Another company in the electric vehicle industry is going public by merging with a so-called SPAC, or special purpose acquisition company. This time, it’s EVgo, one of the leading providers of electric vehicle charging stations in the US. The deal is expected to bring in $575 million for EVgo. When it closes, EVgo will become… Continue reading Charging company EVgo is going public via SPAC merger
Author: The Verge Online News
Elon Musk’s plan to dig car tunnels under Miami is filled with holes
One more tunnel should do it. Photo: Miami Herald/Tribune News Service via Getty Images Last weekend, Elon Musk claimed that he’d had a conversation with Florida Governor Ron DeSantis about his Boring Company project, which builds very short, very small tunnels for cars. “Cars & trucks stuck in traffic generate megatons of toxic gases &… Continue reading Elon Musk’s plan to dig car tunnels under Miami is filled with holes
Trump pardons convicted ex-Google engineer Anthony Levandowski
One of President Trump’s final acts in office is to pardon a former Google engineer who was convicted of stealing trade secrets. Anthony Levandowski worked for Google’s self-driving car division, now called Waymo, before leaving to found Otto, a self-driving truck company that was acquired by Uber. He was sentenced to 18 months in prison… Continue reading Trump pardons convicted ex-Google engineer Anthony Levandowski
Faraday Future’s best shot at redemption may be a SPAC
Despite a whirlwind of electric vehicle SPAC mergers in the last few months, there’s still one startup flying solo that’s arguably the best-positioned. Yes, Faraday Future is still on the market — though maybe not for long. Sure, Faraday Future is distressed and its electric SUV is outrageous, but it developed valid technology over the… Continue reading Faraday Future’s best shot at redemption may be a SPAC
Ford reportedly delays some deliveries of its Mustang Mach-E
Ford will delay deliveries for hundreds of its Mustang Mach-E vehicles to perform quality checks, Electrek reported. The automaker began delivering the Mach-E SUV in December, but some buyers reported that their upcoming delivery dates had been pushed back, by as long as a month in some cases, according to Electrek. The Mustang Mach-E SUV… Continue reading Ford reportedly delays some deliveries of its Mustang Mach-E
BMW becomes the latest automaker to shut down its subscription service
BMW is suspending its two-year-old car subscription service, The Verge has learned. Access by BMW was launched in 2018 in Nashville as a pilot project to test out whether customers would want to have access to a fleet of fancy cars but not necessarily own one. But recent requests to sign up have been met… Continue reading BMW becomes the latest automaker to shut down its subscription service
Exclusive: Apple held talks with EV startup Canoo in 2020
Apple held meetings with California EV startup Canoo in the first half of 2020 as part of the Silicon Valley giant’s secretive effort to advance its own electric vehicle project, three people familiar with the talks have told The Verge. The two companies discussed options ranging from investment to an acquisition, according to two of… Continue reading Exclusive: Apple held talks with EV startup Canoo in 2020
GM teases new Chevy Bolt with Super Cruise, sets release date for February
GM says that two new versions of the Chevy Bolt are set to be unveiled in February 2021. The company has released a new teaser that highlights a new feature coming to the electric vehicles: GM’s well-regarded advanced driver assist system, Super Cruise. GM is planning to release a refreshed Chevy Bolt, which was first… Continue reading GM teases new Chevy Bolt with Super Cruise, sets release date for February
Waymo says it’s ditching the term ‘self-driving’ in dig at Tesla
Waymo is saying so long to “self-driving.” The Google sister company says it is through using the term “self-driving cars” to describe its fleet of autonomous vehicles. And it is subtly pointing fingers at Elon Musk’s Tesla as the reason why. Waymo says it is committing to “using more deliberate language” in its marketing, educational,… Continue reading Waymo says it’s ditching the term ‘self-driving’ in dig at Tesla
Teledyne is buying FLIR to create a super-sized sensor shop with thermal and laser vision
Industrial sensor giant Teledyne will acquire FLIR, an Oregon-based company that makes thermal-imaging and night vision technology, the companies announced Monday. The deal is worth $8 billion in a mix of cash and stock. “At the core of both our companies is proprietary sensor technologies. Our business models are also similar: we each provide sensors,… Continue reading Teledyne is buying FLIR to create a super-sized sensor shop with thermal and laser vision