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 […]
Joby launches $300M public offering ahead of 2025 commercial eVTOL release Read More »
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
GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles Read More »
San Francisco is the most prepared city for new transportation technologies like AI, autonomous vehicles, and air taxis, according to an new urban mobility readiness index released Tuesday. The index, created by the Oliver Wyman Forum and the University of California, Berkeley, evaluated 70 global cities on a range of factors such as walkability, air
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The first Lucid Motors Gravity SUV just rolled off the company’s production line last week, and now it has an official EPA range estimate of 450 miles. That’s a tick higher than the 440-mile estimate Lucid had been citing in the run-up to the official launch and production run of the SUV, which starts at
Lucid Motors’ Gravity SUV nabs 450-mile EPA range estimate Read More »
Amazon expanded Monday into online car sales with the launch of Amazon Autos, an e-commerce business that lets customers find, order, and buy new cars, trucks, and SUVs from dealerships. Amazon is kicking off the new endeavor with Hyundai in 48 U.S. cities, including Atlanta, Boston, Chicago, Los Angeles, and New York. The launch comes
Amazon is officially in the online car sales business Read More »
The National Highway Traffic Safety Administration said Monday it has closed a preliminary investigation into Fisker over complaints that its all-electric Ocean SUV rolls away unexpectedly. The U.S. safety regulator opened an investigation in February after receiving four complaints — one of which resulted in an injury — over the failure of the vehicles to
Fisker resolves federal safety investigation into rollaway risk Read More »
Nikola Corp., a producer of battery and hydrogen-electric trucks, has taken several steps to repay its debts and raise equity, including offering up to $100 million in a common stock sale. The beleaguered company is still dealing with the aftershocks of its founder, Trevor Milton, being convicted of fraud for making exaggerated claims about the
Troubled electric truckmaker Nikola offers up to $100 million in common stock Read More »
Consumer Reports has put out its annual automaker reliability list, and the top spot is relatively unsurprising: Subaru. What may come as a surprise to some is that Rivian’s EVs are dead last, especially considering the company topped a different Consumer Reports survey from earlier this year about the “most loved” auto brands. The consumer
Rivian’s EVs ranked last on Consumer Reports reliability list Read More »
Uber has 30 days to require certain drivers to get fingerprinted if the ride-hail giant intends to continue transporting unaccompanied teens in California. The California Public Utilities Commission issued a ruling Thursday that requires taxi and ride-hail drivers who are carrying unaccompanied minors in the state to pass a fingerprint background check. The ruling also
Uber will need to fingerprint drivers in California to transport teens Read More »
The first Lucid Motors Gravity SUV has rolled off the company’s production line in Casa Grande, Arizona, according to a post on X. The company will now set its aim on ramping up production of the new electric vehicle and making the first deliveries — though the company is staying quiet about when it will
Lucid Motors completes its first Gravity SUV Read More »
