Kirsten Korosec
Canoo has agreed to sell 50 million shares at a steeply discounted price as the cash-strapped EV company seeks the money it needs to keep its operations running.
Canoo said Monday it would sell 50 million new shares to unnamed investors for $1.05 per share, a 16% discount from...
Elon Musk was found not liable in a class-action securities fraud trial that centered on the Tesla CEO’s now infamous “funding secured” tweet.
After less than 90 minutes of deliberation, a jury announced the verdict in the trial that kicked off three weeks ago in San Francisco. The outcome...
A few more electric vehicle models now qualify for the federal EV tax credit, including GM’s Cadillac Lyric, the Ford Mustang Mach-E and Tesla’s five-seater Model Y, thanks to a change by the U.S. Treasury.
The U.S. Treasury Department updated Friday the vehicle classification standard, revising a definition that...
Two EV startups may soon be battling it out in court over alleged breach of contract and patent infringement.
EV startup Bollinger Motors filed a lawsuit this week in the U.S. District of Southern New York against Munro Vehicles, and its head designer, over alleged breach of contract, patent...
Way back in November 2021, Nissan shared renderings of four electric vehicle concepts with intriguing names like Chill-Out, Surf-Out, Hang-Out and Max-Out as part of its announcement to invest $17.6 billion to develop new EVs and battery technology.
Nissan has finally showed a physical version of one of those...
General Motors said Tuesday it will invest $650 million into Lithium Americas as part of an agreement to develop a mine in Nevada, the latest effort by the automaker to lock down a supply chain of key components needed to produce millions of EVs.
The investment in raw materials...
Aurora Innovation said Monday it has hired Ossa Fisher as president as the autonomous vehicle company prepares to commercially launch its self-driving trucks business next year.
The company said Fisher, who was most recently president and chief operating officer of education tech company Istation, will be based in Dallas....
Arrival is going through another restructuring — this time led by a newly appointed CEO — that will slash its workforce by about 50% as the the U.K.-based commercial EV company attempts to reduce operating costs and preserve cash.
The company said Monday that Igor Torgov, former executive VP...
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Autonomous vehicle technology may no longer be the fuel powering the hype machine. But companies applying the technology to agriculture, commercial and logistics applications are still attracting venture capital.
Take Outrider, a Golden, Colorado startup developing autonomous electric yard trucks, for example.
Distribution yards are the nerve center of the...
