TIER IV, a specialist in open-source software for autonomous driving, has secured a credit facility worth US$7 million (¥1 billion) from Sumitomo Mitsui Trust Bank (SMTB), one of Japan's leading trust banks. The facility provides flexible funding to meet working-capital needs arising from TIER IV's domestic and international expansion. It will support the wider rollout of the company's autonomous driving services, paving the way for the next stage of growth, it says. Building on its advanced autonomous d ...

Group 1 - Uber Technologies, Inc. shares fell by 4.99% to $92.95 as investors reacted to Lyft's partnership with Waymo for autonomous driving expansion in Nashville [1][2][4] - Lyft's partnership with Waymo will allow riders to book fully autonomous vehicles through the Waymo app, with availability on the Lyft app starting in 2026 [4] - The agreement includes Lyft constructing a dedicated AV fleet management facility, which investors perceive as a competitive threat to Uber, given Waymo's affiliation with a major technology company [4]