Historic vehicles, flowing champagne and fashion have dominated the events at Monterey Car Week for decades now. But a change is afoot: EVs, tech-centric vehicles, startups and a heavy dose of Silicon Valley’s software developers and founders added to the scenery this year. Even the Pebble Beach Concours d’Elegance seemed more youthful and modern — […]
General Motors is cutting around 1,000 software workers around the world in a bid to focus on more “high-priority” initiatives like improving its Super Cruise driver assistance system, the quality of its infotainment platform and exploring the use of AI. The job cuts are not about cost cutting or individual performance, GM spokesperson Stuart Fowle
GM cuts 1,000 software jobs as it prioritizes quality and AI Read More »
Thomas Ingenlath is having perhaps a little too much fun in his Polestar 3, silently rocketing away from stop signs and swinging through tightening bends, grinning like a man far younger than his 59 years of age. “You really can push this car,” the Polestar CEO says as he cruises the roads alongside other enthusiasts
With the Polestar 3 now “weeks” away, its CEO looks to make company “self-sustaining” Read More »
Timo Resch is basking in the sun. That’s literally true, as we spoke on a gloriously clear California day at the Quail, one of Monterey Car Week’s most prestigious events. But it’s figuratively true as well, as Resch, who took the CEO role at Porsche Cars North America (PCNA) last November, is in a very
Why Porsche NA CEO Timo Resch is betting on ‘choice’ to survive the turbulent EV market Read More »
Serial entrepreneur Scott Painter’s plan to build an all-electric vehicle subscription company called Autonomy has not worked out. So he’s pivoting once again to what he calls the “hardest build” of his career. While Autonomy will continue operating the small 1,000-car fleet it assembled over the last few years — far from the stated goal
Why Scott Painter is selling a beach house to start a new vehicle software company Read More »
Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost efficient versions — a sign of just how much the company could use the $5 billion that could come its way as part of a recently announced deal with Volkswagen
Rivian lost $1.46 billion in Q2 as it drives towards a VW-linked future Read More »
Saudi Arabia is committing even more money to Lucid Motors as the EV startup struggles to erase its losses. Lucid announced Monday as part of its second-quarter earnings report that an affiliate of the Saudi sovereign wealth fund is committing another $1.5 billion, with half coming in the form of a private placement and the
Rad Power Bikes, the Seattle-based e-bike startup that has raised more than $300 million from investors, went through another round of layoffs in July, TechCrunch has exclusively learned. This is the company’s fifth round since April 2021, when it cut back 100 staffers. Rad’s latest layoffs follow a culling a year ago, where the e-bike
VC darling Rad Power Bikes hit with another round of layoffs Read More »
Waymo has started testing a new robotaxi built by Chinese electric automaker Zeekr on public roads in San Francisco. Waymo has “less than a handful” of the Zeekr vehicles in San Francisco today and isn’t driving them autonomously yet. Still, the fact that Waymo has hit the roads with a roomier, custom-built robotaxi signals the
The Waymo-Zeekr robotaxi has come to San Francisco Read More »
GM’s self-driving car subsidiary Cruise is scrapping plans to build the Origin — a purpose-built robotaxi with no steering wheel or pedals — and will instead use the next-generation Chevrolet Bolt in its operations. GM Chair and CEO Mary Barra told shareholders Tuesday the decision will “simplify their path to scale” and addresses the regulatory
GM’s Cruise abandons Origin robotaxi, takes $583 million charge Read More »
