Ride-hailing giant Uber is shutting down its free loyalty program, Uber Rewards, so it can focus on its subscription-based Uber One membership. Uber first launched the rewards program in 2018 as a sort of frequent flyer scheme that allowed riders to earn points for every dollar spent on rides or Uber Eats deliveries. Those points… Continue reading Uber to sunset free loyalty program in favor of subscription membership
Author: Tech Crunch Online News
Daily Crunch: Samsung’s vice chairman receives presidential pardon for bribery conviction
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Last night was a full moon, somehow it’s already halfway through August, and did you know there’s a Beach Plum LaCroix flavor? The world’s gone topsy-turvy, but at least it’s time for… Continue reading Daily Crunch: Samsung’s vice chairman receives presidential pardon for bribery conviction
EV laggards BMW and Toyota to partner on hydrogen fuel cell vehicles
BMW and Toyota will team up to produce hydrogen fuel cell vehicles starting mid-decade, according to a report in Nikkei Asia. The two will begin producing and selling hydrogen fuel cell vehicles developed jointly as early as 2025, BMW sales chief Pieter Nota told the publication. The automakers have worked together before, jointly developing the… Continue reading EV laggards BMW and Toyota to partner on hydrogen fuel cell vehicles
Rivian delivers on Q2 revenue, expects loss to widen another $700M
Rivian is holding on tight to its goal of delivering 25,000 electric vehicles by year’s end, but to get there it now anticipates to burn an extra $700 million. The automaker tucked the revised guidance within its second-quarter earnings report, telling investors that it expects to lose a whopping $5.45 billion in 2022, up from… Continue reading Rivian delivers on Q2 revenue, expects loss to widen another $700M
3 things to watch for on Rivian’s Q2 earnings day
Rivian, the EV startup that went public last year in one of the largest IPOs in U.S. history, has bucked the trend set by Tesla and other EV makers during the first half of the year. Tesla, the world’s largest EV maker, reported two consecutive quarters of delivery declines stemming from delays in the supply… Continue reading 3 things to watch for on Rivian’s Q2 earnings day
Orange EV raises a truckload of cash to make yard trucks less dinosaur-y
Sure, they aren’t as sexy as a Tesla, and they don’t get the press columns of long-haul trucking, but so-called yard trucks are an interesting subset of vehicles that benefit disproportionally from being electric. Orange EV just raised a truck-load of cash to electrify one of the easiest-to-electrify corners of the logistics pipelines: the trucks… Continue reading Orange EV raises a truckload of cash to make yard trucks less dinosaur-y
Arrival slashes production targets to just 20 EV vans as part of restructuring
Arrival, the U.K.-based commercial EV startup turned publicly traded company, has lowered its delivery plans from 400 vehicles to 20 as it postpones development of its battery-electric buses and shifts gears to focus on vans. The company, which reported Thursday widening losses for the second quarter, said it no longer expects to generate revenue in… Continue reading Arrival slashes production targets to just 20 EV vans as part of restructuring
Ralph Nader asks NHTSA to recall Tesla’s ‘dangerous and irresponsible’ FSD
Ralph Nader, a political and consumer advocate and former presidential candidate, has issued a statement calling Tesla’s “so-called” full self-driving (FSD) technology “one of the most dangerous and irresponsible actions by a car company in decades.” Nader is calling on the National Highway Traffic Safety Administration (NHTSA) to use its safety recall authority to order… Continue reading Ralph Nader asks NHTSA to recall Tesla’s ‘dangerous and irresponsible’ FSD
Nikola taps its president for CEO post
Electric truck maker Nikola announced Wednesday that President Michael Lohscheller will become CEO on January 1. Lohscheller, who will replace CEO Mark Russell upon his retirement, has joined the Nikola Board of Directors, effective immediately. He served as CEO of Opel and VinFast, as well as CFO at Volkswagen Group of America and Mitsubishi Motors… Continue reading Nikola taps its president for CEO post
Ford locks in solar energy deal with DTE Energy
Ford said Wednesday it has reached a deal with DTE Energy to power its electricity supply in Michigan with clean energy, a step toward its goal to become carbon neutral by 2050. The automaker’s deal with DTE, Michigan’s largest producer of renewable energy, will add 650 megawatts of new solar energy capacity in the state… Continue reading Ford locks in solar energy deal with DTE Energy