Wayve, a London maker of artificial intelligence systems for autonomous vehicles, said on Tuesday that it had raised $1 billion, an eye-popping sum for a European start-up and an illustration of investor optimism about A.I.’s ability to reshape industries. SoftBank, the Japanese conglomerate that backed Uber and other tech companies, was the lead investor, along… Continue reading Wayve, an A.I. Start-Up for Autonomous Driving, Raises $1 Billion
Author: New York Times Online News
U.A.W. Effort to Organize Mercedes Workers in Alabama Has High Stakes
More than 5,000 Mercedes-Benz workers in Alabama are voting this week on whether to join the United Automobile Workers union, a decision both supporters and opponents say will have consequences far beyond two factories near Tuscaloosa where the German carmaker churns out luxury sport utility vehicles and batteries for electric cars. Conservative political leaders have… Continue reading U.A.W. Effort to Organize Mercedes Workers in Alabama Has High Stakes
Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in the United States. But the decision reflects deep concern within the American automotive industry, which has grown increasingly worried about China’s ability to churn out… Continue reading Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
Biden Hits Chinese Electric Vehicles, Chips and Other Goods With Higher Tariffs
President Biden on Tuesday announced a sharp increase in tariffs on an array of Chinese imports, including electric vehicles, solar cells, semiconductors and advanced batteries, in an effort to protect strategic American industries from a new wave of competitors that he said were unfairly subsidized by Beijing. The president also officially endorsed maintaining tariffs on… Continue reading Biden Hits Chinese Electric Vehicles, Chips and Other Goods With Higher Tariffs
GM to Retire the Chevy Malibu to Make More EVs
General Motors said on Wednesday that it would stop making the Chevrolet Malibu, the last affordable sedan in its U.S. model lineup and a venerable nameplate that was introduced in the 1960s when the company was a dominant force in the U.S. economy. For years, American drivers have been gravitating toward sport utility vehicles and… Continue reading GM to Retire the Chevy Malibu to Make More EVs
An Office With 128,000 Miles
Times Insider explains who we are and what we do, and delivers behind-the-scenes insights into how our journalism comes together. HOUSTON — In five years and eight months, I put 128,000 miles on my car. I have covered Texas for The New York Times for more than eight years. That means my car — a… Continue reading An Office With 128,000 Miles
Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers
Elon Musk, the chief executive of Tesla, blindsided competitors, suppliers and his own employees this week by reversing course on his aggressive push to build electric vehicle chargers in the United States, a major priority of the Biden administration. Mr. Musk’s decision to lay off the 500-member team responsible for installing charging stations, and to… Continue reading Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers
Andrettis Keep Fighting to Enter F1
Andretti is a storied name in motorsport, as drivers and owners in open-wheel racing. Mario won most of the world’s major races in his career and took the Formula 1 drivers’ championship in 1978, only the second American to claim the title. His son Michael also raced in Formula 1, as Ayrton Senna’s teammate at… Continue reading Andrettis Keep Fighting to Enter F1
China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
Automakers in China are building a new generation of bigger, more technologically advanced and competitive electric cars, threatening to leap further ahead of their global rivals as they step up exports around the world. The dozens of car companies operating in China plan to put 71 new battery electric models on sale this year. Many… Continue reading China’s Electric Cars Keep Improving, a Worry for Rivals Elsewhere
Tesla Fires Charger Team Amid Hundreds of Layoffs
Elon Musk has gutted the part of Tesla responsible for building electric vehicle charging stations, sowing uncertainty about the future of the largest and most reliable U.S. charging network. The layoffs of about 500 Tesla employees, which many of them posted about on social media on Tuesday, raised questions about deals that Mr. Musk, Tesla’s… Continue reading Tesla Fires Charger Team Amid Hundreds of Layoffs