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
Author: Tech Crunch Online News
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
GM Ventures invests in startup building fast charge-capable battery tech
Soelect, a battery technology startup based in North Carolina, has closed an $11 million Series A round. It plans to use the fresh capital to scale its fast charge-capable anode technologies that might enable the next generation of batteries for electric vehicles. Alongside lead investor Lotte Chemical and investment company KTB Network, General Motors’ corporate… Continue reading GM Ventures invests in startup building fast charge-capable battery tech
Lamborghini is still figuring out its first EV
Lamborghini Chairman and CEO Stephan Winkelmann has no time for celebration, despite being at the helm of an automaker that posted an all-time sales record for 2021 — a milestone driven by demand for its ultra luxury Urus SUV. The leader of the Italian supercar maker has more pressing matters than basking in the glory… Continue reading Lamborghini is still figuring out its first EV
EV SPAC Faraday Future is restructuring leadership following review of inaccurate statements to investors
Faraday Future is revamping its board, cutting the pay of two top executives and suspending at least one other, following an internal investigation that determined employees made inaccurate statements to investors and that its “corporate culture failed to sufficiently prioritize compliance,” according to a regulatory filing. Faraday Future, which has had a long string of… Continue reading EV SPAC Faraday Future is restructuring leadership following review of inaccurate statements to investors
GM’s Chevy Silverado EV already has 110,000 reservations
General Motors said it has secured more than 110,000 reservations for its new all-electric Chevrolet Silverado, which includes reservations from more than 240 fleet operators, Chair and CEO Mary Barra said in the company’s full-year and fourth quarter earnings letter to shareholders. The fresh reservations details on Chevy Silverado EV comes just a few weeks… Continue reading GM’s Chevy Silverado EV already has 110,000 reservations