Welcome back! Did you miss me? Yes, of course you did. There is a lot of “future of transportation” news to keep track of. Let’s jump in. It’s comeback week, and not just because I have returned from vacation. I’m talking about the biennial IAA Mobility conference in Munich and the purposeful effort among German […]
Via raises $492.9M in IPO, and German automakers go on the offensive Read More »
Welcome back! Did you miss me? Yes, of course you did. There is a lot of “future of transportation” news to keep track of. Let’s jump in. It’s comeback week, and not just because I have returned from vacation. I’m talking about the biennial IAA Mobility conference in Munich and the purposeful effort among German
With Tesla shareholders set to vote on a proposed 10-year, $1 trillion compensation package for CEO Elon Musk in November, board chair Robyn Denholm spoke to The New York Times to defend what would be the largest pay package in corporate history. Denholm, who was also on the special committee that put the compensation proposal
Tesla board chair calls debate over Elon Musk’s $1T pay package ‘a little bit weird’ Read More »
The all-electric Ram 1500 REV pickup truck is dead. Long live the extended-range Ram 1500 REV (once called the Ramcharger). Stellantis, the parent company of Ram, said Friday that it will no longer develop a battery-electric full-size pickup. The company cited low demand for full-size battery-electric trucks as the primary reason, according to a statement
Ram ends EV pickup truck plans Read More »
Investors took a cautious approach to transit software startup Via’s IPO on Friday, with shares opening below the company’s IPO price before recovering at end the day slightly higher. The company, which initially filed confidentially for IPO in July, priced its IPO at $46 per share, raising $492.9 million. Those shares slipped to $44 when
Via shrugs off tepid open to end first day of trading slightly above IPO price Read More »
The Federal Aviation Administration (FAA) has announced a new pilot program that will let electric vertical takeoff and landing (eVTOL) startups test some operations before they receive full regulatory certification. It’s a potentially big change for these companies, as they’ve spent the last few years performing limited test flights of their aircraft while working toward
New FAA program will let eVTOL startups test some operations before full certification Read More »
Armed with a new permit from the state’s Department of Motor Vehicles, Tesla is preparing to begin testing its autonomous vehicle technology on public streets in Nevada. The testing permit, which was first noted by Tesla influencer Sawyer Merritt, comes two months after CEO Elon Musk outlined the company’s plans to take its autonomous vehicle
Tesla’s robotaxi plans for Nevada move forward with testing permit Read More »
Elon Musk’s Boring Company has reportedly stopped work on a tunnel it’s been digging to the Las Vegas airport after a worker sustained a “crushing injury” late Wednesday night, according to Fortune. Nevada’s Occupational Safety and Health Administration (OSHA) has opened an investigation. The Clark County Fire Department received a call at 10:12 p.m. local
Elon Musk’s Boring Company suspends work on Vegas airport tunnel after ‘crushing injury’ Read More »
The U.S. Justice Department has filed a lawsuit against Uber, accusing the ride-hailing company of violating federal law by discriminating against people with physical disabilities. In particular, the Department of Justice’s (DOJ) civil rights division claims that the company and its drivers “routinely refuse to serve individuals with disabilities, including individuals who travel with service
Jaguar Land Rover said on Wednesday that an unspecified amount of data was stolen during a cyberattack that has brought vehicle assembly lines to a standstill. In a statement on Wednesday, the U.K.-based maker of Land Rover and Range Rover vehicles said it was aware that “some data” was taken in the incident. Companies that
Jaguar Land Rover says data stolen in disruptive cyberattack Read More »
