Transportation

Growth at $50 billion fintech Stripe has been slowing this year, but one of its key strategies to reverse that course got a decent push today: Stripe is announcing that it has inked a “strategic payments partnership” with Uber. The pair will work together initially on selected services

Ford reported its first-quarter 2023 earnings Tuesday after the bell, and it marks the first time the legacy automaker will break down earnings by its three new business units: Ford Blue for the iconic gas and hybrid vehicles, Ford Model e for electric vehicles and Ford Pro for commercial products

Ford cut the price of its all-electric Mustang Mach-E by as much as $4,000 while adding range and other features — the latest move in an EV price war sparked by Tesla. Ford said Tuesday it is reopening its order book and preparing to ramp production of the vehicle in the second half of 2023, foll

Faraday Future is nearly out of cash and its long-delayed EV has yet to land in customers’ hands, which means this is the perfect time for the publicly traded company to jump head first into the AI hype machine. Faraday Future said Tuesday it is adding generative AI to its first production ca

It is tempting to assume that the ride-hailing model is going the way of moribund businesses, especially in the wake of Lyft’s well-publicized layoffs and executive turnover. But Uber’s earnings results for the first quarter partially dispel those concerns. Uber not only beat analysts&#

Self-driving trucking company Kodiak Robotics plans to introduce an electric autonomous Class 8 truck to its fleet in 2024. The news comes as California, one of the states Kodiak hopes to do business in, recently voted to ban the sale of new diesel heavy-duty trucks by 2036 and will require that al

Startups working on driverless cars fully may no longer attract the kind of nine-figure acquisition or funding offers that were prevalent just a few years ago. But there are still pockets within the broader automated vehicle technology sector that have captured the interest and investment of strate

Volkswagen's software arm Cariad is beefing up its U.S. tech hub with semiconductor experts, including the company's new CEO, Scott Runner.  Runner has a 30-year career building hardware and semiconductor teams at companies like Qualcomm, and his appointment signals a push by Cariad, and t

A defamation case brought against Tesla chief executive Elon Musk by critic Randeep Hothi is coming to a close, reportedly costing the billionaire ten big ones.  Lawyers representing Hothi, a vocal member of the TSLAQ short-seller community on Twitter, said in a statement that Musk asked to set

Lordstown Motors is at risk of failing — again. The EV startup that went public via a SPAC merger cautioned investors Monday that it may be forced to file for bankruptcy because Foxconn may pull out of a critical funding deal, according to a regulatory filing. Taiwanese manufactur

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future m

Lyft said Thursday it will cut 26% of its workforce, or about 1,072 people, as part of a restructuring plan aimed at rebuilding its core ride-hailing product and boosting profits. The company also said in a regulatory filing Thursday that it decided to scale back hiring plans and will eliminate 250

Uber Freight, the logistics business spun out of Uber in 2018, is partnering with transportation fintech startup AtoB to offer carriers fuel cards and spend management software. AtoB, a four-year-old company that has been described as Stripe for transportation, offers an integrated financial platf

Tesla CEO Elon Musk might be ordered to testify under oath in a lawsuit that blames Autopilot, Tesla’s advanced driver assistance system, for a fatal crash in 2018. The tentative ruling, issued by a California judge Wednesday and first reported by Reuters, came in a wrongful death lawsuit fil