We cover a lot of health startups here on TechCrunch, and you know what it’s really hard to get any sort of excitement about? An online pharmacy that raised yet another round of funding. Don’t get me wrong, Alto Pharmacy raising a Series E is impressive, as is raising $200 million. But realistically, those companies… Continue reading Pitch Deck Teardown: Alto Pharmacy’s $200M Series E deck
Author: Tech Crunch Online News
Pony.ai forms autonomous truck JV with Sany Heavy Truck in China
Autonomous vehicle company Pony.ai is forming a strategic joint venture with Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry, to create an autonomous truck brand. The plan is to combine Pony.ai’s “virtual driver” with Sany’s technical prowess in building heavy-duty trucks to build automotive-grade self-driving trucks with Level 4 autonomy,… Continue reading Pony.ai forms autonomous truck JV with Sany Heavy Truck in China
Ford posts Q2 profit, expects to produce 14,000 EVs this month
Ford Motor has dodged some of the pain and losses that rival General Motors experienced in the second quarter. Ford reported Wednesday $40.2 billion in revenue, a 50% increase from the same period last year, and an adjusted operating income that tripled to $3.7 billion. Those figures, which absolutely crushed Wall Street expectations, sent shares… Continue reading Ford posts Q2 profit, expects to produce 14,000 EVs this month
Apple hires Lamborghini executive to help steer EV program
Apple has hired a 20-year veteran of supercar maker Lamborghini to work on the tech company’s not-so-secret electric autonomous vehicle program, according to a report by Bloomberg. The executive, Luigi Taraborrelli, appears to have left Lamborghini in May 2022, according to his LinkedIn profile. Taraborrelli has worked at Lamborghini for nearly 21 years, mostly recently… Continue reading Apple hires Lamborghini executive to help steer EV program
Rivian begins laying off 6% of workforce
Rivian has started laying off about 6% of its workforce as part of a restructuring plan, according to an internal email from founder and CEO RJ Scaringe. The companywide email, which was sent out Wednesday and viewed by TechCrunch, alerted all employees that those affected would receive an email invite from their manager with more… Continue reading Rivian begins laying off 6% of workforce
3 indicators to watch for on Stellantis Q2 earnings day
Compared to this year’s drumbeat of announcements from car companies touting future battery-electric models, Stellantis has remained quiet, focusing on plug-in hybrids instead. The Amsterdam-based joint venture between Fiat-Chrysler and PSA Group is pursuing electrification aggressively, targeting a goal to sell five million EVs globally by 2030 – and preparing to introduce a suite of… Continue reading 3 indicators to watch for on Stellantis Q2 earnings day
Cruise hopes ramping its robotaxi service will U-turn its cash burn
Cruise, the General Motors subsidiary dedicated to commercializing autonomous vehicles, saw a jump in expenses during the second quarter as the company launched its first commercial robotaxi service in San Francisco. Cruise’s expenses hit around $550 million compared to $332 million during the same quarter of last year. Operating losses in the second quarter topped… Continue reading Cruise hopes ramping its robotaxi service will U-turn its cash burn
3 indicators to watch for on Ford Q2 earnings day
While much of the automotive industry has suffered a downturn due to a lack of supply to meet pent-up demand, Ford has bucked the trend. At least, in terms of sales goals so far this year. Industry wide, new vehicle sales in the U.S. dropped 20.3% for the second quarter, to 3.53 million, compared with… Continue reading 3 indicators to watch for on Ford Q2 earnings day
Zoox robotaxi with supercar DNA rolls toward SF, Vegas, Seattle streets
The Zoox robotaxi has more in common with a supercar than you think. Look past the Zoox’s breadbox-shaped exterior and inside is the same carbon fiber cabin that can be found in a McLaren. “Yes, we know that supplier very well,” Andy Piper, Zoox’s VP of vehicle development, told TechCrunch, when it’s pointed out that… Continue reading Zoox robotaxi with supercar DNA rolls toward SF, Vegas, Seattle streets
Sono Motors reveals final design of its solar-charging Sion EV
Sono Motors unveiled this week the final production design of the Sion EV, a solar electric vehicle that’s been in the making since the Munich-based startup launched in 2016. It’s been a long and bumpy road for Sono Motors, a journey that involved a couple of crowdfunding campaigns, a near insolvency and a debut on… Continue reading Sono Motors reveals final design of its solar-charging Sion EV