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Archer teams up with Anduril and raises $430 million to build defense aircraft

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Funding to defense tech companies has boomed in 2024 as geopolitical tensions rise, advancements in AI abound, and investors seek out a new growth area amid a broader tech sector slowdown.  Archer Aviation wants in on the action.  The aviation startup, which is building vertical take-off and landing (VTOL) aircraft, said Thursday that it has […]

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Researchers find security flaws in Skoda cars that may let hackers remotely track them

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Security researchers have discovered multiple vulnerabilities in the infotainment units used in some Skoda cars that could allow malicious actors to remotely trigger certain controls and track the cars’ location in real time. PCAutomotive, a cybersecurity firm specializing in the automotive sector, unveiled 12 new security vulnerabilities impacting the latest model of the Skoda Superb

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Microsoft will take an $800M hit over Cruise robotaxi shutdown

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GM’s decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company’s minority investors. Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GM’s actions, according to a regulatory filing. Microsoft said the charge will be

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Hyundai’s electric air taxi startup Supernal is moving its HQ from DC to California

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Hyundai’s electric vertical takeoff and landing startup Supernal is shifting its global headquarters from Washington, D.C. to Irvine, California and asking around three dozen of workers to relocate, TechCrunch has learned. The company told TechCrunch about 5% of its total workforce — roughly 35 to 40 people — are being asked to relocate to California.

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Honda cuts funding to robotaxi venture with Cruise and GM in Japan

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Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that GM has pulled the plug on Cruise and its commercial robotaxi ambitions, reports The Nikkei. GM said Tuesday it would cease funding Cruise and instead absorb the company and combine it with

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Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

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The news came by Slack message.  Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s announcements channel along with a link to a press release entitled “GM to refocus autonomous driving development on personal vehicles.” GM, which acquired the self-driving car startup in 2016, would

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GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles

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General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car subsidiary Cruise and combine it with the automaker’s own efforts to develop driver assistance features — and eventually fully autonomous personal vehicles. The pivot is a remarkable step for the automaker, which

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Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program

Transportation /

The news came by Slack message.  Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s announcements channel along with a link to a press release entitled “GM to refocus autonomous driving development on personal vehicles.” GM, which acquired the self-driving car startup in 2016, would

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Joby launches $300M public offering ahead of 2025 commercial eVTOL release

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Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $300 million of its shares of common stock, per a regulatory filing. Joby in October initially offered $200 million, but an amendment to the prospectus has increased the offering by $100 million. Joby said it will use

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GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles

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General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car subsidiary Cruise and combine it with the automaker’s own efforts to develop driver assistance features — and eventually fully autonomous personal vehicles. The pivot is a remarkable step for the automaker, which

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