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VW poaches Apple exec Alexander Hitzinger for its selfdriving car program

first_img Share your voice reading • VW poaches Apple exec Alexander Hitzinger for its self-driving car program See All 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Sep 1 • iPhone 11, Apple Watch 5 and more: The final rumors Meet the VW I.D. Vizzion concept: Steering wheel not included Aug 31 • Best places to sell your used electronics in 2019 Post a comment 2020 Hyundai Palisade review: Posh enough to make Genesis jealous Tags Apple More From Roadshowcenter_img 2020 BMW M340i review: A dash of M makes everything better Car Industry Auto Tech Volkswagen Enlarge ImageAlex Hitzinger is making the jump back to the Volkswagen group after a stint at Apple’s Project Titan. Hoch Zwei/Getty Images The folks over at Volkswagen have been headhunting lately and their latest catch is former Apple exec Alexander Hitzinger. He’s slated to head up technical development for Volkswagen’s commercial vehicles division as well as its self-driving car and mobility-as-a-service programs, according to a report published Wednesday by Reuters.Hitzinger is no stranger to things at the Volkswagen group having previously done a stint at Porsche as technical director of its LMP1 prototype racing program. He’s also worked in Formula 1 with Red Bull Racing. His position at Apple saw him working on its Project Titan self-driving car program.Volkswagen’s acquisition of Hitzinger is a sign that the German giant is working to keep up with the more agile self-driving car startups from Silicon Valley. The company has been throwing its considerable resources — to the tune of $50 billion — at electric and autonomous vehicles since it was outed for diesel emissions cheating.Volkswagen has debuted a number of electric and autonomous concept vehicles over the past year including I.D. Crozz and I.D. Vizzion. It’s also working on a low-cost electric hatchback that it says will retail for under $23,000, though this may not come to the US. Porsche Volkswagen Apple • Aug 31 • Your phone screen is gross. Here’s how to clean it Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? 52 Photos 0last_img read more

Developers cant take investors for a ride Apex Court

first_img“You cannot be holding back money of investors who do not want to be relocated in other projects… Developers can’t take investors for a ride. If they want refund of their investments, can we deny them this relief,” a bench headed by Chief Justice HL Dattu said. Terming it a victory of the investors, office bearers of RWA Emerald Court, the welfare association which had moved the court against the wrong doing, said that the guilty persons must be punished. Also Read – Company director arrested for swindling Rs 345 crore“The court’s order is in pursuance of Allahabad High Court which has already declared construction of twin towers as illegal. As the high court has prosecuted the guilty, we hope the same from the apex court in the next hearing. With the order to return the whole amount with annual compound interest, our stand has been proved, finally,” said Vashisth Sharma, an office bearer.The court in its order said: “We direct the respondent (Supertech) to refund the amount sought by the petitioners. Principal amount shall be paid in 30 days,” the bench, which also comprised Justice A K Sikri, stated. The apex court also directed the company to refund the interest within 60 days after the principal amount is paid to the investors. Also Read – Man who cheated 20 women on matrimonial websites arrestedEarlier, it had directed Supertech to give back money within a month to the flat owners who had sought refund of their investments, after the 40-storey residential twin towers Apex and Ceyane in Noida were directed to be demolished by the Allahabad High Court.Holding that flat owners cannot be forced to remain in a limbo and wait indefinitely due to litigation, the bench had also directed the company to pay compound interest at the rate of 14 per cent per annum to the allottees by the end of October, 2014. It had turned down the plea of Supertech which had contended that it was not in a position to pay back the money as the interest part has grown more than the principal. The price of the flats, located in the outskirts of Delhi, ranged from Rs 65 lakh to Rs 1.25 crore.last_img read more