Jul 8, 2021 | Electric Vehicles, Hybrids, Investment, Mobility, Transit
Amtrack is investing $7.3 billion in a new fleet of state-of-the-art trains, including some of its first hybrid-electric powered trains, to modernize its aging fleet and attract more travelers, the company said Wednesday. The company is buying up to 83 new trains that...
Jun 10, 2021 | Government, Investment, Research
The U.S. government used to devote a much larger share of the country’s resources to investing in the future. Every year from the 1950s through the ’70s, federal spending on research and development equaled at least 1 percent of G.D.P. The share peaked above 2 percent...
Apr 29, 2021 | Investment, Mobility
Wunder Mobility built its business selling software to shared scooter, e-bike and even short-term car rental startups. Now, it’s banking on a new — and once secret — lending division to bring in more revenue that’ll give micromobility operators another option to...
Feb 11, 2021 | Autonomous Vehicles, Detroit, Electric Vehicles, Investment
Car manufacturer Ford is betting big on electric and autonomous vehicles. During an earnings call last week, the company’s top executives announced the automaker would be increasing its investment in electric and autonomous vehicles from $11.5 billion through...
Feb 4, 2021 | Electric Vehicles, Investment
Analyst Ming-Chi Kuo shed some details on Apple’s partnership with Hyundai for developing its highly anticipated electric car that will be based on the Korean automobile giant’s E-GMP platform for EVs. Now, as per a report from...
Dec 3, 2020 | Artificial Intelligence, Europe, Investment
Spain is to invest 600 million euros (725 million dollars) in developing artificial intelligence over the next two years as part of plans to transform its national economy, the premier said Wednesday. The programme would run from 2021 to 2023, starting with an initial...
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