Kirsten Korosec
Baillie Gifford is buying nearly 44 million newly issued shares in Joby Aviation, a purchase that will provide a $180 million injection of capital into the company as it continues to develop all-electric aircraft for a commercial passenger service.
Joby Aviation said Wednesday as part of its first-quarter earnings...
Ford cut the price of its all-electric Mustang Mach-E by as much as $4,000 while adding range and other features — the latest move in an EV price war sparked by Tesla.
Ford said Tuesday it is reopening its order book and preparing to ramp production of the vehicle...
Faraday Future is nearly out of cash and its long-delayed EV has yet to land in customers’ hands, which means this is the perfect time for the publicly-traded company to jump head first into the AI hype machine.
Faraday Future said Tuesday it is adding generative AI to its...
Lordstown Motors is at risk of failing — again.
The EV startup that went public via a SPAC merger cautioned investors Monday that it may be forced to file for bankruptcy because Foxconn may pull out of a critical funding deal, according to a regulatory filing.
Taiwanese manufacturer Foxconn sent...
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Lyft said Thursday it will cut 26% of its workforce, or about 1,072 people, as part of a restructuring plan aimed at rebuilding its core ride-hailing product and boosting profits.
The company also said in a regulatory filing Thursday that it decided to scale back hiring plans and will...
Vietnamese EV automaker Vinfast is getting a $2.5 billion injection of capital as it pursues an ambitious plan to woo U.S. consumers with a slate of electric SUVs and crossovers.
Billionaire Pham Nhat Vuong, who founded Vinfast’s parent company Vingroup, committed Wednesday to invest $1 billion of his personal...
Cruise co-founder and CEO Kyle Vogt said Tuesday that the company’s fleet of robotaxis are now operating 24 hours a day throughout all of San Francisco. And if you’re an employee, you can access it.
The operational milestone comes a decade since Vogt and Dan Kan co-founded Cruise, which...
General Motors Chair and CEO Mary Barra said Tuesday the automaker will stop producing its two top-selling EVs: the Chevy Bolt and its larger sibling, the Bolt EUV, by the end of 2023.
Barra told investors during the company’s earnings call that its Orion Michigan factory, which currently assembles...
Tesla scored a victory Friday after a California jury determined the automaker was not to blame for a 2019 crash that involved its advanced driver assistance system, known as Autopilot.
The jury awarded no damages to Los Angeles resident Justine Hsu, who sued Tesla in 2020 alleging negligence, fraud...
