Transportation

Lyft’s newly appointed CEO David Risher told employees in an email Friday that the company is significantly reducing its workforce as part of a restructuring effort. Risher said the restructuring is part of Lyft’s plan to “better meeting the needs of riders and drivers.” The

Autotech Ventures will use its newly closed $230 million fund to expand beyond its foundation of early-stage ground transportation startups and invest in what the firm believes are the next big opportunities in automotive and mobility. Fintech, logistics, supply chain and the circular economy are a

Autonomous trucking startup Kodiak Robotics is partnering with truckload carrier C.R. England to autonomously ship Tyson Foods products between Dallas and San Antonio, Texas. A human safety operator wl be present in the one dedicated truck Kodiak is allocating to this pot. Deliveries wl begin this

After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. However, it soon became clear to them that fleet management is a major challenge, and one that largely influences the

Uber is expanding its partnership with sidewalk delivery robot startup Cartken to Fairfax, Virginia. Starting Thursday, Uber Eats customers around the Mosaic District can choose to have food from select merchants delivered via one of Cartken’s small, six-wheeled, autonomous bots.

The car industry is in the midst of its biggest transformation since the first Model T rolled off the assembly line. And no, it’s not just about shifting to electric vehicles. It’s about software, which goes hand-in-hand with the EV transition. Automakers are betting that apps designed

Tesla reported Wednesday net income of $2.51 billion in the first quarter, a 24% drop from the same period last year as the company’s EV price-cutting strategy cut into profits. Tesla has repeatedly reduced the price of its four EVs — the Model S, Model X, Model Y and Model 3 — in

E-scooter manufacturer Unagi has had a busy month. Just a couple weeks after bringing its Model One Voyager scooter to market, the company says it closed a large funding round and secured Best Buy as a scooter subscription partner. The $29.3 million round is a combination of equity and debt. The $1

Auto Shanghai, which is underway this week, is a yearly opportunity for carmakers and auto suppliers to flex their muscles and show their commitment to China, the world’s largest auto market. At this year’s edition, Volkswagen announced that it will invest around one billion euros ($1.1

Tesla has cut the price of its Model 3 and Model Y electric vehicles for the second time this month. Now, Tesla’s most popular models will start under $40,000 before incentives. The price slash comes on the eve of Tesla’s first-quarter earnings report, when investors will be watching ou

Polestar introduced the Polestar 4, the second SUV in its lineup, at Auto Shanghai 2023. Actually, it’s technically an SUV coupé, meaning it has the space and four doors of an SUV, but the sloping roof and aerodynamics of a coupé. The Polestar 4 has plenty of new specs that make it turn hea

Taiwanese two-wheeler battery swapping company Gogoro has a plan to give energy back to Taiwan’s electrical grid and make money while doing it. The company is partnering with Enel X, an energy services provider, to integrate 2,500 of its GoStations in Taiwan into Enel X’s Virtual Power

Southwest Airlines is resuming operations after the airline briefly paused departures due to a “technical issue” earlier this morning. The airline says it had to address data connection issues caused by a firewall failure. “Southwest has resumed operations after temporarily pausin

Zeekr, the premium electric vehicle brand under China’s Geely Automobile Holdings, has confirmed plans to expand into Europe this year. The company will begin selling its Zeekr 001 luxury shooting brake and Zeekr X urban SUV in Sweden and the Netherlands starting in the fourth quarter of 2023