Transportation

Rivian’s stock price fell more than 17% Monday, a drop prompted by a CNBC report that Ford was selling 8 million shares of the EV automaker. Ford held a 12% stake, or about 102 million shares, of Rivian. Over the weekend, David Faber of CNBC reported that Ford would sell 8 mi

Uber shareholders will vote Monday on a proposal that, if approved, will compel the company to fully disclose its “direct and indirect lobbying activities and expenditures.” Advocates of the proposal argue that such information is critical to understanding the sustainability of Uber's busin

Uber has opted for arbitration to solve a dispute it has with drivers in Kenya over the reduction of commuter fares. The ride-hailing firm asked Kenya's Supreme Court, in an application, to allow it to solve its issues with the drivers through channels agreed upon in contracts, while stating th

Lordstown Motors, the long-suffering battery-electric truck maker, said in a filing with the U.S. Securities and Exchange Commission on Monday that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern. Under the terms of the

Want to make your old vehicle feel newer? Add a new stereo. Twenty years ago, that would involve ripping out the stock radio and sliding in a new Pioneer head unit and maybe a pair of subwoofers. This time around, it means hacking a new UI onto the stock operating system. Last week, I added CarPlay

All eyes are on Miami this weekend as the international glitterati arrives for the city's inaugural Formula One Grand Prix. The European racing event has attracted American fans in droves, thanks to the “Netflix effect” of “Formula 1: Drive to Survive” ­— the successful franc

Nio, an electric vehicle upstart from China, is planning to list its shares in Singapore, which will make the city-state the third base where it trades as geopolitical tensions between China and the U.S. heighten. Nio said on Friday that it is seeking a secondary listing of its Class A ordinary sha

Lyft is bringing back shared rides to San Francisco, San Jose, Denver, Las Vegas and Atlanta this May, the company announced on Thursday, noting that the popular reduced fare service will be expanding to other markets in phases throughout the year. The company originally abandoned its carpooling se

Lucid Group is the latest automaker to up the price of its electric vehicles. The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. The price hikes push the base price of the Air sedan as much

Lyft's shares lost nearly a third of their value yesterday after the ride-hailing company reported its Q1 2022 results, despite the company beating market expectations for revenue. If you delve a little deeper, it seems the market was instead focused about something else entirely: Slightly soft

Germany-based rental car giant Sixt has confirmed it’s been hit by a cyberattack that has caused widespread disruption to its global operations. According to a statement from Sixt, which has more than 2,000 locations across more than 110 countries, the company first detected “IT irregul

American ride-hailing company Lyft reported Tuesday its first quarter financial performance, a report that showed continued improvement from the loss of business it experienced during the COVID-19 pandemic. In Q1, the former startup unicorn generated revenues of $875.6 million, up some 44% from the

Developers of autonomous vehicles have long promised that the technology will fundamentally change the way people, packages and freight move around the world. But will these robotaxis, self-driving trucks and delivery bots be good citizens in the cities in which they operate? And what does a “goo

Apple has hired a longtime Ford executive to provide the iPhone maker with automotive expertise, signaling that its mysterious car project is still alive. Desi Ujkashevic, Ford's global director of safety engineering, will join the software giant's efforts to develop a fully electric autono