Rebecca Bellan
As layoffs tear through the startup world, the micromobility industry, which has long struggled to be profitable, is getting hit. Just a couple of weeks after Bird laid off 23% of its staff, the next round of industry layoffs is affecting Voi and Superpedestrian, according to LinkedIn posts...
A Black former worker at Tesla’s Fremont, California assembly plant has rejected a $15 million payout from the automaker in a lawsuit alleging racial abuse by co-workers. A judge gave the worker, Owen Diaz, a two-week deadline to accept the award, which had been slashed from the original...
Redwood Materials, the lithium-ion battery recycling startup founded by former Tesla CTO JB Straubel, is partnering with Toyota to collect, refurbish and recycle batteries and battery materials that can be sent to the Japanese automaker’s upcoming North Carolina battery plant.
The partnership, which will only collect batteries from Toyota’s...
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London-based Waymap wants to help guide visually impaired people to navigate their surroundings, and it’s starting with public transit. The company just concluded a closed two-week trial of its navigation app at three stops within Washington, D.C.’s Metro, and hopes to begin a public trial at 25 Metro...
Tesla has upped its prices again, with some models increasing in price by up to $6,000. The automaker has increased prices of its luxury electric vehicles multiple times this year, including a major price hike twice in the same week in March and a smaller increase on certain...
Ford Motor is preparing for an economic downturn, despite steady consumer demand for new vehicles, according to the automaker’s chief financial officer.
Even though Ford has seen record profits and strong demand for electric vehicles like the Mustang Mach-E, rising battery material costs and inflation are erasing any potential...
General Motors is investing more than $81 million to build the Cadillac Celestiq, the luxury electric hatchback, at the company’s Global Technical Center, the heart of the automaker’s engineering and design efforts. The funds will be used to purchase and install related equipment to hand-build the Celestiq at...
In a major setback for app-based gig economy companies like Uber, Lyft and DoorDash, a Massachusetts court ruled on Tuesday to throw out a proposed ballot measure that would, if passed, define gig workers as independent contractors rather than employees.
The Massachusetts Supreme Judicial Court’s unanimous decision found that...
Amid an investigation by the Securities and Exchange Commission into inaccurate statements to investors, Faraday Future has received a preliminary request for information from the U.S. Department of Justice.
The DOJ’s request for information is related to the SEC probe, according to a securities filing submitted by the electric...
