Elon Musk defends Tesla’s $2.6B acquisition of SolarCity in Delaware court
Elon Musk is testifying Monday morning in a lawsuit over Tesla's 2016 acquisition of SolarCity, a $2.6 billion transaction that a group of shareholders allege was a “bailout” of the failing solar company. The shareholders are seeking repayment to Tesla of the cost to purchase SolarCity.
The
The Station: Rimac-Bugatti is born, Tesla releases FSD beta v9 and Ola raises $500M
Hello and welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.
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EU fines BMW, VW $1B for running emissions cartel since the 90s
As environmental issues really came of age in the 1990s, certain German automakers were meeting in secret groups to make sure their cars would continue to industriously contribute to greenhouse gas emissions. According to the European Union, Volkswagen, Audi, Porsche, BMW and Mercedes-Benz parent c
Halo will launch a remotely operated car service powered by 5G in Las Vegas
5G technology has generated a lot of hype for its potential to power driverless cars using a remote operator, but for the past few years that's all it's been — hype. Las Vegas-based startup Halo and telecom giant T-Mobile are teaming up to change that, with a driverless electric car servi
Dodge challenges: Can the automaker bring muscle into the electric future?
The term muscle car has always been a euphemism for concessions. Want the most power for the money? Forget about a sports car from Porsche or Lotus. Buy a muscle car and just take corners a bit slower. Today Dodge announced it’s making an electric muscle car and it will be available in 2024.
BMW is finally producing its retro-futuristic CE 04 electric scooter, but at $12K will anyone buy it?
We’ve been hearing about BMW’s electric city scooters, not to be confused with electric kick scooters, for years. The German automaker came out with the BMW Motorrad Concept Link in 2017, a concept vehicle that imagines the future of expensive micromobility. After revealing the latest c
Yandex Self-Driving Group partners with GrubHub to bring robotic delivery to college campuses
Yandex Self-Driving Group, a unit of Yandex, the publicly-traded Russian tech giant, has announced a partnership with food delivery service GrubHub to be its multi-year robotic delivery provider across American college campuses. Yandex hopes to reach over 250 campuses over the course of this partne
Verizon demos THOR, its new vehicle for frontline rapid humanitarian response
The increasingly intense heats bearing down feverishly across the globe are accelerating the number, scale, and complexity of disasters worldwide. Just in the past few weeks, we have seen record heat in the United States Pacific Northwest that has led to hundreds of deaths — with more heat on the
Bentley reveals Flying Spur Hybrid, its latest in the push toward electric
Bentley Motors, the 102-year-old ultraluxury automaker under Volkswagen Group, revealed its newest hybrid model on Tuesday. The company says this latest iteration of the Flying Spur Hybrid is its most environmentally friendly vehicle yet.
This new model is part of Bentley’s Beyond100 plan to
Volvo, Daimler, Traton invest $593 million to build electric truck charging network
Volvo Group, Daimler Truck and Volkswagen’s AG heavy-truck business the Traton Group announced on Monday a non-binding agreement to build a network of high-performance public charging stations for electric heavy-duty long-haul trucks and buses around Europe. The news was first reported by Reu
VW offloads Bugatti to Rimac to form new EV company Bugatti-Rimac
Croatian electric supercar startup Rimac Automobili is taking over Bugatti. Rimac will own a controlling 55% share in the new company, Bugatti-Rimac, with VW’s Porsche owning the remaining 45%, according to reports by the Financial Times.
“Rimac and Bugatti are a perfect match in terms
The Station: Bird has drama in San Francisco, drone delivery startup Zipline raises $250M
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Department of Justice opens investigation into EV startup Lordstown Motors
Lordstown Motors continues to stumble. The beleaguered electric vehicle startup is now being investigated by the Department of Justice, in addition to an ongoing investigation by the Securities and Exchange Commission.
The investigation, first broke by the Wall Street Journal on Friday, is still in
GM is investing in a California lithium extraction project
General Motors is investing in domestically sourced lithium. The company said Friday it became the first investor in an Australian company's project to extract the mineral, a critical component of electric vehicle batteries, from the Salton Sea Geothermal Field near Los Angeles. The automaker w