Lucid Group eked out a small win in 2022. The EV automaker said Thursday it produced 7,180 of its luxury Air sedans in 2022, exceeding its previously lowered guidance for the year. Lucid adjusted its guidance last fall, stating it would produce 6,000 to 7,000 vehicles in 2022. Shares popped more than 6% immediately following… Continue reading Lucid shares pop after exceeding EV production goal
Author: Tech Crunch Online News
Why the time is right for a Mercedes-Benz charging network
When your Rolex is due for servicing, you’ll probably take the time to take it to a specialty service center. Likewise, you’re not going to trust the repair of the crimson soles of your Louboutins to the corner shoe-shiner. So why, then, should you be forced to use any plebeian charging network for your premium… Continue reading Why the time is right for a Mercedes-Benz charging network
Tesla plans $770M expansion at Texas factory
Tesla notified Texas regulators this week it plans to invest about $770 million into an expansion of its factory near Austin. The automaker registered plans with the Texas Department of Licensing and Registration. The Austin Business Journal and CNBC were the first to report on the filings. The filings show Tesla intends to build new… Continue reading Tesla plans $770M expansion at Texas factory
All US domestic flights grounded as key FAA system goes down
Flights across the U.S. – including potentially all that fly through any domestic U.S. airspace – are delayed this morning as a major system outage means the Federal Aviation Authority (FAA) can’t send out key hazard notices to commercial pilots. The FAA says it’s working to resolve the issue, but the widespread impact continues as… Continue reading All US domestic flights grounded as key FAA system goes down
Oxbotica raises $140M more as its B2B autonomous vehicle platform gains ground
Activity in the self-driving car industry, frenetic for years, has somewhat stalled in more recent times, but a handful of the most promising companies are continuing to see their businesses grow and attract investment in the process. In one of the more recent developments, Oxbotica, a startup out of England that develops software to power… Continue reading Oxbotica raises $140M more as its B2B autonomous vehicle platform gains ground
Scale AI cuts 20% of its workforce
Scale AI, the San Francisco-based company that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, laid off 20% of its workforce this week. The decision, which was announced by founder and CEO Alexandr Wang via a company blog post, was made after rapid hiring in… Continue reading Scale AI cuts 20% of its workforce
Jetstream, a Ghanaian e-logistics platform for Africa’s B2B importers and exporters, takes in $13M equity, debt
The market for cross-border logistics services is said to hit revenues of $32 billion by 2025, with several companies vying for market share in the ever-growing competitive industry. Ghanaian e-logistics startup Jetstream Africa is on the list, and today, it’s announcing that it has secured $13 million in equity and debt pre-Series A financing. Fintech… Continue reading Jetstream, a Ghanaian e-logistics platform for Africa’s B2B importers and exporters, takes in $13M equity, debt
Apple Maps teams up with parking app SpotHero to give users access to 8K parking options
Apple Maps launched a new parking feature that provides users with parking options and availability near a specific destination. In partnership with the digital parking reservation platform, SpotHero, Apple Maps users across the U.S. and Canada can now get parking information for over 8,000 locations. To use the new feature, launched late last week, iPhone… Continue reading Apple Maps teams up with parking app SpotHero to give users access to 8K parking options
In-car tech and EVs dominated CES 2023
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. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading In-car tech and EVs dominated CES 2023
All the tech (and other flashy features) stuffed into the Ram 1500 Revolution EV truck
Stellantis revealed during CES 2023 its answer to an increasingly crowded battery-electric truck market: A broad-shouldered pickup loaded with tech, a longer cabin with third-row jump seats, cup holders in the frunk and even a movie projector. The Ram 1500 Revolution BEV concept isn’t exactly what the Stellantis brand plans to put into production by… Continue reading All the tech (and other flashy features) stuffed into the Ram 1500 Revolution EV truck