How Stellantis plans to make $22.5B a year from software in its cars, trucks and SUVs

Stellantis laid out Tuesday an ambitious plan to generate $22.5 billion annually from software in its vehicles that can sell passengers and drivers products and subscriptions. The target is in line with goals from its competitors — all of which are seeking ways to make revenue beyond selling, rep

Intel to take Mobileye public next year

Intel plans to take Mobileye, the advanced driver assistance and automated driving subsidiary it acquired for $15 billion more than four years ago, public next year. Spinning Mobileye out into a separate publicly traded company could increase value for Intel shareholders, its parent company said in

EV maker Arrival to build high-voltage battery module assembly plant in North Carolina

Arrival, the electric vehicle manufacturer that aims to break up the assembly line in favor of multiple microfactories, is investing $11.5 million to build a high-voltage battery module assembly plant in Charlotte, North Carolina. The plant will provide batteries for electric buses and vans produce

Toyota will build its first US battery plant in North Carolina

Toyota Motor will build its first battery factory in the U.S. in North Carolina, the company and state officials confirmed Monday, as more automakers seek to take control of the supply chain with in-house battery manufacturing plants. Toyota will invest $1.29 billion in the plant, which will be cal

SEC investigating Tesla over solar panel defect allegations

U.S. securities regulators have opened a probe into Tesla over allegations from a whistleblower that the company did not disclose to shareholders fire risks from its solar panel systems. The allegations were made by Steven Henkes, a former Tesla employee, who filed his complaint with the U.S. Secur

EV automaker Lucid Group under investigation by SEC

Lucid Group has been subpoenaed by securities regulators investigating the electric automaker’s merger that enabled it to become a publicly traded company. Lucid said in a regulatory filing Monday morning that the Securities and Exchange Commission requested certain documents related to its i

UK High Court deals huge blow to Uber-style ride-hailing contracts

In a landmark court decision against Uber, the U.K. High Court has ruled that its business model is unlawful. The decision — which reboots the application of London’s regulations around private hire vehicle contracts — has huge ramifications for how ride-hailing platforms like Ube

Argo releases standards for how self-driving cars should act around cyclists

Argo AI, an autonomous driving technology company, teamed up with advocacy group the League of American Cyclists (LAB) to come up with guidelines for how self-driving vehicles should identify and interact with cyclists. The goal is to set a standard for other AV companies in the industry to follow,

Torture testing a Porsche Cayenne S on the Rebelle Rally

The killer app of any tech is to make your life easier and more comfortable; the GPS in your car helps you find the best route to a restaurant when traffic is backed up, if you have cruise control, you can set a speed on the highway to ensure that you don’t get a ticket. These vehicle feature

The Polestar Precept is a cypher for the EV automaker’s future

Polestar will spend the next three years executing a lofty electric vehicle launch schedule that will culminate with the Precept concept, a “Rosetta stone” of sorts that provides a physical representation of the company’s future. Polestar, the former Volvo company that spun out to

Porsche invests in German startup aiming to be a one-stop shop for carbon neutral homes

Porsche’s venture arm has taken a minority stake in 1Komma5°, a five-month-old German startup aiming to offer households everything needed for a carbon neutral home, including energy storage, charging infrastructure for electric vehicles and solar. The investment, the amount of which was not

China’s ride-hailing giant is delisting from the New York Stock Exchange

China’s ride-hailing behemoth Didi has begun the procedure of delisting from the New York Stock Exchange and applying to list in Hong Kong instead, the company announced via a Weibo post on Friday morning. The decision came days after Bloomberg reported the Chinese government had asked Didi t

Here’s a first look at the new Polestar SUV and how it fits in the automaker’s three-year plan

From its motorsport beginnings to today, Swedish electric automaker Polestar has come a long way. According to CEO Thomas Ingenlath, the Volvo spin-off is just getting started. Ingenlath, along with members of the automaker’s leadership team, laid out a three-year plan for Polestar during a p

GM delays production of new Chevy Bolt EVs until end of January

General Motors will continue to delay production of new Chevrolet Bolt EVs at the company’s Orion assembly plant in Michigan “through the week of Jan. 24, 2022,” the company said in a statement emailed to technewss on Thursday. The automaker said it would instead “continue