Cruise executives are taking a measured business approach that preserves cash and improves safety culture in an attempt to put GM’s troubled autonomous vehicle subsidiary on the right path. The
Luminar founder and CEO Austin Russell’s bid to buy Forbes Global Media Holdings has ended. Integrated Whale Media Investments, the Hong Kong-based parent company of Forbes, terminated the agree
Ford said Tuesday it will downsize its plans to build a factory in Michigan that makes cheaper lithium iron phosphate batteries using tech licensed from China’s CATL. The decision comes two months a
Rivian founder and CEO RJ Scaringe has taken on another role within the publicly traded EV maker as chief product officer Nick Kalayjian moves out of the job and eventually into an advisory position,
Kyle Vogt, the serial entrepreneur who co-founded and led Cruise from a startup in a garage through its acquisition and ownership by General Motors, has resigned, according to an email sent to employe
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BrightDrop, the commercial EV subsidiary of General Motors that launched in 2021, is being swallowed up by its parent company. GM said Thursday that BrightDrop — a “startup” that spun ou
Cruise, the autonomous vehicle subsidiary of General Motors, told staff Thursday via email that the employee share-selling program for the fourth quarter is suspended, following an incident that resul
It was inevitable. Amazon, which got its start selling books, is getting into the car business. The e-commerce giant along with new partner Hyundai announced Thursday at the 2023 LA Auto Show that it
EV maker Lucid took the long-awaited wraps off the Gravity, an all-electric three-row SUV with a range that could hypothetically leave a Tesla Model X, Fisker Ocean or Rivian R1S stuck behind at a cha
Battery cells produced at Toyota’s future North American EV factory will someday contain a little Redwood Materials DNA. The two companies announced Thursday that Redwood Materials will supply T
Arrival, the once buzzy EV startup that went public via a merger with a blank check company, is in its final death throes. The company has secured a $50 million bridge loan, funds that will keep it af
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Cruise, the GM self-driving car subsidiary, has started laying off contingent workers after pausing all of it driverless operations and losing key commercial permits that allowed it to operate a robot
GM self-driving car subsidiary Cruise issued a recall for 950 vehicles equipped with its autonomous vehicle software following a crash that left a pedestrian, who had initially been hit by a human-dri
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including raising
The former startup darling's results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position.
Don’t call it a plug-in hybrid. Or a gas-powered vehicle either. Stellantis brand Ram wants the 2025 Ram 1500 Ramcharger, which was revealed November 7, to be viewed as a battery electric truck.
Lucid has reached an agreement that will give owners of its luxury EVs access to Tesla’s network of superchargers — following the path of Ford, GM and the majority of automakers that sell EVs
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