VW to invest up to $5B in Rivian software deal
Volkswagen Group will invest $1 billion into EV startup Rivian as part of a broad software development deal that could expand to as much as $5 billion.
It’s a boon for Rivian, which has a tenuous path ahead as it pushes to develop its mass-market R2 SUV. The company’s shares shot up mo
Waymo dumps its waitlist and opens up its San Francisco robotaxi service to everyone
Waymo no longer has a waitlist for its San Francisco robotaxi service, removing the final obstacle for customers keen to use the self-driving technology.
Waymo said Tuesday that anyone can download the app and then immediately hail one of its robotaxis in San Francisco — a move that mimics
Uber Freight and self-driving trucks startup Aurora partner for the long haul
Uber Freight and Aurora Innovation have announced a multi-year collaboration that will see Aurora's autonomous driving technology offered on the Uber Freight network through 2030.
The deal gives Aurora access to shipping customers as it prepares to launch its fully driverless commercial
SkyCell nabs $59M more for its greener smart pharma transport containers
The urgency of the COVID-19 pandemic may be in the past, but the need for fast and secure ways to send valuable, fragile medicines and their components around the world is still quite relevant. SkyCell has developed hardware and software to run that transport process better — and greener, it says
Car dealership outages drag on after CDK cyberattacks
Software maker CDK says it will take “several days” to bring its systems back online following back-to-back cyberattacks, as car dealerships and auto shops around the U.S. reliant on the company’s software enter a second week of disruption.
In a statement, CDK spokesperson Lisa F
The fight over Fisker’s assets is already heating up
Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets “outside the court’s supervision.”
At issue is the relationship between Fisker and its largest secured lend
Fisker faced financial distress as early as last August
Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week.
The admission provides a clearer picture of Fisker's troubles in 2023 as it struggled to ra
Cruise clears key hurdle to getting robotaxis back on roads in California
Cruise, the self-driving subsidiary of General Motors, has agreed to pay a $112,500 fine for failing to provide full information about an accident involving one of its robotaxis last year. The settlement with the California Public Utilities Commission (CPUC) not only avoids litigation, it puts Crui
Why Fisker failed
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US car dealerships face ongoing outage after CDK cyberattacks
Auto retailers and car dealerships across the U.S. are facing another day of outages after a second cyberattack hit tech company CDK Global, which develops software used for managing auto customers and their vehicles.
In a message from CDK sent to customers Thursday, the company said the additiona
Fisker failed because it wasn’t ready to be a car company
Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna, after all. The startup’s November 2022
Tesla shareholders vote yes again to approve Elon Musk's $56B pay plan
Tesla CEO Elon Musk has secured enough shareholder votes to have his 2018 stock option compensation package approved. Shareholders also approved the company’s decision to re-incorporate Tesla in Texas, moving it away from the state where Musk’s pay package was struck down: Delaware.
Tesla shareholders sue Musk for starting competing AI company
Tesla shareholders are suing CEO Elon Musk and members of the automaker's board of directors over Musk's decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla to the new startup.
The lawsuit is one of the most direct challenges t
Tesla and its fans waged an unprecedented battle over Elon Musk’s $56B pay package
The Tesla fans posted. And over the last few months, Elon Musk engaged.
Every time he did, Tesla’s legal team had to get to work, writing and submitting regulatory filings to the Securities and Exchange Commission (SEC). It’s all part of an effort to say that, this time, when the share