The manufacturer Mercedes-Benz has released the Drive Pilot system with level 3 automation. In Germany, Level 3 vehicles have been allowed since 2017 be driven on public roads. With the Mercedes Benz S-Class and the EQS model, there are now also corresponding models to buy. However, the prices are not without: For the S-Class you… Continue reading Mercedes-Benz starts at level 3
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Lordstown reports $90 million loss and no progress on Foxconn deal
Lordstown Motors, the long-suffering battery-electric truck maker, said in a filing with the U.S. Securities and Exchange Commission on Monday that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern. Under the terms of the agreement, Taiwanese tech… Continue reading Lordstown reports $90 million loss and no progress on Foxconn deal
Ford did what Tesla won’t
Last fall, Ford began parading around a fully electric 1978 F-100 pickup truck that could accelerate 0–60 mph in around three seconds. The company brought it to YouTubers, automotive trade shows, Jay Leno, and even us. And we all agreed: we want this truck in our own garages. But for Ford, this car was far… Continue reading Ford did what Tesla won’t
Uber to cut costs, slow down hiring to turn lean, CEO tells employees
Uber Technologies Inc will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi. The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc said last week it would slow down the growth of its workforce. Khosrowshahi… Continue reading Uber to cut costs, slow down hiring to turn lean, CEO tells employees
German Handelsblatt: Electromobility: VW boss Diess sees close race with Tesla for market leadership004278
Herbert Diess The head of the VW Group sees Tesla as the main future competitor – and wants to achieve market leadership. (Photo: Bloomberg) Volkswagen boss Herbert Diess does not see the self-imposed goal of replacing Tesla as the world market leader in electric cars by 2025 as a sure-fire success. “It will be a… Continue reading German Handelsblatt: Electromobility: VW boss Diess sees close race with Tesla for market leadership004278
Sequoia backs $95m round of Indonesian used-car platform
Moladin said it currently has more than 40,000 agents and dealers across 135 cities in Indonesia. Go to Source
New UK company to build niche EVs
Watts will build a Porsche 356-inspired electric sports car at Cornwall, south west England Three automotive firms have joined forces to create “a new powerhouse in low-volume EV design, engineering and manufacturing” with headquarters in Cornwall and the West Midlands. The new company, Watt EV Holdings Ltd, is made up of Cornish firm Watt Electric… Continue reading New UK company to build niche EVs
Chinese new energy startup Greater Bay Technology raises $150m, joins unicorn club …
Guangzhou Greater Bay Technology, which is incubated by Chinese state-owned automaker GAC Group, has closed nearly 1 billion yuan ($149.8 million) in a Series A round to become the latest unicorn company from China’s new energy sector. The Guangzhou-based startup said in a statement on Thursday that it reached the unicorn valuation of over $1… Continue reading Chinese new energy startup Greater Bay Technology raises $150m, joins unicorn club …
Long before Tesla or the Leaf, this Nissan electric car claimed a 155-mile range
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Some new BMWs will reportedly come without Android Auto and Apple CarPlay
BMW is temporarily shipping some new vehicles without support for Android Auto and Apple CarPlay after changing chip suppliers, according to a report from Automotive News Europe (via 9to5Google). The chips from the new supplier reportedly aren’t compatible with Android Auto and CarPlay yet, and require an update for the software to work. “The chips… Continue reading Some new BMWs will reportedly come without Android Auto and Apple CarPlay