Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! In case you missed it, Tesla CEO Elon Musk said the company would launch a paid ride-hailing service with a fleet of driverless vehicles in Austin in… Continue reading Boom goes supersonic and Elon promises a self-driving service by summer
Tag: GM
GM says its EVs are now “profit positive”
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The Inner Circle acknowledges Willette Murphy Klausner as a Top Pinnacle Professional
LOS ANGELES, Jan. 30, 2025 /PRNewswire/ — Willette Murphy Klausner shines brightly in The Inner Circle, celebrated as a Top Pinnacle Professional for her groundbreaking contributions as a Trailblazer in Theater and Film Production. Continue Reading Willette Murphy Klausner Ms. Klausner, a visionary leader in theater and film, has left an indelible mark on the entertainment… Continue reading The Inner Circle acknowledges Willette Murphy Klausner as a Top Pinnacle Professional
Finout Raises $40M in Series C Funding
Finout, a Tel Aviv, Israel-based FinOps-for-enterprise platform, raised $40M in Series C funding. The round was led by Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments. The company intends to use the funds to expand operations and its development efforts. Led by CEO Roi Ravhon, Finout develops a cloud cost… Continue reading Finout Raises $40M in Series C Funding
Why GM stock has gotten hit hard on earnings
General Motors’ (GM) hot stock has sprung a leak after its latest earnings report on Tuesday. Shares of the auto giant fell as much as 11% on Tuesday and closed down 9%. It marked the worst day for the stock since March 2020. The stock shed another 1% through midday trading on Wednesday. The stock… Continue reading Why GM stock has gotten hit hard on earnings
UVeye Raises $191M in Funding
UVeye, a Teaneck, NJ-based AI-driven vehicle inspection technology company, raised $191M in funding. The round, which brought the total amount to $380.5M, was led by Woven Capital with participation from UMC Capital and MyBerg along with existing investors W.R. Berkley, Menora Mivtachim, and More Investment House for $41M in equity financing; Trinity Capital structured the $150M debt facility. The company intends to use the funds to expand globally, increase large-scale… Continue reading UVeye Raises $191M in Funding
German FAZ: First elephant birth since 57 years008638
If everything goes well, 2025 will go down in the history of the Opel Zoo with a major event. In May or June, the elephant cow Kariba is to give birth to a young animal after 22 months. It would be the first elephant birth in the Zoo in Taunus for 57 years. The veterinarian… Continue reading German FAZ: First elephant birth since 57 years008638
UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel
(Bloomberg) — American Axle & Manufacturing Holdings Inc., a maker of drivetrain components, has agreed to combine with UK peer Dowlais Group Plc in a transatlantic automotive deal. Most Read from Bloomberg A cash-and-share deal valued at about £1.16 billion ($1.44 billion) represents a premium of around 25% to Dowlais’ Jan. 28 closing share price,… Continue reading UK Car Parts Maker Dowlais Agrees to $1.2 Billion Merger With American Axel
GM’s 100-year-old China business can’t keep up with the EV boom there
Mary Barra, CEO of General Motors, got a question at a recent panel that almost every auto CEO has grappled with in the past year: Why is your company doing so poorly in China? Less than a decade ago, China was an easy source of cash for GM, an “automatic” $2 billion-a-year dividend for investors,… Continue reading GM’s 100-year-old China business can’t keep up with the EV boom there
Electric Vehicles Today – Driving Growth: Forecasting The Billion-Dollar Market Expansion
The global electric vehicle market is set to experience robust growth, projected to expand from USD 600.13 billion in 2024 to USD 1.58 trillion by 2033, with a compound annual growth rate (CAGR) of 11.43%. This expansion is driven by increased public awareness, the need for reduced emissions, advancements in battery technology, and supportive government… Continue reading Electric Vehicles Today – Driving Growth: Forecasting The Billion-Dollar Market Expansion