Elon Musk has made it clear he doesn’t like Joe Biden. But since Musk officially endorsed and is reportedly financially backing Donald Trump in this year’s presidential campaign, Biden is returning the favor. The president is now directly campaigning on Musk — and other high-profile and wealthy Silicon Valley VCs — supporting Trump’s bid. “I’m […]
Elon Musk is now a villain in Joe Biden’s presidential campaign Read More »
Ford said Tuesday it will expand production of its Super Duty trucks to a factory in Canada that was slated for a $1.34 billion transformation into an assembly plant for its next-generation of electric vehicles. The U.S. automaker said it will start producing F-Series Super Duty pickups at its Oakville Assembly plant in Ontario, Canada,
Ford’s EV plans are in flux once again as it invests $3B into its biggest trucks Read More »
Fisker has been given the green light by a bankruptcy judge to sell more than 3,000 of its Ocean SUVs to a vehicle leasing company, a deal that will net the defunct EV startup a maximum of $46.25 million. The approval of the sale clears the way for the rest of Fisker’s bankruptcy process to
Fisker cleared to sell North American EVs for $46.25 million Read More »
One major dissenter threatens to upend Fisker’s apparent best chance at offloading its unsold EVs, a deal that would keep the startup’s bankruptcy proceeding alive and pave the way for paying pack creditors some of what they’re owed. The objection to the sale comes from the office of the U.S. Trustee, an arm of the
Fisker has one major objector to its Ocean SUV firesale Read More »
When Helixx co-founder and CEO Steve Pegg looks at Daisy — the startup’s 3D printed prototype delivery van — he sees a second chance. And he’s pulling inspiration from McDonald’s to get there. The prototype, which made its global debut this week at the Goodwood Festival of Speed, is an interesting proof of concept. Virtually
Helixx wants to bring fast-food economics and Netflix pricing to EVs Read More »
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Did you miss us last week? Even with a relatively quiet week due to the July 4 holiday, there were some notable goings-on. To no one’s surprise,
Lucid revs up sales, Fisker makes a deal and Uber reignites an old fight Read More »
Fisker Inc. co-founders Henrik Fisker and his wife, Geeta Gupta-Fisker, are lowering their salaries to $1 in order to keep their failed EV startup’s bankruptcy proceedings funded, as lawyers work to complete a sale of its remaining inventory. Fisker Inc.’s restructuring officer, John DiDonato, said in a Tuesday morning filing that the couple, who co-founded
Henrik Fisker drops salary to $1 to keep Fisker Inc. bankruptcy case alive Read More »
Lucid Motors delivered 2,394 EVs in the second quarter of 2024, a new record for the company and a positive sign amid its struggle to establish a foothold in the still-growing market for electric vehicles. That number easily clears Lucid’s prior record, which it set in the first quarter of the year when it shipped
Lucid Motors sets new record for EV deliveries as it seeks ‘escape velocity’ Read More »
Fisker has a willing buyer for its remaining inventory of all-electric Ocean SUVs, and has asked the Delaware Bankruptcy Court judge overseeing its Chapter 11 case to approve the sale. If approved by the judge, Fisker would be able to offload 3,321 finished EVs to a New York-based vehicle leasing company for $46.25 million. That
Fisker asks bankruptcy court to sell its EVs at average of $14,000 each Read More »
Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets “outside the court’s supervision.” At issue is the relationship between Fisker and its largest secured lender, Heights Capital Management, an affiliate of financial services company
The fight over Fisker’s assets is already heating up Read More »
