GM kills its electric bike project, Ariv

GM has killed its first electric bike. The automaker’s Ariv e-bikes, pronounced like “arrive” and stylized as “ARĪV,” were released last year in a handful of countries in Europe. But thanks to COVID-19, the company said it has decided to wind down its e-bike production. The website where customers previously could place orders now redirects… Continue reading GM kills its electric bike project, Ariv

COVID-19 Pandemic Leaves GM Electric Vehicle Plan Mostly Unaffected

The electric vehicle strategy being pursued by General Motors appears to be, for the most part, unaffected by the global COVID-19 pandemic. In fact, during a call today with auto journalists led by Ken Morris, Vice President Electric and Autonomous Vehicles, the only changes seemed small and positive. Though it seems like much longer, it… Continue reading COVID-19 Pandemic Leaves GM Electric Vehicle Plan Mostly Unaffected

Waymo Adds $750 Million to War Chest as Driverless Cars Prove Tough to Deploy – The Wall Street Journal

In the world of driverless cars, the big keep getting bigger. Waymo LLC has raised a further $750 million, pushing the total outside investment the company has announced in the past two months to $3 billion and bolstering its financial war chest at a time when the coronavirus pandemic has created new uncertainty in the… Continue reading Waymo Adds $750 Million to War Chest as Driverless Cars Prove Tough to Deploy – The Wall Street Journal

Lyft Announces Private Offering of $650 million of Convertible Senior Notes and Capped Call to Increase Effective Conversion Premium to 150% – GlobeNewswire

SAN FRANCISCO, May 12, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (“Lyft”) (NASDAQ: LYFT) today announced its intention to offer, subject to market conditions and other factors, $650 million aggregate principal amount of Convertible Senior Notes due 2025 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant… Continue reading Lyft Announces Private Offering of $650 million of Convertible Senior Notes and Capped Call to Increase Effective Conversion Premium to 150% – GlobeNewswire

@GM: GM Canada Update on Oshawa Mask Manufacturing

GM Canada Update on Oshawa Mask Manufacturing Equipment Installed and Training Has Begun 2020-05-08 OSHAWA, Ont. (May 8, 2020) — Since the federal government announced on April 24 that the GM Canada Oshawa plant will be the production site for millions of much needed face masks, the Company has built and prepared a clean room… Continue reading @GM: GM Canada Update on Oshawa Mask Manufacturing

A Grubhub-Uber tie-up would remake the food delivery landscape

Earlier today news broke that Uber is pursuing an acquisition of Grubhub. The global ride-hailing giant is worth a multiple of the American food delivery service, making the tie-up financially feasible, provided that a palatable price can be found for both parties. The Wall Street Journal broke the news; you can read TechCrunch’s coverage of… Continue reading A Grubhub-Uber tie-up would remake the food delivery landscape

@Toyota: Toyota Announces Financial Results for Fiscal Year Ended March 31, 2020

Toyota City, Japan, May 12, 2020 – (JCN Newswire) – Toyota Motor Corporation (TMC) today announced its financial results for the fiscal year ended March 31, 2020. Consolidated vehicle sales totaled 8,958,423 units, a decrease of 18,372 units compared to the previous fiscal year. On a consolidated basis, net revenues for the period totaled 29.9299… Continue reading @Toyota: Toyota Announces Financial Results for Fiscal Year Ended March 31, 2020

Intel: Intel Capital Invests $132 Million in 11 Disruptive Technology Startups

What’s New: Intel Capital, Intel Corporation’s global investment organization, announced today new investments totaling $132 million in 11 technology startups. These companies bring to market breakthrough innovations in artificial intelligence (AI), autonomous computing and chip design. The companies joining Intel Capital’s portfolio are Anodot, Astera Labs, Axonne, Hypersonix, KFBIO, Lilt, MemVerge, ProPlus Electronics, Retrace, Spectrum Materials… Continue reading Intel: Intel Capital Invests $132 Million in 11 Disruptive Technology Startups

Slovak e-mobility specialist Voltia partners with Nissan

The Bratislava-based company Voltia and global automaker Nissan have partnered to bring to the market an expanded Nissan electric pick-up truck optimised for urban last-mile delivery.Equipped with a 40kWh capacity traction battery and smart energy management technology, the e-NV200 XL Voltia reinforces Nissan’s commitment in leading the charge towards sustainable last-mile delivery.

Uber is reportedly in talks to buy GrubHub

Uber is in talks to buy GrubHub in an all-stock deal, The Wall Street Journal reports. According to the WSJ’s sources, GrubHub wants 2.15 Uber shares for each GrubHubs share. Uber first approached GrubHub earlier this year with an offer, but the two companies are still in talks, according to the WSJ.  A Bloomberg report… Continue reading Uber is reportedly in talks to buy GrubHub