Lyft to pay $10M fine to SEC for failure to disclose board member’s role in pre-IPO share sale
Lyft has agreed to pay a $10 million fine over a U.S. Securities and Exchange Commission charge that the ride-hailing company failed to disclose a board director’s role in the sale of $424 million worth of private shares before its initial public offering.
The SEC said Monday that prior to
Joby Aviation selects Dayton, Ohio, for first scaled electric air taxi factory
Joby Aviation has selected Dayton, Ohio as the new site for its first scaled electric aircraft factory, with the company preparing to invest up to $500 million in the new site as it looks to start selling air taxi rides as soon as 2025.
Today's announcement puts to rest months of speculation on
An autoworkers strike trifecta and another speed bump for Cruise and Waymo
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.
I will be at the center of the startup universe this next week. Where is that, you say? Disrupt 2023 in San Francisco, of course. I hope to see y’all the
Autoworkers strike begins at Ford, GM, Stellantis plants
The United Auto Workers Union (UAW) will go through with threats to strike against the Big Three automakers — Ford, General Motors and Stellantis — after both sides failed to reach a deal. This is the first time in history that all three automakers have been hit by strikes at once.
The
Revel, the car subscription startup from Spain, raises $123M to take its business up a gear
The market for car sales has been on rocky ground in the last several years as consumers, facing tougher economic conditions, get presented with an ever-larger range of alternatives, from ride-hailing apps and multimodal alternatives through to new propositions for private car use. Today, a startup
GM boosts wage offer as autoworker strike deadline approaches
General Motors said Thursday it boosted its contract offer to a 20% wage hike for U.S. autoworkers, including 10% in the first year, in a move to avoid a strike that is scheduled to begin at 11:59 p.m. if no deal is agreed on.
The strike by the United Auto Workers union, which represents about 150,
French battery maker Verkor scores $2.1B to build gigafactory
Another day, another monster raise for an EV battery company.
This time it’s Verkor, the Renault-backed French battery builder, which said on Thursday that it secured “more than €2 billion” — roughly $2.1 billion USD — to speed up construction of its Dunkirk gigafactory. Ver
Cruise reveals wheelchair-accessible robotaxi with testing to begin next month
Cruise CEO Kyle Vogt and other executives revealed Thursday in San Francisco a prototype of a custom-built, wheelchair-accessible, self-driving robotaxi and said that closed-course testing of the driverless vehicle would begin in October.
The vehicle, called the Cruise WAV, is the result of three
Honda’s new Motocompacto e-scooter is stolen straight from my dreams
Honda has a new e-scooter called the Motocompacto, which has an aesthetic that I would describe as “irresistibly, heartbreakingly dorky and adorable.” The all-electric Motocompacto is inspired by the Motocompo the company sold in the early 1980s, which also featured a foldable design bu
San Francisco requests redo on Cruise, Waymo robotaxi expansion hearing
San Francisco has formally requested state regulators redo an August hearing that expanded robotaxi permits for Cruise and Waymo, giving both companies permission to widen commercial operations throughout the city 24/7.
The contentious decision was met with much opposition as city agencies and resi
EU considers imposing tariffs against Chinese EV companies
The European Commission is considering imposing punitive tariffs to protect European Union automakers against cheaper Chinese electric vehicle imports, which the agency says benefits from state subsidies.
“Global markets are now flooded with cheaper electric cars,” said European Commiss
Android Auto now lets drivers take Zoom and Cisco conference calls
Drivers with vehicles equipped with Google’s Android Auto — which is expected to reach 200 million by the end of year — can now use Zoom and WebEx by Cisco for audio-only conference calls.
The two apps launched Tuesday, Google said in a blog post that coincided with the Detroit Auto Show.
Tesla plans to almost double component sourcing from India to $1.9B this year, says minister
Tesla is planning to nearly double its component sourcing from India to up to $1.9 billion this year, the nation's trade minister has said, underscoring the growth of electric-vehicle component manufacturing in the country. But Tesla’s long-floated promise of plans to build its own plants
Tesla robotaxi concept looks like a two-seater Cybertruck
An image of a Cybertruck-inspired Tesla robotaxi concept was revealed in the new Elon Musk biography by Walter Isaacson that launched Tuesday.
The two-door, two-seater, “Cybertruck-like” compact vehicle is complete with angular edges and what looks like a fingerprint-inducing stainless