The 2022 Escalade is heading into production, but it’ll be missing a key feature when the first customers pick up their new ride: the hands-free driving mode known as Super Cruise. It’s the latest feature to get the axe as a result of the global semiconductor shortage, which has been an especially big drain on… Continue reading Cadillac axes Escalade’s hands-free driving feature due to chip shortage
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Amazon’s automotive efforts appear to be taking a pit stop
Amazon laid out its plans to make ambient computing an even bigger part of its customers’ lives at its hardware and services event on Tuesday. But while that vision includes surveillance drones and being followed around your home by a rolling Alexa-on-wheels called Astro, it was missing products for the other place people spend a… Continue reading Amazon’s automotive efforts appear to be taking a pit stop
Chinese battery maker CATL to acquire Canada’s Millennial Lithium …
Canada’s Millennial Lithium Corp said late Tuesday Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million), after outbidding compatriot Ganfeng Lithium. CATL had proposed an offer of C$3.85 per share in cash earlier this month, Argentina-focused Millennial Lithium said, outbidding the C$3.60 per share offer made in… Continue reading Chinese battery maker CATL to acquire Canada’s Millennial Lithium …
China Evergrande to sell $1.5b stake in Shengjing Bank to state firm
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake in Shengjing Bank Co Ltd to a state-owned asset management company. Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle the… Continue reading China Evergrande to sell $1.5b stake in Shengjing Bank to state firm
Tesla asks owners to share fewer clips of ‘Full Self-Driving’ beta mistakes
Tesla is making owners who opt in to the controversial beta version of its “Full Self-Driving” software sign non-disclosure agreements and is also discouraging them from sharing video clips that show the driver assistance system making mistakes. According to a copy of the NDA obtained by Vice, Tesla tells those who sign the document that… Continue reading Tesla asks owners to share fewer clips of ‘Full Self-Driving’ beta mistakes
Toyota’s Woven Planet acquires vehicle operating system developer Renovo Motors
Toyota subsidiary Woven Planet Holdings has made its third acquisition in less than a year in its bid to invest in, develop and eventually bring future-of-transportation technologies like automated driving to market. This time, it’s Renovo Motors, the automotive operating system developer based in Silicon Valley that made its first big splash in 2015, when… Continue reading Toyota’s Woven Planet acquires vehicle operating system developer Renovo Motors
Dance raises another $19.4 million for its e-bike subscription service
German startup Dance has raised $19.4 million in new funding (€16.5 million). The news comes just weeks after the company started rolling out its e-bike subscription service in Berlin. Eurazeo is leading today’s funding round. HV Capital and BlueYard are also investing, as well as Dave Morin and James Higa from Offline Ventures, Nicolas Berggruen,… Continue reading Dance raises another $19.4 million for its e-bike subscription service
Lamborghini’s vision for an alternative-fuel future
Car enthusiasts have a history of electric-car hesitancy. While some are fully on board with electrification and hybridization, there are still some petrol holdouts, especially at the rarified and pointy end-of-the-price spectrum like Lamborghini. The push for electrification and hybrid powertrains poses a significant challenge to the carmaker known for creating striking, bespoke containers for… Continue reading Lamborghini’s vision for an alternative-fuel future
Ford recalls Mustang Mach-Es over risk of glass roof flying off
Ford is recalling the Mustang Mach-E out of concern that the windshield and panoramic roof could leak or, worse, come flying off during a crash or while driving. Nearly 18,000 of the electric SUVs sold to date are at risk of the former, though Ford says only around 13,000 of them run the risk of… Continue reading Ford recalls Mustang Mach-Es over risk of glass roof flying off
The Station: Tesla rolls out its FSD beta button, delivery deals heat up, micromobility evolves
Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Aria and Rebecca have a lot to share this week, so I’ll keep my intro short. I want to direct your attention to my latest podcast episode over… Continue reading The Station: Tesla rolls out its FSD beta button, delivery deals heat up, micromobility evolves