The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point… Continue reading Elon dodges liability, Ford falters and Rivian lays off more workers
Author: Tech Crunch Online News
Elon Musk, Tesla found not liable in ‘funding secured’ tweet lawsuit
Elon Musk was found not liable in a class-action securities fraud trial that centered on the Tesla CEO’s now infamous “funding secured” tweet. After less than 90 minutes of deliberation, a jury announced the verdict in the trial that kicked off three weeks ago in San Francisco. The outcome of the trial sent Tesla shares… Continue reading Elon Musk, Tesla found not liable in ‘funding secured’ tweet lawsuit
Tesla, Ford and GM win in EV tax credit change
A few more electric vehicle models now qualify for the federal EV tax credit, including GM’s Cadillac Lyric, the Ford Mustang Mach-E and Tesla’s five-seater Model Y, thanks to a change by the U.S. Treasury. The U.S. Treasury Department updated Friday the vehicle classification standard, revising a definition that determines which EVs are eligible for… Continue reading Tesla, Ford and GM win in EV tax credit change
Car-sharing SPAC Getaround lays off 10% of staff
Peer-to-peer car-sharing company Getaround is laying off 10% of staff starting Thursday. The layoffs are part of a restructure aimed to put Getaround on the path to “sustainable profitability and long-term growth,” the company said in a statement. Per LinkedIn, Getaround has 421 employees, so the staff cuts should affect around 42 employees. Getaround would… Continue reading Car-sharing SPAC Getaround lays off 10% of staff
Ford left ‘$2B of profits on the table’ in 2022
Ford reported Thursday it earned $10.4 billion in net income last year, falling well below its own guidance and missing Wall Street’s expectations as the U.S. automaker struggled with supply chain issues and production instability that drove down sales and pushed operating costs higher. Shares fell as much as 8.3% in after-market trading, before recovering.… Continue reading Ford left ‘$2B of profits on the table’ in 2022
Bollinger Motors sues Munro Vehicles over similarity of its EVs
Two EV startups may soon be battling it out in court over alleged breach of contract and patent infringement. EV startup Bollinger Motors filed a lawsuit this week in the U.S. District of Southern New York against Munro Vehicles, and its head designer, over alleged breach of contract, patent infringement and trade dress infringement, according… Continue reading Bollinger Motors sues Munro Vehicles over similarity of its EVs
Lyft wants to reshape shared micromobility with dockable e-scooter
Lyft wants to see a more organized shared micromobility landscape, with fewer free-floating scooters and more dependable, docked vehicles. To help achieve this vision, the company revealed Thursday its next-generation dockable e-scooter and updated docking stations. While mainly a ride-hail operator, Lyft also provides docked bikeshare programs in eight cities across the U.S. Last year,… Continue reading Lyft wants to reshape shared micromobility with dockable e-scooter
China’s EV upstart Xpeng ready to take off with flying permit
Xpeng, a Chinese electric vehicle upstart, is gearing up to launch its eVTOL into the air as it secures a key regulatory greenlight. Aeroht, owned by Xpeng and Xpeng founder He Xiaopeng, just obtained a special flight permit from the Civil Aviation Administration of China, the country’s counterpart to the U.S. Federal Aviation Administration. The… Continue reading China’s EV upstart Xpeng ready to take off with flying permit
Nissan finally shows off the Max-Out EV convertible concept in IRL
Way back in November 2021, Nissan shared renderings of four electric vehicle concepts with intriguing names like Chill-Out, Surf-Out, Hang-Out and Max-Out as part of its announcement to invest $17.6 billion to develop new EVs and battery technology. Nissan has finally showed a physical version of one of those concepts — the Nissan Max-Out EV… Continue reading Nissan finally shows off the Max-Out EV convertible concept in IRL
Car-sharing platform Getaround gets delisting warning from NYSE
The New York Stock Exchange has issued a delisting warning to peer-to-peer car rental company Getaround for trading too low, according to the company. Getaround debuted on the public markets in December after merging with a special purpose acquisition company (SPAC). The combined company’s stock began trading at around $10 per share and promptly lost… Continue reading Car-sharing platform Getaround gets delisting warning from NYSE