Tag: Automotive
The Station: Rivian rolls towards an IPO and Quantumscape makes a big battery hire
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the…
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GM, Palantir-backed Wejo to go public via SPAC
Wejo, the connected vehicle data startup backed by GM and Palantir, plans to go public through a merger with special purpose acquisition company Virtuoso Acquisition Corp. The agreement, announced in a regulator filing Friday, will give the combined company an enterprise valuation of $800 million, which includes debt. The deal…
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The financial pickle facing Elon Musk’s Las Vegas Loop system
Restrictions put in place by Nevada regulators are making it difficult for The Boring Company (TBC) to meet contractual targets for its LVCC Loop, Elon Musk’s first underground transportation system. The Loop system at the Las Vegas Convention Center (LVCC) is supposed to use more than 60 fully autonomous high-speed…
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Experts from Toyota, Ford and Hyundai will discuss automotive robotics at TC Sessions: Mobility
The events of the past year have only served to accelerate interest in all things robotics and automation. It’s a phenomenon we’ve seen across a broad range of categories, and automotive is certainly no different. Of course, carmakers are no strangers to the world of robotics. Automation has long played…
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Tesla has activated its in-car camera to monitor drivers using Autopilot
Tesla has enabled the in-car camera in its Model 3 and Model Y vehicles to monitor drivers when its Autopilot advanced driver assistance system is being used. In a software update, Tesla indicated the “cabin camera above the rearview mirror can now detect and alert driver inattentiveness while Autopilot is…
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Ford’s $30B investment in electric revs up in-house battery R&D
Ford is increasing its investment in its electric vehicle future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company announced the fresh cashflow into its EV and battery development strategy, dubbed Ford+, during an investor day on Tuesday. The company said it…
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