Space Florida’s incredible shrinking Rivian stake
It would have been a legendary payoff for any investor, let alone a public agency: swapping an undrivable car for a multibillion-dollar stake in a hot new EV startup.
Until last year, Space Florida, the state’s economic development agency for aerospace, believed that it owned 3% of Rivian as
Toyota's latest EV concepts include sports cars and a pickup
Toyota now aims to roll out 30 electric vehicles by 2030, expanding on its plan to sell 15 fully electric models by 2025. It gave a taste of the future by previewing a broad range of EV concepts during a presentation.
Among those is a pickup, which could compete with the likes of Ford’s F-150
California suspends Pony.ai driverless test permit after crash
Pony.ai, a Chinese autonomous driving startup with an office in the U.S., has paused its driverless pilot fleet in California six months after it was approved by local regulators to test autonomous vehicles without a human safety driver.
On November 19, the California Department of Motor Vehicles n
Harley-Davidson’s EV motorcycle unit LiveWire to go public via SPAC
Harley-Davidson is taking its electric motorcycle division LiveWire public through a merger with a blank check company sponsored by executives of AEA Investors and Bridges Fund Management.
The agreement with special purpose acquisition company AEA-Bridges Impact Corp (ABIC) will preserve much of Ha
How Volvo plans to maintain its safety rep while staying in the fast lane
Safety in modern cars is no longer simply a question of engineering. It’s a technology and design challenge that is dependent on sensors and software and hinges on a user experience that is clear and intuitive for drivers.
So how does Volvo, a company synonymous with safety, convince customer
Ford to triple production capacity for the all-electric Mustang Mach E by 2023
Ford plans to increase production of the all-electric Mustang Mach E next year with the goal of tripling its current capacity by 2023 to meet “incredible demand,” CEO Jim Farley tweeted late Friday.
This is the first time the automaker has provided specific outlook for the Mustang Mach
Volvo had some R&D data stolen in security breach
Volvo Cars is investigating a cybersecurity breach and theft of a limited amount of the company’s research and development data. The data breach was reported Friday by the Swedish automaker.
The company said one of its file repositories had been illegally accessed by a third party. Investigat
GM plans to start Silverado EV production in early 2023
GM will take the wraps from its Silverado EV at CES 2022, but you’ll have to wait considerably longer to put one in your garage. According to Automotive News, GM has revealed that its mainstream electric pickup will enter production in early 2023 ahead of sales late that year. It’s arri
Solid Power ramps up solid-state battery race with public market debut
Solid Power, the solid-state battery developer backed by Ford and BMW, is hitting the public markets running with a spike in stock price shortly after trading opened Thursday.
The company is one of a handful in the electric mobility space to have gone public via a merger with a blank-check firm. So
GM locks in two deals that will bolster US rare earth magnet production
General Motors has spent the past year securing a domestic supply chain for the millions of electric vehicles it plans to produce by the end of the decade, everything from battery cell manufacturing and cathode active materials to lithium and even recycling that will turn scrap into raw materials.
Europe lays out a plan to flip the odds on gig economy exploitation
EU lawmakers have formally proposed legislation for the gig economy they hope wl improve conditions for platform workers across the bloc — including by establishing a framework to tackle the problem of bogus self-employment.
The Commission’s overarching goal is to a create a level playing f
Candela’s hydrofoiling electric boats attract $24M investment in a bid for cleaner seas
Candela makes an unusual style of watercraft called a hydrofoiling boat, which glides above the sea on fins for a smoother, more efficient ride — doubly unusual, in fact, in that it is electrically propelled. The company has raised $24 million to accelerate production of its existing small craft
Volkswagen closes three new partnerships to amp up EV production
Volkswagen has entered into three new partnerships related to electric vehicle batteries, as the German automaker looks to transition its entire portfolio of cars, trucks and SUVs to zero-emission vehicles by 2040.
The three separate partnerships, all of which were announced Wednesday, are with mat
Shared micromobility company Bird launches two retail scooters, available at Target
"speakable-summary" dir="ltr">Bird, the shared micromobility company that recently went public by merging with a special purpose acquisition company, has launched two new kick scooters for sale. The Bird Flex, a foldable personal e-scooter costing $599, and the Birdie Glow, a three-wheel scooter for