The Innovation Report
Move Over: Drones And Autonomous Vehicles Are On The Way To Texas Roads
Make way for drones, electric cars and autonomous trucks. The seemingly futuristic transportation technologies are close to transforming the way people and cargo travel, some of the world’s biggest names in business and politics were told Thursday at a high-powered...
Joby Aviation Tests Flights With Pilots On Board In Another Step Toward Commercial Launch
Joby Aviation (NYSE:JOBY) announced on Wednesday that it has expanded its flight test program to include flying with a pilot on board the aircraft. Four members of Joby’s (JOBY) flight test team have now piloted flights on board pre-production prototype...
Hyundai And Kia: Latest To Switch To Tesla EV Charging
South Korean automakers Kia, Hyundai and luxury auto brand Genesis announced Thursday that their electric vehicles in the United States will have Tesla-style charging ports, starting in the last quarter of 2024. This will allow owners of those vehicles to seamlessly...
New 6G Networks — Can They Destroy Dead Zones for Good?
The 6G network is so early in its development that it is still not even clear how fast that network will be. Each new generation of wireless technology is defined by the United Nations’ International Telecommunication Union (ITU) as having a specific range...
Rise Of The Machines: First ‘Humanoid’ Factory Set To Open, Robots To Mass Produce Other Robots
In news evoking the apocalyptic movie "The Terminator," a company out of Corvallis, Oregon, has announced plans to build the first mass-produced humanoid robots -- and it intends to use other robots to build them. The robot model first on the drawing board...
US Issues First Ever Fine For Space Junk To Dish Network
The US government has issued its first ever fine to a company for leaving space junk orbiting the Earth. The Federal Communications Commission fined Dish Network $150,000 (£125,000) for failing to move an old satellite far enough away from others in use. The...
LG Energy Solution To Invest $3 Billion In West Michigan Plant For EV Battery Production
Michigan will see about $3 billion in investment from LG Energy Solution after the South Korean company and Toyota announced a partnership to ramp up battery production for electric vehicles. Specifically, the company will invest in its LG Energy Solution Michigan...
Ford Announces 400 Layoffs In Metro Detroit Amid UAW Strike
Ford Motor Company announced about 400 workers in Metro Detroit have been laid off as a result of the United Auto Workers strike. The automaker says 350 workers at the Livonia Transmission Plant and 50 workers at the Sterling Axle Plant have been instructed...
GM Secures New $6 Billion Credit Line As UAW Strike Costs Reach $200 Million
General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. "The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that...
EU Formally Starts Probe Into Chinese EV Subsidies
The European Union said Wednesday that it had "sufficient evidence" of illegal Chinese electric car subsidies as it officially launched an inquiry that has enraged Beijing. European Commission President Ursula von der Leyen raised hackles in China when she announced...
