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 »
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 »
