Three recent deals have given Aurora access to ride-hailing and car-building expertise. The latest, a partnership with Toyota, puts Aurora in a better position to compete with Waymo. But Aurora still has to prove it can put robotaxis on the road. Visit the Business section of Insider for more stories. Aurora Innovation has announced three… Continue reading Joining with Toyota and Uber gives Amazon-backed Aurora the tools it needs to take on self-driving leader Waymo
Tag: GM
Electric vehicles force carmakers to reinvent the wheel, and brakes, and mirrors …
The pronouncement is likely to apply more pressure on more automakers, both in the United States and abroad, to beef up their electric efforts, and on the fossil fuel industry to find alternatives to its oil and gasoline products. Taking a cue from its Swedish colleagues at Volvo and the pragmatic views of automotive product… Continue reading Electric vehicles force carmakers to reinvent the wheel, and brakes, and mirrors …
BusUp Raises $6M in Series A Funding
BusUp, a Spanish corporate bus commuter management solution in the E.U. and LatAm, closed its $6m Series A financing. The round was led by Proeza Ventures, and supported by US transportation venture capital firm Autotech Ventures (investor in Lyft and Volta Charging), and IESE’s Business School venture fund Finaves V, among others. The company intends… Continue reading BusUp Raises $6M in Series A Funding
Volkswagen Thinking About Flying Vehicles In China – CarScoops
Volkswagen is investigating the future of flying vehicles in China. In a recent statement, the company indicating that vertical mobility “could be a next step to take our mobility approach into the future” adding that it is “investigating potential concepts and partners in a feasibility study to identify the possibility to industrialize this approach.” That’s… Continue reading Volkswagen Thinking About Flying Vehicles In China – CarScoops
General Motors (GM) Posts Strong Beat, Sees 2021 Profit Up Despite Chip Shortage – Bloomberg
General Motors (GM) Posts Strong Beat, Sees 2021 Profit Up Despite Chip Shortage Bloomberg Go to Source
Twitter has thought about holding bitcoin, not decided yet: CNBC – Reuters
By Reuters Staff 2 Min Read FILE PHOTO: The Twitter logo is seen outside the company headquarters in San Francisco, California, U.S., January 11, 2021. REUTERS/Stephen Lam/File Photo (Reuters) – Twitter Inc has thought about whether to hold bitcoin on its balance sheet, but has not made any changes yet, the social media platform’s chief… Continue reading Twitter has thought about holding bitcoin, not decided yet: CNBC – Reuters
World NM: GM sacrifices profits in $27bn electric drive000847
General Motors will spend $27bn (£22bn) on phasing out all petrol and diesel-powered vehicles by 2035 despite admitting its electric drive will come at the expense of profits. The company will spend more than $7bn on electric and self-driving vehicles this year and develop 30 battery-driven models by 2025. Toyota raised its profit forecasts by more… Continue reading World NM: GM sacrifices profits in $27bn electric drive000847
GM’s Mary Barra: Semiconductor chip shortage won’t disrupt truck production
General Motors CEO Mary Barra said Wednesday the industry-wide shortage of semiconductor chips will not affect production of GM’s highly profitable pickups and SUVs this year. It’s a bold statement given that Ford Motor Co. has seen its F-150 production disrupted due to the parts shortage. Barra said while discussing GM’s annual earnings report that the chip shortfall also will not derail… Continue reading GM’s Mary Barra: Semiconductor chip shortage won’t disrupt truck production
2021 Ford Ranger Tremor pickup delivers off-road performance and value
The off-road trails will be a bit more crowded this spring, because the 2021 Ford Ranger Tremor pickup is about to hit the road. Boasting more ride height, Fox off-road shocks and more, the Ranger is Ford’s answer to off-road pickup models like the Chevrolet Colorado ZR2, Jeep Gladiator Mojave, Nissan Frontier Pro-4X and Toyota Tacoma… Continue reading 2021 Ford Ranger Tremor pickup delivers off-road performance and value
GM’s UAW workers to get $9,000 profit sharing checks this year
General Motors reported solid fourth-quarter and year-end results Wednesday despite an eight-week production shutdown caused by the COVID-19 pandemic and the impact of the Takata airbag-inflator recall announced in November. GM’s total market share rose to 18.32% compared with 17.09% in the year-earlier quarter, said Cox Automotive. It is the largest year-over-year gain in total U.S. market share since 1990.… Continue reading GM’s UAW workers to get $9,000 profit sharing checks this year