Motional, the Aptiv-Hyundai joint venture developing autonomous vehicle technology, cut its workforce this week — the latest example of layoffs in the AV industry and more broadly in the tech sector. Employees were told of the layoffs Wednesday, according to sources who asked not to be named because they are not authorized to speak for… Continue reading Hyundai-backed AV startup Motional cuts workforce
Tag: Uber
Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss
Uber on Tuesday reported revenue growth exceeding expectations from Wall Street, suggesting that the company has continued to recover from a pandemic slump as drivers return to the platform. But it posted a net loss, in part because of its investments in other ride-hailing companies. Revenue was $8.34 billion for the third quarter, a 72… Continue reading Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss
Tesla chief designer talks Cybertruck and teases upcoming new EV
Tesla chief designer Franz von Holzhausen gave a rare interview where he discussed the Cybertruck design and teased an upcoming new Tesla model. At Tesla, it’s fairly rare for executives not named “Musk” to be authorized to talk to the media. Franz von Holzhausen, who has been chief designer at Tesla for over a decade, is a… Continue reading Tesla chief designer talks Cybertruck and teases upcoming new EV
Kyte Accelerates Smarter Car Ownership Alternative with New Subscription Services
The company who pioneered cars-on-demand is expanding its Tesla subscription model for Economy, Sedan and SUV fleets, providing first of its kind solution to all transportation needs SAN FRANCISCO, Dec. 1, 2022 /PRNewswire/ — Kyte (https://kyte.com), the company pioneering cars-on-demand for daily, weekly or monthly use, today announced the launch of its new subscription service for… Continue reading Kyte Accelerates Smarter Car Ownership Alternative with New Subscription Services
GM tweeting has largely gone silent as Musk loses millions in ad dollars
General Motors’ temporary boycott of its advertising on Twitter seems to encompass much of its postings as well. The automaker has gone largely silent on Twitter since Oct. 27, the day billionaire and Tesla CEO Elon Musk bought the social media empire for $44 billion. Last month, GM said it would suspend its paid advertising… Continue reading GM tweeting has largely gone silent as Musk loses millions in ad dollars
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DETROIT, Nov 30 (Reuters) – Cruise, General Motors Co’s (GM.N) robotaxi unit, plans to enter a “large number of markets” and scale operations up to “thousands of vehicles” in 2023, Chief Operating Officer Gil West told Reuters. Cruise has announced plans to start offering rides in Austin and Phoenix, adding those cities to its current… Continue reading Untitled
Electric Air Taxi Market Size to Reach at 29.36% CAGR by 2028 says Brandessence Market Research
LONDON, Nov. 29, 2022 /PRNewswire/ — Electric Air Taxi Market is valued at USD 386.48 Million in 2021 and expected to reach USD 2342.73 Million by 2028 with a CAGR of 29.36% over the forecast period. There is an increase in the need for air mobility and that is significantly developing the need for electric mobility. What… Continue reading Electric Air Taxi Market Size to Reach at 29.36% CAGR by 2028 says Brandessence Market Research
Scientists Reexamine Why Zebra Stripes Mysteriously Repel Flies
For the current study, Tombak, then a PhD candidate at Princeton, and her team wanted to test stripe width to see if narrower ones might be even more repulsive to flies—a potential evolutionary advantage that would explain the difference between zebra species. They also restricted their experiment to close-range encounters to rule out the theory… Continue reading Scientists Reexamine Why Zebra Stripes Mysteriously Repel Flies
Global Micro-Mobility Market to Reach $6.1 Billion by 2027 at a CAGR of 12.5%
DUBLIN, Nov. 29, 2022 /PRNewswire/ — The “Global Micro-Mobility Market by Type (Bicycle, E-bike, E-kick Scooter), Propulsion (Pedal Assist & Electric), Ownership (B2B, B2C), Sharing (Docked, Dock-less), Data (Navigation, Payment), Travel Range, Speed and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering. The micro-mobility market is estimated to grow from USD… Continue reading Global Micro-Mobility Market to Reach $6.1 Billion by 2027 at a CAGR of 12.5%
Electric Air Taxi Market Size to Reach at 29.36% CAGR by 2028 says Brandessence Market Research
LONDON, Nov. 29, 2022 /PRNewswire/ — Electric Air Taxi Market is valued at USD 386.48 Million in 2021 and expected to reach USD 2342.73 Million by 2028 with a CAGR of 29.36% over the forecast period. There is an increase in the need for air mobility and that is significantly developing the need for electric mobility. What… Continue reading Electric Air Taxi Market Size to Reach at 29.36% CAGR by 2028 says Brandessence Market Research