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CEO Elon Musk said the layoffs, part of a comprehensive restructuring, would keep Tesla on track to make its production targets for the Model 3, amid the company's race to boost its margins.
Jun 12, 2018
BMW will integrate venture capital-backed startup Innoviz's LiDAR sensors and computer vision software into its autonomous vehicles slated to hit roads in 2021.
Apr 26, 2018
Aviva Ventures has led the funding for Savari, a maker of wireless sensor technologies and software for autonomous and semi-autonomous vehicles. The company's products allow cars to share data with...
Apr 25, 2018
Daimler and BMW are merging their mobility service units in a bid to fend off rival automakers and tech companies, as well as future-proof their traditional manufacturing operations.
Mar 28, 2018
Electric car startup NIO has hired investment banks including Goldman Sachs and Morgan Stanley to lead a US public offering that could raise up to $2 billion this year, per Reuters. The company was...
Mar 1, 2018
Xiaopeng Motors (aka Xpeng) has reportedly secured about $350 million in a round led by Alibaba and Foxconn. The company manufactures connected and electric vehicles.
Jan 30, 2018
Former US transportation secretary Anthony Foxx has joined the advisory board of Autotech Ventures, which invests in startups in the transportation industry. The firm, which closed its debut fund...
Renault-Nissan-Mitsubishi, the strategic partnership of the French and Asian car giants, has announced plans to invest $1 billion over the next five years via Alliance Ventures, a new corporate...
Jan 11, 2018
The annual press event kicking off CES is a great sneak peek at what the huge tech conference will bring. Here are five key themes we expect to see once the main hall opens.
Jan 8, 2018
Tyre maker Continental and electronics giant Bosch have both acquired 5% stakes in digital maps provider HERE Technologies. The deal unites two of the world's largest car-parts suppliers with the...
Jan 5, 2018
July 09, 2018
July 03, 2018
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