Electric vehicle startup Canoo has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission, according to a regulatory filing. The SEC began investigating Canoo in May 2021, just a few months after the company merged with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation covered the Hennessy’s IPO and… Continue reading EV company Canoo agrees to $1.5M settlement with SEC
Author: Tech Crunch Online News
Waymo retires its self-driving Chrysler Pacifica minivan
More than five years ago, a newly minted Waymo took the wraps off of what would become its first commercialized autonomous vehicle: a Chrysler Pacifica Hybrid minivan loaded with sensors and software. Now, the minivan, a symbol of the early and hypey AV days, is headed for retirement as Waymo transitions its fleet to the… Continue reading Waymo retires its self-driving Chrysler Pacifica minivan
Uber expands Comfort Electric to 14 new US, Canadian markets
Uber is expanding Comfort Electric, the ride-hailing giant’s premium electric vehicle offering, to 14 new markets across the U.S. and Canada. Now, customers in a total of 40 North American markets can book a flashy, environmentally friendly ride. Eligible luxury EVs include Tesla models S, 3, X and Y, the Polestar 2, the Ford Mustang… Continue reading Uber expands Comfort Electric to 14 new US, Canadian markets
Jeep puts electrification front and center at Easter Jeep Safari
When Stellantis brand Jeep descended on Moab, Utah this week for its annual off-roading and concept roadshow, electrification ruled the road. The automaker showed off this week seven concepts — four of which are electrified — from the Jeep brand and Jeep Performance Parts (JPP) by Mopar ahead of the Easter Jeep Safari, an annual… Continue reading Jeep puts electrification front and center at Easter Jeep Safari
Lyft might drop shared rides, stay focused on basics under new CEO
Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told TechCrunch in a wide-ranging interview that other features may… Continue reading Lyft might drop shared rides, stay focused on basics under new CEO
Battery sourcing guidance might slash EV tax credits
The U.S. Treasury Department’s guidance on battery sourcing requirements for the electric vehicle tax credits will result in fewer vehicles being eligible for full or partial credits, reports Reuters, citing an unnamed U.S. official. The proposed EV credit guidance as included in the Inflation Reduction Act says that in order for vehicles to qualify for… Continue reading Battery sourcing guidance might slash EV tax credits
Online used-car marketplace Shift cuts workforce 30% following CarLotz merger
Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue plummet in the fourth quarter and its… Continue reading Online used-car marketplace Shift cuts workforce 30% following CarLotz merger
The market has changed, but super-voting shares are here to stay, says Mr. IPO
Yesterday, the ride-sharing company Lyft said its two co-founders, John Zimmer and Logan Green, are stepping down from managing the company’s day-to-day operations, though they are retaining their board seats. According to a related regulatory filing, they actually need to hang around as “service providers” to receive their original equity award agreements. (If Lyft is sold… Continue reading The market has changed, but super-voting shares are here to stay, says Mr. IPO
Saildrone takes the wraps off its Voyager autonomous research vessel
Saildrone has quickly risen to the surface of the growing field of autonomous seagoing vehicles — a category you could be forgiven for not knowing about but that is increasingly important across numerous industries. Its latest vessel, the Voyager, strikes a balance between its shorter Explorer and large-scale Surveyor, and they’re already making one a… Continue reading Saildrone takes the wraps off its Voyager autonomous research vessel
All the tech and features in the all-electric Kia EV9 SUV
Kia revealed Tuesday the next EV in its portfolio, a three-row flagship SUV called the EV9 that is packed with tech and a key product in the company’s mission to reach annual sales of 1.2 million battery electric vehicles by 2030. The South Korean automaker didn’t disclose pricing, but it did provide numerous details on… Continue reading All the tech and features in the all-electric Kia EV9 SUV