Wander the pits at any professional motorsports event, especially something like Formula 1, and you’ll see endless computer displays full of telemetry. Modern teams are awash in real-time digital feedback from the cars. I’ve been in many of these pits over the years and marveled at the streams of data, but never have I seen […]
EV startup Fisker Inc. is laying off more employees to “preserve cash,” one week after warning investors it would have to make cuts to stave off impending bankruptcy, according to an internal email viewed by TechCrunch. Founder and CEO Henrik Fisker told employees Monday morning in the email that the company is “continuing to evaluate
Fisker starts new round of layoffs to ‘preserve cash’ Read More »
Ola has let go its chief executive, Hemant Bakshi, merely four months after appointing him to the post, and is cutting about 180 additional jobs, a source familiar with the matter told TechCrunch. The move from the Indian ride-hailing startup is aimed at “improving profitability,” its founder and chairman, Bhavish Aggarwal, told employees in an
India’s Ola removes CEO in four months, cuts 180 jobs in profitability push Read More »
Federal safety regulators have opened an investigation into Ford’s hands-free driver-assistance system, BlueCruise, after it was found to be active during two recent crashes that killed multiple people. The National Highway Traffic Safety Administration’s Office of Defects Investigation (ODI) said on Monday that it has confirmed BlueCruise was active in both crashes. One of the crashes
Ford’s BlueCruise hands-free system under investigation after fatal crashes Read More »
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welp, Tesla earnings happened this week — and yeah that was a lot. A lot of what, you ask? A
Tesla profits tumble, Fisker flatlines, and California cities battle for control of AVs Read More »
Cities around the country have long been crying out for more control over how autonomous vehicles are deployed on their streets. In California, they might finally get their wish. A handful of AV-related bills, which made progress this month in their long journey through the state legislature, could put more restrictions on companies like Cruise,
A wrestling match over who should control robotaxis is playing out in California Read More »
The National Highway Traffic Safety Administration closed a long-standing investigation into Tesla’s Autopilot driver assistance system after reviewing hundreds of crashes involving its misuse, including 13 that were fatal and “many more involving serious injuries.” At the same time, NHTSA is opening a new investigation to evaluate whether the Autopilot recall fix that Tesla implemented
Tesla Autopilot investigation closed after feds find 13 fatal crashes related to misuse Read More »
The Mercedes-Benz G-Class — the rugged off-road powerhouse that launched in 1979 and has since become a brutalist status symbol — has gone electric. This is, in many ways, Mercedes’ most prestigious car, a model more prized for its presence and exclusivity than its power and capability. Going electric, then, is more than an historic
The all-electric Mercedes G-Class ratchets up the tech and off-road capability Read More »
Tesla’s been undergoing some major changes, and now we have a sense of why: The company says it is upending its product roadmap because of “pressure” on EV sales. The new and accelerated plan now includes “more affordable models” that the company claims will be launched next year. Or if Tesla CEO Elon Musk is
Tesla’s new growth plan is centered around mysterious cheaper models Read More »
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance
Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids Read More »
