Tag: Automotive

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Waymo to lose its CFO and head of automotive partnerships

Waymo’s chief financial officer Ger Dwyer and its head of automotive partnerships and corporate development Adam Frost — two longtime executives at the autonomous vehicle company — are leaving this month, departures that comes amid some executive shuffling following CEO John Krafcik’s exit earlier this year. Dwyer and Frost’s departure was shared internally this week,…
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12 May 2021 0

Tesla refutes Elon Musk’s timeline on ‘full self-driving’

What Tesla CEO Elon Musk says publicly about the company’s progress on a fully autonomous driving system doesn’t match up with “engineering reality,” according to a memo that summarizes a meeting between California regulators and employees at the automaker. The memo, which transparency site Plainsite obtained via a Freedom of Information Act request and subsequently…
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7 May 2021 0

Less than 24 hours to save $100 to TC Sessions: Mobility 2021

Calling all frazzled procrastinators, feet-draggers, lollygaggers and last-minute decision makers. The best price on passes to TC Sessions: Mobility 2021, which takes place on June 9, disappears in mere hours. It’s now o’clock, baby. Shift your EV into gear, hail a robotaxi or tell Mr. Scott to beam you up — whatever it takes to…
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6 May 2021 0

Ford, BMW lead Solid Power’s $130M Series B round

A Solid Power manufacturing engineer holds two 20 ampere hour (Ah) all solid state battery cells for the BMW Group and Ford Motor Company. The 20 ampere hour (Ah) all solid state battery cells were produced on Solid Power’s Colorado-based pilot production line. Source: Solid Power. Solid state battery systems have long been considered the…
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3 May 2021 0

Volvo AG and Daimler Trucks team up in hydrogen fuel cell joint venture

Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025. While the two companies…
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3 May 2021 0

Porsche makes its case for an all-electric Taycan wagon

Porsche has always gone its own way when it comes to creating new vehicles. It is, after all, the company that continues to stick to the wacky idea that putting the weight of an engine in the rear of a sports car is a great idea. (It is!) So, bucking the crossover trend to create…
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27 April 2021 0

Tesla sees bitcoin as important financial tool to access cash quickly

Tesla’s relationship with bitcoin is not a dalliance, according to the comments made by the company’s CFO and dubbed “master of coin” Zach Kirkhorn during an earnings call Monday. Instead, the company believes in the longevity of bitcoin, despite its volatility. Tesla invested $1.5 billion in bitcoin this quarter and then trimmed its position by 10%,…
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27 April 2021 0

Hyundai invests in teleoperations startup Ottopia as part of $9M round

After spending much of his career in mission-critical environments, including the Israeli Air Force, Israeli Intelligence and leading development of a cybersecurity product at Microsoft, Amit Rosenzweig turned his attention to autonomous vehicles. It was a technology that he soon recognized would need what every other mission-critical system requires: humans.  “I understood that there are…
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23 April 2021 0

Micromobility’s next big business is software, not vehicles

The days of the shared, dockless micromobility model are numbered. That’s essentially the conclusion reached by Puneeth Meruva, an associate at Trucks Venture Capital who recently authored a detailed research brief on micromobility. Meruva is of the opinion that the standard for permit-capped, dockless scooter-sharing is not sustainable — the overhead is too costly, the…
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21 April 2021 0

All the electric vehicles that stood out at the Shanghai Auto Show

The 19th annual Shanghai Auto Show delivered a bevy of electric and tech-centric vehicles this year. Chinese, European and U.S. automakers showed off their latest offerings in every price segment, from the budget-minded ​​Wuling Hong Guang Mini via a joint venture between SAIC Motor Corp., General Motors Co. and Liuzhou Wuling Motors Co. to the…
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20 April 2021 0