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UPDATE 2-Tesla’s Musk agrees to new vetting rules for tweets in SEC deal

NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over his use of Twitter, agreeing to submit his public statements about the company’s finances and other topics to vetting by its legal counsel, according to a court filing on… Continue reading UPDATE 2-Tesla’s Musk agrees to new vetting rules for tweets in SEC deal

Wheely Secures $15M in Series B Funding

Wheely, a London, UK-based luxury ride hailing startup, raised $15m in Series B funding. The round was led by Concentric with participation from Oleg Tscheltzoff, Misha Sokolov and others. The company intends to use the funds to continue to expand its reach, starting with Paris in the next summer. Founded in 2010 by Anton Chirkunov,… Continue reading Wheely Secures $15M in Series B Funding

UPDATE 1-Toyota abandons plan to install U.S connected vehicle tech by 2021

WASHINGTON (Reuters) – Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.… Continue reading UPDATE 1-Toyota abandons plan to install U.S connected vehicle tech by 2021

Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1, where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in… Continue reading Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Toyota abandons plan to install U.S connected vehicle tech by 2021

WASHINGTON (Reuters) – Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.… Continue reading Toyota abandons plan to install U.S connected vehicle tech by 2021

UPDATE 1-Tesla’s Elon Musk reaches deal with SEC over Twitter use

NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over Musk’s use of Twitter, according to a court filing on Friday. FILE PHOTO: Tesla Inc. CEO Elon Musk (C) exits after attending a S.E.C. hearing at the Manhattan Federal… Continue reading UPDATE 1-Tesla’s Elon Musk reaches deal with SEC over Twitter use

DOE awards WAVE $8.4 million to develop charging platform for EV drayage truck

The DOE has awarded $8.4 million to EV technology company WAVE (Wireless Advanced Vehicle Electrification) to develop and deploy high-power, fact-charging technology for EV drayage trucks at the Port of Los Angeles. WAVE will partner with Cummins, Schneider Electric, Utah State University and Total Transportation Services (TTSI) to develop a 500 kW wireless inductive charger… Continue reading DOE awards WAVE $8.4 million to develop charging platform for EV drayage truck

Autonomous Scooter Uses AI to Learn Your Favorite Routes

A Smarter Last Mile UK-based design agency Layer has teamed up with Chinese electric car maker Nio to create a smart scooter that can learn where you want to go. Once “Pal” learns your preferred routes, the smart scooter can autonomously take you to your destination. On its website, Layer calls the scooter a “near-future prototype” that “embraces… Continue reading Autonomous Scooter Uses AI to Learn Your Favorite Routes

Uber unveils IPO terms that temper expectations

(Reuters) – Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing on Friday, is less than the $120 billion that investment bankers told Uber last year it… Continue reading Uber unveils IPO terms that temper expectations