Tag: Automotive
On-demand shuttle startup Via hits $2.25 billion valuation on latest funding round led by Exor
On-demand shuttle startup Via has hit a $2.25 billion valuation following a Series E funding round led by Exor, the Agnelli family holding company that owns stakes in PartnerRe, Ferrari and Fiat Chrysler Automobiles. The Series E funding round, which included other investors, totaled $400 million, according to a source familiar…
Read More
Ford, GE Healthcare to produce 50,000 ventilators by July using this tiny company’s design
Ford and GE Healthcare have licensed a ventilator design from Airon Corp and plan to produce as many as 50,000 of them at a Michigan factory by July as part of a broader effort to provide a critical medical device used to treat people with COVID-19. Ford will initially send a…
Read More
The Station: Bird and Lime layoffs, pivots in a COVID-19 era and a $2.2 trillion deal
Hello folks, welcome back (or hi for the first time) to The Station, a weekly newsletter dedicated to the all the ways people and packages move around this world. I’m your host, Kirsten Korosec, senior transportation reporter at TechCrunch. I also have started to publish a shorter version of the…
Read More
Detroit Auto Show canceled in preparation for FEMA to turn venue into field hospital
The North American International Auto Show, which was scheduled for June in Detroit, has been canceled as the COVID-19 pandemic continues to spread and the city prepares to repurpose the TCF Center into a temporary field hospital. NAIAS is held each year in the TCF Center, formerly known as the…
Read More
Trump orders GM to start ventilator production for COVID-19 amid contract dispute
President Donald Trump signed Friday a presidential directive ordering GM to produce ventilators and to prioritize federal contracts, just hours after the automaker announced plans to manufacture the critical medical equipment needed for patients suffering from COVID-19, disease caused by coronavirus. The order, made under the Defense Production Act, marks…
Read More
TuSimple partners with supplier ZF to mass produce self-driving truck tech
Self-driving truck startup TuSimple is partnering with automotive supplier ZF to develop and produce autonomous vehicle technology, such as sensors, on a commercial scale. The partnership, slated to begin in April, will cover China, Europe and North America. The two companies will co-develop sensors needed in autonomous vehicle technology such…
Read More