Zoox has built dozens of custom-built electric robotaxis and is testing them in one or more “semi-private courses” in California, according to the company’s co-founder and CTO Jesse Levinson. “We have dozens of them — not hundreds yet, but it’s very far into the double digits, said Levinson, referring to the total number of robotaxis… Continue reading Zoox robotaxis are already mingling with the public on semi-private test courses
Author: Tech Crunch Online News
California agency sues Tesla for alleged racial discrimination and harassment
The California Department of Fair Employment and Housing filed a lawsuit against Tesla on Wednesday alleging racial discrimination and harassment. The complaint, which was filed in state court, calls out issues at Tesla’s Fremont, California manufacturing plant. The California agency had received “hundreds of complaints from workers” and found evidence that the Fremont factory is… Continue reading California agency sues Tesla for alleged racial discrimination and harassment
Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Today after the bell, Uber reported its fourth-quarter financial performance. The company saw $25.9 billion in gross platform spend, up 51% compared to its year-ago result, and revenues of $5.78 billion, up 83% compare to Q4 2020. The company also reported GAAP net income of $0.44 per share, though that number did include non-operating items… Continue reading Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Shared mobility company GoTo Global is going public through a shell company merger
GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to close in early April, which will initially give GoTo access to the… Continue reading Shared mobility company GoTo Global is going public through a shell company merger
Lyft’s revenue growth masks active riders slippage
U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ expectations. The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard by the… Continue reading Lyft’s revenue growth masks active riders slippage
Subaru opens up reservations for its first EV, the Solterra
Forget the electric pickup truck wars, which has Ford, GM and Rivian duking it out for market share. The electric wagon-meets-crossover battle is heating up with Toyota, Subaru, Hyundai and Kia all introducing new EVs this year. The latest is Subaru, which opened up reservations Tuesday for its upcoming 2023 Solterra EV. The Solterra, the… Continue reading Subaru opens up reservations for its first EV, the Solterra
Automotive simulation platform Morai secures $20.8M Series B to expand its global footprint
Morai, which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, announced today it has raised $20.8 million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., Germany, Japan and Singapore. The fresh capital was… Continue reading Automotive simulation platform Morai secures $20.8M Series B to expand its global footprint
The Station: Autonowashing floodwaters are rising, driving the Kia EV6, and Cruise unlocks more Softbank cash
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Autonowashing… Continue reading The Station: Autonowashing floodwaters are rising, driving the Kia EV6, and Cruise unlocks more Softbank cash
Joby Aviation to launch air taxi service in South Korea
California-based electric vertical takeoff and landing startup Joby Aviation plans to offer an air taxi service in South Korea in partnership with SK Telecom (SKT), one of the country’s largest telecommunication companies. The two partners signed a strategic collaboration agreement on Sunday at Joby’s manufacturing facility in Marina, California. To provide better integration between land… Continue reading Joby Aviation to launch air taxi service in South Korea
In Ford’s transition to EVs, cost-cutting takes center stage
Ford has made cost-cutting a key piece of its EV strategy as the company works to improve profit margins while meeting what CEO Jim Farley has called “incredible demand” of its new electric vehicle models. During the company’s fourth-quarter and full-year earnings call on Thursday, Farley said Ford has set up a task force dedicated to… Continue reading In Ford’s transition to EVs, cost-cutting takes center stage