Transportation

General Motors has hired Apple executive Mike Abbott to head up its software division as the automaker ramps up its efforts to sell “software-defined vehicles” that offer a wide array of capabilities from in-car subscriptions and apps to over-the-air updates and digital services. Abbott

Porsche has partnered with Mobileye, the autonomous driving unit that Intel spun out into a public company last year, to bring hands-free automated assistance and navigation functions to future sports cars, the companies said Tuesday. In the upcoming collaboration, Mobileye’s branded SuperVis

Tesla CEO Elon Musk has laid out a rough plan for expanding access to Full Self-Driving (FSD), the company’s advanced driver assistance system (ADAS), throughout North America and the rest of the world. “Once FSD is super smooth (not just safe), we will roll out a free month trial for a

Lucid’s first-quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its luxury all-electric Air sedan. Lucid Group’s shares dropped more than 9% in after-hou

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Qualcomm’s longer term bet on the automotive sector as a lucrative customer base for its chips and related communications technology is getting a significant push today: The company announced that it is acquiring Autotalks, a fabless chipmaker out of Israel that builds semiconductor and syste

Driverless cars are often marketed as a safe and convenient means of travel that allows customers to watch movies, scroll through TikTok or nap — all without worrying about taking over control. Whether it’s in a personal vehicle (which to remind everyone, there are currently no personal aut

Shares of Lyft are off sharply this morning, falling nearly 20% in early trading. The company's equity is selling off in the wake of the U.S. ride-hailing giant's first quarter results and its comments regarding the current quarter, and how its new strategic posture will affect its growth a

Lyft shares tanked as much as 12% moments after the company reported first-quarter earnings as investors placed more weight on a dim outlook and lower quarter-over-quarter revenue than other financial gains.  Shares have since stabilized in after-hours trading, now trading down about 10%.  

After a nearly nine-month hiatus, Tesla has reopened orders for its long-range Model 3. The vehicle reappeared on the automaker’s website earlier this week with a steep price drop. It previously started at $57,990, but now sits at $47,240 before any interior, exterior or software upgrades.

Beleaguered EV company Lordstown Motors seemed to have found a financial savior in Foxconn, the Taiwanese manufacturer best known for making iPhones for Apple. But now, with that relationship faltering, it appears the road is ending for Lordstown’s Endurance EV truck and maybe even the compan

Waymo is doubling its commercial robotaxi service area in the Phoenix metro area, an expansion that will add new suburbs and connect previously isolated sections of the sprawling and car-dependent desert city. The service area, which now includes Scottsdale, nearly all of Tempe and larger sections

The Boring Company, Elon Musk’s project to build underground highways to alleviate traffic congestion, received approval Wednesday to expand its “Vegas Loop,” an underground tunnel system beneath Las Vegas that shuttles passengers via Tesla vehicles. The expansion, approved by Cla

Baillie Gifford is buying nearly 44 million newly issued shares in Joby Aviation, a purchase that will provide a $180 million injection of capital into the company as it continues to develop all-electric aircraft for a commercial passenger service. Joby Aviation said Wednesday as part of its first-