Jeep's parent company is committing $33+ billion to software, EV development through 2025

Stellantis, the company formed by the Fiat Chrysler-Groupe PSA merger earlier this year, will invest $33 billion over the next four years in an effort to boost their software-enabled products portfolio.

"Our electrification and software strategies will support the shift to become a sustainable mobility tech company to lead the pack, leveraging the associated business growth with over-the-air features and services, and delivering the best experience to our customers," Stellantis CEO Carlos Tavares said in a press release.

Through the Mobile Drive joint venture between Stellantis and Foxconn, STLA SmartCockpit integrates navigation, voice assistance, e-commerce marketplace and payment services into what the company calls a"customizable third living space."Stellantis Shares Electrified Vehicle Plans for Jeep, Ram, Dodge

The Society for Automotive Engineers defines Level 2 autonomy as driver assist technology that provides hands-on steering and braking/acceleration support to the driver. Level 3 autonomy allows a vehicle to drive itself in limited conditions with software not allowing the technology to work unless all conditions are met.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ford partners with Salesforce to expand software businessFord Motor Co said Tuesday it plans to launch a new subscription software service aimed at small businesses, in collaboration with enterprise software company Salesforce.com Inc . $NVAX nvax Novavax novavax UP 28% 🤑 CNBC CNBC Hi ! let's do it together - ESG blockchain revolution - technological, social, evolutionary: transformation scheme based on the example of the carbon credits market Ew. salesforce not a cute look for y’all, at all — Ford is a KNOWN supporter of many MANY negative causes, largely ones that have to do with breaking up gay marriage, ending open immigration, amongst other things. If corporations really ARE to be treated as ppl, Ford 👎🏼 0/10…
Source: Reuters - 🏆 2. / 97 Read more »