The Station: Ford’s vision for dealerships and Rimac’s big raise
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Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point
Unlikely players team up to lead South Korea’s air taxi industry
The United States is perhaps one of the best countries to start an urban air mobility company. You only have to look at how fast well-funded startups like Joby Aviation, Wisk Aero and Lillium are building and testing electric vertical takeoff and landing, or eVTOL, aircraft.
However, South Korea,
The 2022 Bentley Flying Spur Hybrid is a shaky step toward a luxurious EV future
Bentley is engaged in a never-ending battle to balance classic luxury coach-building and modern automobile manufacturing.
The luxury automaker not only has to keep up with changing technology, consumer taste and industry standards, it must also consistently deliver the old world-inspired sophistica
Elon Musk orders hiring freeze, warns of job cuts at Tesla in latest leaked email
Tesla CEO Elon Musk has directed executives to pause all hiring and prepare for job cuts, according to a leaked email that was first viewed by Reuters.
Tesla shares fell 8.5% following the Reuters report.
An additional email sent Friday to all employees, clarified his comments to ex
Mexico City’s Kolors wants to disrupt intercity busing in Latin America
Kolors, a Mexico City-based startup, says its platform that connects intercity bus riders with bus drivers is like “if Uber and Southwest Airlines had a baby.”
Like Uber and other ride-hailing platforms, Kolors doesn’t own any of its own vehicles, but rather partners with small an
Cruise can finally charge for driverless robotaxi rides in San Francisco
Cruise, the autonomous vehicle unit of General Motors, has finally been given the green light to start charging fares for its driverless robotaxi service in San Francisco.
The California Public Utilities Commission (CPUC) voted Thursday to award Cruise with a driverless deployment permit, the final
Ford wants to restructure its dealership model to boost EV sales
Ford said that it wants to restructure its dealership model, including building an e-commerce platform where customers can shop for and buy EVs at non-negotiable prices in an effort to match Tesla's profit margins.
“I feel like when that second quarter last year profit came out for Tesla and
Ford to invest $3.7B in US factories, add 6,200 union jobs in push to build more EVs
Ford said Thursday it will invest $3.7 billion and add more than 6,200 union manufacturing jobs in Michigan, Ohio and Missouri as part of the automaker’s plan to sell 2 million EVs a year globally by the end of 2026.
The new investment will be used to hire union workers at factories in Michig
The most surprising part of Buick’s announcement isn't that it will become an EV brand
Buick said Wednesday it will launch its first EV in 2024 and revealed a sleek concept car that will set the direction on its journey to becoming a fully electric brand in North America by 2030. But that’s not the most surprising news. Buick, it seems, is opening the door to coupes and sedans.
Rimac raises more than $500M from Porsche, Softbank and Goldman Sachs
Rimac Group said Tuesday it has raised 500 million euro ($536 million), funds that will help the Croatian startup expand beyond its electric hypercar roots and grow into a global EV components supplier — and eventually a publicly traded company.
Softbank Vision Fund 2 and Goldman Sachs led the Se
DeLorean reveals Alpha 5, a performance EV with Back to the Future vibes
DeLorean released fresh details and images of its Alpha 5 EV, a gull-winged electric vehicle that the company’s owners hope will resurrect the long defunct brand and possibly set the direction for more electric models.
The company’s — and the EV’s — big public moment won’
The Station: EV SPACs face new regulatory speed bump, more on Rivian’s reorg and VW weighs direct sales for Scout brand
Welcome back to The Station, your weekly guide to everything going on in the world of transportation.
Many readers of this weekly newsletter are likely enjoying a three-day weekend thanks to the Memorial Day holiday. So, this week I will keep it a wee bit shorter.
Before we get star
EV SPACs are facing a new regulatory speed bump
It's been a bumpy road for the electric vehicle startups that rushed to go public over the past two years by merging with a publicly traded shell company.
Now, the SEC's broadest attempt to crackdown on these so-called reverse mergers could put a few speed bumps on the road to becoming —
Hydrogen startup ZeroAvia has a zero-emission vision, but its next plane is a hybrid
ZeroAvia has raised $115 million from United Airlines, Alaska Airlines, British Airways and Amazon on a promise to fly a zero-emission hydrogen fuel cell regional passenger plane as soon as next year. Now the startup has set itself a slightly less high-flying goal: building a hybrid aircraft.
This