Jun 17, 2021 | Business, Electric Vehicles
The UK government has held talks with six manufacturers about building “gigafactory” electric car battery plants as part of its efforts to improve the prospects of the British automotive industry. The US carmaker Ford and the Korean electronics conglomerates LG and...
Jun 10, 2021 | Autonomous Vehicles, Business, Featured
Volkswagen’s latest idea is to offer autonomous vehicle rides on a pay-per-use basis. Similar to robotaxis, the automotive OEM would offer the service as a new way to generate revenue from those consumers who are unwilling or unable to buy a self-driving car on their...
Jun 10, 2021 | Autonomous Vehicles, Business, Featured
The business of autonomous vehicles is ticking away at a snail’s pace. All the players want to be the first to get their vehicles on the road, but a completely autonomous vehicle hasn’t been cleared for consumers. A small step was taken recently in California when one...
Apr 29, 2021 | Autonomous Vehicles, Business
Toyota subsidiary Woven Planet and ride sharing company Lyft have signed a $550 million acquisition deal that will see the former purchase the latter’s autonomous vehicle division, Level 5. Under the deal, Level 5 will be folded into Woven Planet, ending...
Apr 29, 2021 | Business, Detroit
Ford Motor Co. reported $4.8 billion in earnings before interest and taxes — with net income of $3.3 billion — for the first three months of this year, a dramatic contrast to one year ago even while challenges lie ahead. For the first three months of 2020, Ford...
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