Oct 24, 2017

Delphi buying self-driving car company

Delphi, the autoparts company, is buying self-driving car company NuTonomy for $400 million (plus $50 million in earn outs), the companies revealed on Tuesday. The purchase will double the number of people Delphi has working on autonomous vehicles to 200.

Why this matters: The acquisition is a clear bid to help the companies get ahead in the self-driving car race. In a similar spirit to General Motors' acquisition of Cruise last year, this deal unites a company on the car manufacturing side with an upstart that's been focused on the autonomous driving software side of things. Plus, the companies both already have pilots in Singapore and soon Boston. This is Delphi's second acquisition of an autonomous driving startup—it acquired Ottomatika in 2015.

Founded in 2013 as a spin-out from MIT, Boston-based nuTonomy has raised nearly $24 million in funding from Fontinalis Partners, Trucks Venture Capital, Highland Capital Partners, Signal Ventures, Bill Ford, and the government of Singapore, among others. The acquisition will not impact existing partnerships, such as nuTonomy's deals with Lyft and Grab.

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George Zimmerman sues Buttigieg and Warren for $265M

George Zimmerman in Sanford, Florida, in November 2013. Photo: Joe Burbank-Pool/Getty Images

George Zimmerman filed a lawsuit in Polk County, Fla. seeking $265 million in damages from Democratic presidential candidates Pete Buttigieg and Elizabeth Warren, accusing them of defaming him to "garner votes in the black community."

Context: Neither the Massachusetts senator nor the former Southbend mayor tweeted his name in the Feb. 5 posts on what would've been the 25th birthday of Trayvon Martin, the unarmed black teen Zimmerman fatally shot in 2012. But Zimmerman alleges they "acted with actual malice" to defame him.

4 takeaways from the Nevada Democratic debate

Photo: Mario Tama/Getty Images

The relative civility of the last eight Democratic debates was thrown by the wayside Wednesday night, the first debate to feature the billionaire "boogeyman," Michael Bloomberg, whose massive advertising buys and polling surge have drawn the ire of the entire field.

The big picture: Pete Buttigieg captured the state of the race early on, noting that after Super Tuesday, the "two most polarizing figures on this stage" — Bloomberg and democratic socialist Bernie Sanders — could be the only ones left competing for the nomination. The rest of candidates fought to stop that momentum.

Klobuchar squares off with Buttigieg on immigration

Buttigieg and Klobuchar in Las Vegas on Feb. 19. Photo: Mario Tama/Getty Images

Former South Bend, Ind., Mayor Pete Buttigieg went after Sen. Amy Klobuchar on the debate stage Wednesday for voting to confirm Customs and Border Protection Commissioner Kevin McAleenan and voting in 2007 to make English the national language.

What she's saying: "I wish everyone was as perfect as you, Pete, but let me tell you what it's like to be in the arena. ... I did not one bit agree with these draconian policies to separate kids from their parents, and in my first 100 days, I would immediately change that."