Arrival is going through another restructuring — this time led by a newly appointed CEO — that will slash its workforce by about 50% as the U.K.-based commercial EV company attempts to reduce operating costs and preserve cash. The company said Monday that Igor Torgov, former executive VP of digital at the company, has been… Continue reading EV company Arrival to cut workforce by 50% in third restructuring effort
Author: Tech Crunch Online News
Ford discounts its all-electric Mustang Mach-E in response to Tesla’s EV price war
Ford said Monday it has increased production and cut the price of its all-electric Mustang Mach-E crossover, the latest automaker to join an EV price war started by Tesla. Ford Mustang Mach-E vehicles are now between about 1% to 8.8% lower, depending on the trim level, according to the company, which emphasized that the discounts… Continue reading Ford discounts its all-electric Mustang Mach-E in response to Tesla’s EV price war
Elon takes the stand, Akio Toyoda hands over the CEO keys and layoffs come for Waymo
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 takes the stand, Akio Toyoda hands over the CEO keys and layoffs come for Waymo
Toyota’s surprise executive shakeup may disappoint investors
Toyota’s president, Akio Toyoda, surprised the automotive world this week by announcing he would resign his position and hand the reins over to Koji Sato, who currently helms the company’s Lexus and Gazoo Racing divisions. But Toyoda isn’t going far. The 66-year-old isn’t retiring outright, but instead retiring to the boardroom, where he’ll take over… Continue reading Toyota’s surprise executive shakeup may disappoint investors
Elon Musk is being investigated by the SEC for Tesla self-driving claims, report says
Tesla CEO Elon Musk is facing scrutiny by the U.S. Securities and Exchange Commission (SEC) regarding his specific comments and efforts to promote the automaker’s claims regarding its “self-driving” capabilities, Bloomberg reports. The SEC investigation into Musk is part of its overall efforts to determine whether Tesla has run afoul of its rules in promoting… Continue reading Elon Musk is being investigated by the SEC for Tesla self-driving claims, report says
Uber Eats now shows you how much of your information is shared with delivery people
Uber Eats is introducing a new feature that shows users how much of their personal information is shared with their delivery person when they place an order on the app. The feature, which is called “View as Delivery Person,” is designed to add a level of transparency when ordering food via the app. The feature… Continue reading Uber Eats now shows you how much of your information is shared with delivery people
Finn brings B2B car subscriptions to US
Finn, the Munich-based car subscription startup, is expanding beyond individual consumer rentals in the U.S. and into long-term business rentals. Car subscriptions offer flexibility, maintenance, roadside assistance and, in many cases, delivery of the vehicle directly to your door, and all for around the same price of a lease. For the consumer, that sounds great.… Continue reading Finn brings B2B car subscriptions to US
Tier Mobility and Spin lay off 100 more employees
Around a year ago, Tier Mobility was winning the shared micromobility game. Fueled by its $200 million Series D fundraise in October 2021, the company went on to acquire three other micromobility operators and a computer vision startup, giving it access to e-bikes — a reach that extended beyond Europe and into the U.S. —… Continue reading Tier Mobility and Spin lay off 100 more employees
Tesla reports $24.3B revenue in the fourth quarter, beating Street estimates
Tesla just beat Wall Street revenue estimates for the fourth quarter of 2022. The company closed out Q4 with $24.3 billion in revenue, a 37% increase from the same quarter last year and a 13% bump quarter-over-quarter. Analysts had expected the company to earn around $24.2 billion, according to Yahoo Finance data. The electric vehicle… Continue reading Tesla reports $24.3B revenue in the fourth quarter, beating Street estimates
Tesla’s energy storage arm caps 2022 with ‘highest level’ of deployments ever
The growth keeps coming for Tesla’s energy storage business. On Wednesday, the automaker said its home and utility-scale battery deployments reached 6.5 gigawatt hours (GWh) during its fiscal 2022, calling it “by far the highest level of deployments we have achieved.” That’s up from about 4 GWh in 2021. For context, the average American home… Continue reading Tesla’s energy storage arm caps 2022 with ‘highest level’ of deployments ever