Transportation

Electric vehicle startup Canoo has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission, according to a regulatory filing. The SEC began investigating Canoo in May 2021, just a few months after the company merged with special purpose acquisition company, Hennessy Cap

More than five years ago, a newly minted Waymo took the wraps off of what would become its first commercialized autonomous vehicle: a Chrysler Pacifica Hybrid minivan loaded with sensors and software. Now, the minivan, a symbol of the early and hypey AV days, is headed for retirement as Waymo trans

Uber is expanding Comfort Electric, the ride-hailing giant’s premium electric vehicle offering, to 14 new markets across the U.S. and Canada. Now, customers in a total of 40 North American markets can book a flashy, environmentally friendly ride. Eligible luxury EVs include Tesla models S, 3,

When Stellantis brand Jeep descended on Moab, Utah this week for its annual off-roading and concept roadshow, electrification ruled the road. The automaker showed off this week seven concepts — four of which are electrified — from the Jeep brand and Jeep Performance Parts (JPP) by Mopar ahead o

Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told technewss in a wid

UPDATE: Tesla tweaks Model 3 page of U.S. website encouraging buyers to take delivery now in anticipation of reduced tax incentives by March 31.  The U.S. Treasury Department’s guidance on battery sourcing requirements for the electric vehicle tax credits will result in fewer vehicles being

Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue pl

Kia revealed Tuesday the next EV in its portfolio, a three-row flagship SUV called the EV9 that is packed with tech and a key product in the company’s mission to reach annual sales of 1.2 million battery electric vehicles by 2030. The South Korean automaker didn’t disclose pricing, but

Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, is cutting its workforce by 18% as part of a restructuring, the company disclosed in a regulatory filing. The layoffs, which will affect 1,300 employees, will be completed by the end of the second quarter. Lucid expect

Thanks to three vulnerabilities chained together, malicious hackers could remotely hack into a Tesla, turn off the lights, honk the horn, open the trunk, activate the windshield wipers and mess with the infotainment system, according to security researchers. The researchers, who work for security f

We are still likely many years away from wide-scale deployment, let alone adoption, of fully autonomous vehicles on our streets, but in the meantime, autonomous vehicle companies focusing on closed-campus environments continue to raise funding and make headway in building self-driving on a smaller

It’s 2023, and we’re years past the peak of monster fundraising for on-demand transportation and delivery startups locked in highly competitive races with each other to dominate urban consumer mobility. But with many of the biggest and most tenacious players still in the market, those r

Tesla is bringing back its referral program to Europe, a strategy that taps into the brand loyalty of customers as it seeks to preserve market share and boost sales before the first quarter of 2023 closes. The referral program follows Tesla’s move to reduce prices in a variety of markets, inc

UPDATE: This article has been updated with compensation package information for Green, Zimmer and Risher. Lyft co-founders, CEO Logan Green and president John Zimmer, are stepping down from their roles by mid-April, the company said Wednesday. They will serve as chair and vice chair of Lyft’s