the end of March, according to Reuters calculations based on official central bank currency exchange rates. In March NFAs jumped by $4.9bn (R87.25bn) after the IMF approved the disbursement to Egypt of $1.2bn (R21.37bn) after completing its review of the country's $8bn (R142.44bn )economic reform programme. The IMF also approved a request for a $1.3bn (R23.15bn) arrangement under the IMF's resilience and sustainability facility. The approvals led to an inflow of foreign investment in Egyptian pound treasury bills, bankers said. Egypt had been using foreign assets, which include assets held by both the central bank and commercial banks, to help prop up its currency since as long ago as September 2021. Net foreign assets turned negative in February 2022 and only returned to positive territory in May last year. Foreign assets increased in April at both the central bank and commercial banks, while foreign liabilities fell at both as well.

Libya's eastern-based parliament passes budget for development fund
Libya's eastern-based parliament passes budget for development fund

TimesLIVE

time7 hours ago

  • TimesLIVE

Libya's eastern-based parliament passes budget for development fund

Libya's eastern-based parliament voted on Tuesday to approve a budget for its development and reconstruction fund, a parliament spokesperson and member said, although it is unclear if the money will be forthcoming given the country's divisions. The budget of 69-billion Libyan dinar (R225bn) will be spread equally over three years, lawmaker Tarek Jroushi told Reuters, adding that the funds will be overseen by the parliament. Parliament spokesperson Abdullah Blheg earlier announced the approval of the budget in a post on X, without disclosing the budget amount. The fund, established in February last year by the eastern-based House of Representatives, has independent financial status, according to the parliament gazette. However, it is unclear if the governor of the Tripoli-based Central Bank of Libya, Naji Issa, will hand over the money for the fund.

A new era for online shopping as Amazon expands product range in South Africa
A new era for online shopping as Amazon expands product range in South Africa

IOL News

time11 hours ago

  • IOL News

A new era for online shopping as Amazon expands product range in South Africa

Amazon has expanded its product offerings in South Africa, introducing groceries, pet food, and health supplements to compete with established retailers Image: File Just more than a year after landing on South African shores with a . domain, Amazon has expended its product range to take on entrenched retailers who have had a virtual presence since the COVID-19 lockdown spurred online and app-based shopping. started as a bookseller in 1995 out of founder Jeff Bezos's garage and, at launch last May, was set to compete with Takealot, and Makro. And now it's playing in the food and over-the-counter medicinal product space. In what the company said on Wednesday is a 'major milestone in Amazon's growth in South Africa,' it stated that it had added groceries, pet food, vitamins, and supplements to its offerings. Adding these categories, it said, 'brings thousands of new non-perishable food items, pet food products, and health supplements to customers across the country'. Amazon's new selection includes both international favourites like Nestle, Red Bull, and Starbucks, and beloved local brands like Beacon, Simba, and Koo, catering to the diverse needs of South African households. The e-tailer, which is globally the fourth most valuable company with a market capitalisation of $2.18 trillion, operates local websites in various countries, including Australia, Canada, India, and Mexico. The 2024 World Wide Worx report, sponsored by Peach Payments, Mastercard and AskAfrika, shows that South Africa's online retail surged to R71bn in 2023, with projections that it will surpass R100bn by 2026. Robert Koen, Amazon MD for sub-Saharan Africa, said, 'since our launch, we've been listening closely to customer feedback, and groceries, pet supplies, and health supplements have consistently been among their top requests'. Early data indicates strong customer interest across all three categories. In groceries, coffee, tea, cereals, pasta, cooking oils, and canned goods are emerging as top sellers. The pet food selection, which includes options for dogs, cats, birds, fish, and small animals, has seen particular demand for premium pet nutrition brands and specialty formulations, said Amazon. Amazon added that the vitamins and supplements category has attracted health-conscious consumers with its comprehensive range of multivitamins, minerals, sports nutrition, and specialty supplements. On launch, the e-tailer said it sought to support local independent companies and, to this end, hosted its inaugural Seller Summit, bringing together over 300 local entrepreneurs at its Cape Town headquarters last month. More than 60% of global Amazon sales stemming from independent sellers. This was preceded, last September, by 'Shop Mzansi', a curated storefront on showcasing unique local products that reflect South Africa's rich and diverse cultures. 'Shop Mzansi' features thousands of products across different categories – including toys, home and kitchen appliances, outdoor and braai, baby, luggage, and beauty. 'Shop Mzansi showcases more than 160 brands from new, emerging, and established South African businesses, each with their own unique story,' Keon said at the time. He added that it will continue adding to the Shop Mzansi selection as it onboard more sellers and helps them list their products. More than 60% of sales in Amazon's stores globally are from independent sellers – most of which are small- and medium-sized businesses. IOL

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store