Tortoise is expanding its remote controlled delivery robots to convenience store chains across the U.S. through a new two-year strategic partnership with King Retail Solutions (KRS), an Idaho-based retail brand strategy company with a national footprint. Under the agreement, KRS will resell and distribute more than 500 of Tortoise’s sidewalk delivery vehicles to help its […]
The 2022 Ford Maverick is a compact truck light on capability and chock full of potential
The Ford F-series pickup is America’s truck. At least, that’s what the numbers tell us. It’s been America’s top-selling vehicle for close to half a century. While the Chevrolet Silverado and Ram’s series of pickups are worthy competitors, Ford still sells tens of thousands more units than either one. If you spend any time with […]
Chalo raises $40 million to digitize bus commutes in India
More than a decade ago, Mohit Dubey founded CarWale, a startup that allows people to sell and buy used and new cars. But spending more than 10 years with the startup made Dubey realize that he was solving problems for just 3% of India. He wanted to try something bigger. Literally. His current venture is […]
NHTSA rejects petition for formal investigation into Tesla’s battery management software
The National Highway Traffic and Safety Administration rejected a 2019 petition requesting the agency open a formal investigation into Tesla’s battery management software over allegations that an over-the-air update was defective and caused fires in five vehicles. The agency decided not to open a formal investigation in part because the majority of those incidents occurred […]
Qualcomm acquires Veoneer for $4.5 billion, canceling its agreement with Magna
Qualcomm scored the purchase of Swedish automotive tech company Veoneer, nudging out Magna International with a higher bid. Qualcomm and investment group SSW Partners said Monday they would acquire Veoneer for $37 per share in an all-cash transaction. At closing, SSW said it would sell Veoneer’s Arriver tech — an advanced driver assistance system stack […]
Geely’s Volvo Cars will file for initial public offering on Stockholm’s Nasdaq
Volvo Cars, the Swedish carmaker owned by China’s Zhejiang Geely Holding, said Monday it would file for an initial public offering and list on the Nasdaq Stockholm exchange, in a transaction that’s expected to raise up to $2.9 billion (25 billion Swedish kroner). The deal could value the automaker at up to $25 billion, The […]
The Station: Inside the Rivian R1T and its IPO filing
Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Welp, it was an EV heavy week, starting with the Polestar SPAC and ending with the Rivian IPO filing (curses to the late Friday regulatory filing). Oh, and […]
Why Chip-Constrained Carmakers Can’t Just Transition To Newer Chips
Car buyers are discovering that supply chain constraints “have thrusted prices upwards considerably for new and used vehicles alike,” notes Jalopnik.
But while last month Fortune ran an article headlined “Chipmakers to carmakers: Time to get out of t…
Tesla delivers record-breaking number of vehicles in third quarter
Tesla delivered a record-breaking 241,300 electric vehicles in the third quarter, blowing past expectations as other U.S. automakers experienced a drop in sales as the result of a global chip shortage. The vast majority of Tesla deliveries (some 96%) were its newer Model 3 sedan and Model Y crossover, according to its report released Saturday. […]
Chip Shortage Makes GM Scrap Its Hands-Free Highway Driving Feature
“Like a half-filled bag of salty snacks, there simply aren’t enough semiconductor chips to go around these days,” writes CNET.
“At General Motors, the crisis struck one of its biggest cash cows as Cadillac confirmed too few chips led it to scrap the S…