GM Buys SoftBank’s $2.1 Billion Stake in Cruise
General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise for $2.1 billion, ending the Japanese investment firm’s stake in the business and giving the Detroit automaker 80% ownership.
March 18, 2022Embark Posts Wider Loss, Advances Tech Development
Autonomous truck developer Embark Technology Inc. issued its first annual and quarterly financial report as a public company, detailing steep losses but significant technology gains and key business partnerships.
March 18, 2022Stellantis, LG Energy Pick Ontario for Battery Plant
Stellantis NV and LG Energy Solution will build their new battery plant in Ontario, according to a person familiar with the matter, with an official announcement likely March 23.
March 18, 2022Musk Spared From Testifying in Tesla Autopilot Crash Suit
Elon Musk won’t have to testify in the first case set for trial that blames Tesla Inc.’s Autopilot for a fatal crash, a Florida judge said.
March 17, 2022Ceva, Kodiak Launch Autonomous Deliveries to Oklahoma
Ceva Logistics announced it teamed up with autonomous commercial vehicle technology company Kodiak Robotics Inc. to deliver freight autonomously between Dallas-Fort Worth and Oklahoma City, expanding on an existing relationship.
March 9, 2022DTNA’s O’Leary Urges Fleets to Prepare Now for Electric, Automated Future
ORLANDO, Fla. — Daimler Truck North America CEO John O’Leary urged fleets and maintenance shops to begin planning for the emergence of electric-powered and increasingly automated trucks.
March 9, 2022Tesla Defends Autopilot Safety in Response to Senators
Tesla Inc. defended the safety benefits of its Autopilot and Full Self-Driving driver-assist systems in a response to lawmakers who have criticized the company’s marketing of the technology.
March 9, 2022Musk Asks Judge to End SEC Oversight of His Tesla Tweets
Tesla Inc. Chief Executive Officer Elon Musk asked a judge to end the U.S. Securities and Exchange Commission’s oversight of his Twitter posts under a 2018 agreement because he claims it is being used to “trample” his free speech rights.
March 8, 2022Automated Truck Developers Discuss Path to Commercialization
ORLANDO, Fla. — Several developers of automated driving technologies for heavy-duty trucks provided an update on their on-road testing and commercialization plans at the Technology & Maintenance Council 2022 Annual Meeting & Transportation Technology Exhibition.
March 7, 2022Mobileye Files for IPO
Intel Corp. said its Mobileye self-driving car business has filed confidentially for an initial public offering.
March 7, 2022