Tag: transportation
Ford unveils Maverick, a compact hybrid pickup truck for under $20,000
Ford unveiled on Tuesday the Maverick, a new compact hybrid pickup truck for people who didn’t know they needed one. The truck’s smaller more approachable size and its base price of $19,995 is geared towards entry-level customers who want that SUV or truck lifestyle as well as the ease of…
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Chinese lidar maker Hesai lands $300M led by Hillhouse, Xiaomi, Meituan
The rush to back lidar companies continues as more automakers and robotaxi startups include the remote sensing method in their vehicles. Latest to the investment boom is Hesai, a Shanghai-based lidar maker founded in 2014 with an office in Palo Alto. The company just raised over $300 million in a…
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The Station: Aurora gets closer to a SPAC deal, Spin’s new strategy and Waymo One app numbers
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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Elon Musk officially hits the brakes on Tesla Model S Plaid+
Tesla CEO Elon has made it official and publicly cancelled plans to produce the Model S Plaid+, a supercharged version of the upcoming Plaid version of the electric vehicle that will be delivered to the first customers this month. Musk’s reason: Plaid is so good that another variant isn’t needed.…
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Cruise can now give passengers rides in driverless cars in California
Cruise, the autonomous vehicle subsidiary of GM that also has backing from SoftBank Vision Fund, Microsoft and Honda, has secured a permit that will allow the company to shuttle passengers in its test vehicles without a human safety operator behind the wheel. The permit, issued by the California Public Utilities…
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Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman’s newest SPAC
Autonomous vehicle startup Aurora is close to finalizing a deal to merge with Reinvent Technology Partners Y, the newest special purpose acquisition company launched by LinkedIn co-founder and investor Reid Hoffman, Zynga founder Mark Pincus and managing partner Michael Thompson, according to several sources familiar with the talks. One of…
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