Transportation

Toyota's president, Akio Toyoda, surprised the automotive world this week by announcing he would resign his position and hand the reins over to Koji Sato, who currently helms the company's Lexus and Gazoo Racing divisions. But Toyoda isn't going far. The 66-year-old isn't retiring o

Tesla CEO Elon Musk is facing scrutiny by the U.S. Securities and Exchange Commission (SEC) regarding his specific comments and efforts to promote the automaker’s claims regarding its “self-driving” capabilities, Bloomberg reports. The SEC investigation into Musk is part of its ov

Finn, the Munich-based car subscription startup, is expanding beyond individual consumer rentals in the U.S. and into long-term business rentals. Car subscriptions offer flexibility, maintenance, roadside assistance and, in many cases, delivery of the vehicle directly to your door, and all for arou

Around a year ago, Tier Mobility was winning the shared micromobility game. Fueled by its $200 million Series D fundraise in October 2021, the company went on to acquire three other micromobility operators and a computer vision startup, giving it access to e-bikes — a reach that extended beyond E

Tesla just beat Wall Street revenue estimates for the fourth quarter of 2022. The company closed out Q4 with $24.3 billion in revenue, a 37% increase from the same quarter last year and a 13% bump quarter-over-quarter. Analysts had expected the company to earn around $24.2 billion, according to Yah

The growth keeps coming for Tesla’s energy storage business. On Wednesday, the automaker said its home and utility-scale battery deployments reached 6.5 gigawatt hours (GWh) during its fiscal 2022, calling it “by far the highest level of deployments we have achieved.” That’

Madrid has renewed the operating licenses for scooter-sharing services in the city. The city council has chosen three operators for the next three years — Dott, Lime and Tier. This trio of companies will sound familiar as these companies also won tender processes in several European cities in rec

Suneeta Kohli, a female Uber driver in New Delhi, had her account suddenly disabled one evening while she was en route to pick up a rider in a southern part of the capital city. “I was reaching the destination, but it took some time due to heavy traffic. The ride eventually got canceled. But

Electric vehicle charging management systems are usually end-to-end solutions for managing EV charging operations, billing, energy, drivers and even fleets. This means EV charging service providers can optimize the monetization of their operations. A number of players have proliferated over the las

Tesla’s fourth-quarter and full-year 2022 earnings are upon us, and with it expectations from Wall Street for the electric vehicle maker to hit revenue for the quarter of $24.03 billion and adjusted earnings per share to land around $1.13, according to Yahoo Finance data. If Tesla hits that

Tesla is investing $3.6 billion into expanding its existing gigafactory in Nevada. Confirming White House reports from earlier today, the company said it will build two new production facilities in the state — a 100-gigawatt-hour battery cell factory and Tesla’s first high-volume Semi t

Waymo, the self-driving technology unit under Alphabet, quietly laid off workers Monday, according to The Information and several posts on LinkedIn and Blind. The cuts at the autonomous vehicle company follow a swell of layoffs at Alphabet and Google late last week. It's not yet clear ho

Honda is establishing a division dedicated to the development of electric vehicles and other electrical products including storage and generation, the company said on Tuesday (via Reuters). The Japanese automaker somewhat lags the rest of the market when it comes to EVs to date. Last year, Honda an

Lyft has introduced wait-time fees — in other words, charges incurred if a Lyft driver has to wait for you upon pickup. The rideshare platform hasn’t had these previously, despite its main competitor Uber having them since 2016. Lyft’s wait-time fees kick in two minutes after on-t