Commercial EV company Arrival is restructuring its business for the second time in six months as it tries to squeeze the most out of its remaining capital. The company said in a regulatory filing posted Thursday that it is shifting its focus to the United States and away from the UK market, where it is… Continue reading EV maker Arrival cutting jobs again in pivot away from UK to the US
Author: Tech Crunch Online News
Lyft co-founder says autonomous vehicles won’t replace drivers for at least a decade
Human drivers on the Lyft platform aren’t going to be replaced by autonomous vehicles anytime soon, company co-founder and president John Zimmer told the audience today at TechCrunch Disrupt. “I can’t imagine anytime in the next decade-plus where we would need any less drivers,” he said, noting that he envisions autonomous vehicles handling anywhere from… Continue reading Lyft co-founder says autonomous vehicles won’t replace drivers for at least a decade
Tesla Q3 revenue falls short of expectations, while energy unit shows growth
Tesla Wednesday reported revenue of $21.45 billion in the third quarter, another record-setting period that still missed analysts’ expectations. Shares fell 3.5% in after-hours trading following the earnings release. Tesla’s net income for the third quarter was $3.3 billion, nearly double the $1.62 billion it earned in the same period last year. The company said… Continue reading Tesla Q3 revenue falls short of expectations, while energy unit shows growth
Rivian hires former Waymo exec for new autonomy, AI role
Rivian has hired former Waymo executive James Philbin to lead autonomy and AI at the automaker, a new role that signals the company’s interest in automated driving technology. Philbin was director of software engineering for two years at Waymo. Before that, Philbin worked for five years at Amazon’s self-driving subsidiary Zoox, where he lead computer… Continue reading Rivian hires former Waymo exec for new autonomy, AI role
Rivian has fixed a ‘significant majority’ of its recalled vehicles
RJ Scaringe, CEO and founder of electric vehicle maker Rivian, said Wednesday the company has fixed a “significant majority” of the more than 12,000 vehicles that were recalled earlier this month. On the TechCrunch Disrupt stage, Scaringe gave the audience a postmortem on how Rivian solved the issue that caused the company to voluntarily recall… Continue reading Rivian has fixed a ‘significant majority’ of its recalled vehicles
Waymo to launch robotaxi service in Los Angeles
Waymo said it plans to launch a robotaxi service in Los Angeles, another sign that the Alphabet subsidiary is accelerating its commercial ramp up. Waymo has had a presence in Los Angeles since 2019, periodically coming in to map neighborhoods, including downtown, Miracle Mile, Koreatown, Santa Monica, Westwood and West Hollywood. The announcement Wednesday has… Continue reading Waymo to launch robotaxi service in Los Angeles
BMW to invest $1.7B to build EVs in South Carolina
BMW plans to invest $1.7 billion to build at least six EV models in the U.S. by the end of the decade. The investment announced Wednesday includes $1 billion toward BMW’s factory in Spartanburg, South Carolina and $700 million to fund a new battery cell plant nearby. The factory, which builds BMW’s portfolio of X… Continue reading BMW to invest $1.7B to build EVs in South Carolina
Don’t worry, Uber WILL find a way to advertise to you
Uber has officially launched its advertising division and unveiled its in-app ad experience, Journey Ads, in an attempt to drive more revenue. The company said Wednesday it will sell ad space inside its ride-hailing and Uber Eats apps, as well as in-vehicle digital ads, sponsored mails and storefront ads. Uber has historically tried to add… Continue reading Don’t worry, Uber WILL find a way to advertise to you
Bird exits Germany, Sweden, Norway and ‘several dozen’ US, EMEA markets
Shared micromobility company Bird is exiting several markets across the world as it struggles to build an economically viable business, according to a regulatory filing. Bird said it will “fully exit Germany, Sweden and Norway, as well as wind down operations in “several dozen additional, primarily small to mid-sized markets” across the U.S., Europe, the… Continue reading Bird exits Germany, Sweden, Norway and ‘several dozen’ US, EMEA markets
Rolls-Royce Spectre EV to launch next year with 260-mile range
Rolls-Royce plans to deliver its first EV, the Spectre two-door coupe, to customers late next year as it transitions toward becoming a fully electric brand by 2030. The company estimates that the Spectre will travel up to 260 miles on a fully charged battery, deliver 577 horsepower and zip from 0 to 60 mph in… Continue reading Rolls-Royce Spectre EV to launch next year with 260-mile range