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Verizon buys Telogis in connected vehicle market push

(Note/disclaimer: We are owned by Verizon, by way of AOL. This gives us no inside track whatsoever when it comes to news.) With a lot of tech companies and automakers staking their claims in the connected car space, now there are signs that others are looking to move in, too. Today, telecoms giant Verizon announced that it is acquiring Telogis, a California-based company that develops cloud-based solutions for mobile workforces, and specifically telematics, compliance and navigation software used by Ford, Volvo, GM and other car companies, as well as Apple and AT&T. Financial terms of the deal have not been disclosed, although we'll try to find out. Considering that Verizon in 2015 reported full-year revenues of $131.6 billion, the price would have to be very high to be considered "material" and may not be made public for some time, if ever. Telogis in its time as a startup raised a substantial amount of money, just over $126 million in all, including $93 million in 2013, supposedly ahead of an IPO, all from Kleiner Perkins Caufield & Byers. Back in 2013 when KPCB made its investment (which was the first from a VC firm in the company), Telogis told TechCrunch it was profitable and forecasting revenues of $100 million annually for the year. It's not clear what size those revenues are now, but if it was on the same growth trajectory as before the funding, sales would be around $150 million annually, with profitability, at the moment. Other investors include some very notable strategics: the investment arm of General Motors, and Fontinalis Partners, which also invests in Lyft and was co-founded by Bill Ford, the executive chairman of the Ford Motor Company. Before the acquisition, Verizon actually had a business in fleet management and telematics; in fact, the two companies competed against each other for business from the trucking and other industries. Verizon Telematics, as the business is called, is active in 40 countries. But in a way, Verizon buying Telogis is a sign that the latter may have proved to be the more superior, and the one with the key customer deals.

Next-gen Ford Cobra Jet development underway, but will it be a Mustang?

Ford might be stepping away from the NHRA, but it isn't abandoning drag racing altogether. Hot Rod says that Ford confirmed a next-gen Cobra Jet factory drag racer is in the works, but the report also speculates that a new Cobra Jet could switch away from the Mustang nameplate.
Even though talk of a new Cobra Jet coincides with the all-new 2015 Mustang, the lack of confirmation for the dragster's platform leaves Hot Rod to guess that the car might switch to another platform - specifically a front-drive-based, unibody car like the Fusion or Taurus. We'd hate to think of a world with a NASCAR-ized dragster from Ford Racing, but it's also highly unlikely that the Mustang Cobra Jet would step away from its quarter-mile rivals like the Chevy COPO Camaro and Dodge Challenger Drag Pak.

Ford drops Focus RS teaser ahead of Feb 3 reveal

Ford is trying to get us hyped for the unveiling of the latest Focus RS on February 3 with this new video teaser. The clip showcases the hot hatch doing some big slides in the wet and dry during testing in Europe and the US, and it definitely makes us even more curious about what the Blue Oval has in store with the RS. Even in this short teaser, Ford continues to dress the more aggressive nose of the Focus RS in camouflage, like the previous test cars. Unfortunately, what's going on under all of that concealment remains a bit of a mystery. Rumors suggest the RS likely uses a tuned version of the Blue Oval's 2.3-liter turbocharged four-cylinder estimated to make between 325 and 350 horsepower. A speculated torque-vectoring all-wheel-drive system should keep fears of torque steer at bay, and larger brakes on the test mules indicate that bringing it all to a halt shouldn't be a problem, either. We do know that the hotter Focus will be among the "more than 12" vehicles that the new Ford Performance division will develop through 2020, and the RS will come to the US for the first time. However, US-spec RS models will likely be imported from Europe, which will keep numbers here low and will mean prices estimated to be around $30,000 or more. Until the official specs become available, at least enjoy watching this hot hatch's ability to slide.