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Jaguar Land Rover Acquires Minority Stake In Car Technology Firm CloudCar

Jaguar Land Rover Acquires Minority Stake In Car Technology Firm CloudCar

Saturday, January 7, 2017, 11:00 AM

Britain’s biggest carmaker Jaguar Land Rover, said it would invest $15 million (£12 million) and acquire an unspecified stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models. CloudCar has been a supplier to JLR for several years. Jaguar plans to use the next generation of CloudCar’s technology in its first fully electric model.
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