Transportation

EV automaker Lucid Motors slashed its annual production guidance in half on Wednesday due to what CEO and CTO Peter Rawlinson described as “extraordinary supply chain and logistics challenges.” Shares of Lucid fell more than 12% in after-market trading following the release of its secon

GM will soon allow drivers to use Super Cruise on more than 400,000 miles of roads in the U.S. and Canada, doubling access to its hands-free driver assistance system as it pushes to keep apace of its rivals. Drivers with vehicles equipped with Super Cruise today can only use the system on about 200

Uber is testing adding train and coach travel to its app in the U.K. so customers can book longer distance ground travel via a fully integrated tie-up with Berlin-based multimodal travel platform, Omio. The latter has built up its own consumer facing apps for booking intercity and international tra

Uber's ride with Zomato has concluded. The ride-hailing firm sold its 7.8% stake in the lossmaking food delivery firm on Wednesday for over $390 million, a person familiar with the matter said, becoming the latest large institutional investor to exit the Indian firm. The U.S. firm, which report

Autonomous trucking company TuSimple used its second-quarter earnings call to address an April crash during which one of the company's autonomous trucks suddenly veered across the I-10 highway in Tuscon, slamming into a concrete barricade.  The crash first came to light via a YouTube video tha

The question of whether Uber would be able to self-support was at least partially answered Tuesday with the company’s second quarter earnings report. In its Q2 digest, the American ride-hailing and food delivery giant reported positive free cash flow, indicating that it can now self-fund, put

Parent company Volkswagen Group may be investing more than $100 billion in bringing electric vehicles to market, but its supercar brand Lamborghini isn't sold. The niche automaker is awaiting direction from the European Union before deciding whether to go all in on EVs, according to Lamborghini

Volkswagen dropped a bombshell announcement late last week: Herbert Diess was out as CEO. As a manager, Diess was controversial, with a style that chafed both executives and labor leaders alike. But as a strategist, he was on firmer ground, deftly steering Volkswagen out of the Dieselgate scandal a

Autonomous vehicle company Pony.ai is forming a strategic joint venture with Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry, to create an autonomous truck brand. The plan is to combine Pony.ai’s “virtual driver” with Sany’s technic

Ford Motor has dodged some of the pain and losses that rival General Motors experienced in the second quarter. Ford reported Wednesday $40.2 billion in revenue, a 50% increase from the same period last year and an adjusted operating income that tripled to $3.7 billion. Those figures, which absolute

Rivian has started laying off about 6% of its workforce as part of a restructuring plan, according to an internal email from founder and CEO RJ Scaringe. The companywide email, which was sent out Wednesday and viewed by technewss, alerted all employees that those affected would receive an email in

Compared to this year's drumbeat of announcements from car companies touting future battery-electric models, Stellantis has remained quiet, focusing on plug-in hybrids instead. The Amsterdam-based joint venture between Fiat-Chrysler and PSA Group is pursuing electrification aggressively, target

It describes itself as the “future of urban mobility.” With a 93-mile range, and a 50 mph top speed, the futuristic-looking electric three-wheeler from Nimbus costs $10,000-ish and wants to position itself as a green alternative to cars, safer than motorcycles, and with a high degree of

Cruise, the General Motors subsidiary dedicated to commercializing autonomous vehicles, saw a jump in expenses during the second quarter as the company launched its first commercial robotaxi service in San Francisco. Cruise’s expenses hit around $550 million compared to $332 million during th