Turo on Thursday withdrew its plans for an IPO, ending a three-year wait to bring the online car-sharing network to the public marketplace, according to a regulatory filing. Turo, which was founded in 2010, allows private car owners to rent out their vehicles through the startup’s website or app. The company — sometimes described as […]
Turo scraps plans for an IPO Read More »
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The $60 billion mega-merger between Honda and Nissan has been called off, in part because of Nissan’s “pride and insufficient alarm about its predicament,” writes Reuters, citing half a dozen sources. The report hints at bad blood on both sides, saying the development also ties to Honda abruptly revising the terms of the merger and
Honda’s $60B merger with Nissan falls apart Read More »
Uber Eats customers in Jersey City can now have their orders delivered by one of Avride’s autonomous sidewalk delivery robots. The launch, which kicked off this week in New Jersey, is Uber’s latest foray into autonomous vehicles and represents an expanding relationship with Avride. The ride-hail and delivery giant deploys AVs on its app in
Avride launches sidewalk delivery bots on Uber Eats in Jersey City Read More »
Few fans would associate Formula 1 racing with sustainability, but perhaps incongruously for a sport that glorifies combustion, the league has a goal to reach net-zero carbon emissions by 2030. For F1 teams, it’s not as simple as burning sustainable fuels in their race cars’ engines. In fact, the cars are responsible for less than
Mercedes-AMG Petronas F1 team steers toward nature-based carbon credits Read More »
Getaround, a company that helps vehicle owners rent out their cars, trucks and SUVs to other peers, is shutting down its U.S. operations one year after cutting 30% of its North American workforce as part of a restructuring. Its HyreCar business, which it acquired in 2023 for $9.45 million, is also closing. The company said
Getaround abruptly shuts down US car-sharing operations Read More »
May Mobility is deploying autonomous vehicles differently than its peers. Rather than operate robotaxis for individual ride-hail, May has followed a “gentle onramp” approach to commercialization by offering on-demand shuttles and pooled rides within campuses and along uncomplicated routes. The startup announced Wednesday the launch of its first fully driverless commercial service in Peachtree Corners,
May Mobility launches its first driverless commercial ride-hail service Read More »
As per an investigation by the Associated Press (AP), Tesla has won a defamation lawsuit against one individual called Zhang Yazhou, who in February 2021 was a passenger in a Tesla Model 3 car that allegedly crashed due to faulty brakes, resulting in a four-day hospital stay for both her parents. Following the accident, Zhang
Chinese electric vehicle maker BYD unveiled “God’s Eye,” an advanced driver assistance system that will be install on its entire model lineup, including its $9,600 Seagull hatchback. BYD founder Wang Chuanfu said at a live streamed event Monday that “we’re entering an era where autonomous driving is for everyone,” according to The Financial Times. God’s
BYD to offer Tesla-like driver assist, even on its cheapest models Read More »
Escalating geopolitical tensions and a new administration with a hawkish defense agenda has led many startups to embrace dual-use strategies to secure revenue through military applications. And it’s a trend that is already heating up in aerospace. Just look at Archer Aviation, a California-based startup building eVTOLs (electric vertical takeoff and landing vehicles). Until very
Archer Aviation doubles down on defense aircraft with fresh $300M Read More »
