Kirsten Korosec
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Lyft’s newly appointed CEO David Risher told employees in an email Friday that the company is significantly reducing its workforce as part of a restructuring effort.
Risher said the restructuring is part of Lyft’s plan to “better meeting the needs of riders and drivers.” The company confirmed that it...
Google’s conversation AI tool Bard can now help software developers with programming, including generating code, debugging and code explanation— a new set of skills that were added in response to user demand.
Coding has been one of the top requests Google has received from users, according to Friday a...
Twitter appears to have officially killed off its legacy blue checkmarks, one of the last remaining vestiges of the pre-Elon Musk owner era.
The legacy blue checks, which Twitter doled out to journalists, celebrities and other public officials for free to help curb impersonations and spam, were supposed to...
Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy
Kirsten Korosec - 0
Autotech Ventures will use its newly closed $230 million fund to expand beyond its foundation of early-stage ground transportation startups and invest in what the firm believes are the next big opportunities in automotive and mobility.
Fintech, logistics, supply chain and the circular economy are at the top of...
Ford said Tuesday it will spend $1.34 billion (C$1.8B) to turn its 70-year-old Oakville facility in Canada into an assembly plant for its next-generation of electric vehicles.
The campus, which first opened in 1953, will be renamed Oakville Electric Vehicle Complex. The company said Tuesday it will begin modernizing...
Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications Group Company.
Emirates Telecommunications, the UAE telco giant that is now known as e&, said Monday it reached an agreement...
Tesla may be a relative newcomer compared to legacy companies like GM and Ford, but it has adopted an age-old tactic in the industry: price wars.
The automaker has lowered the sticker price on its vehicles in the U.S. and China numerous times since last fall. And any speculation...
Cruise recalls 300 robotaxis, issues software update after crashing into city bus
Kirsten Korosec - 0
GM’s self-driving unit Cruise filed with federal regulators a voluntary recall to update the software in 300 robotaxis after one struck the back of a city bus in San Francisco.
Cruise said in a report with the National Highway Transportation Safety Administration that it initiated the recall because in...
Tesla has nominated JB Straubel, the company’s former CTO who is now running his own startup Redwood Materials, as its next independent board member.
The company said in a regulatory filing Thursday that Straubel, if elected by shareholders (which is almost a certainty) would take over the spot vacated...
Jeep revealed Wednesday at the New York International Auto Show its 2024 Wrangler portfolio — a smorgasbord of off-roaders with new capabilities and features — and tucked into the mix is another plug-in hybrid.
The Stellantis brand said it will add the 2024 Jeep Wrangler Sport S 4xe to...