Tech Giants Make Push Into Autonomous Driving
For tech giants that are diving into self-driving tech or have grand plans for their own cars, that push isn’t just about breaking into a new market — it’s about defending valuable turf.
June 25, 2021Embark to Go Public, Merge With SPAC in $4.5 Billion Deal
Self-driving truck technology company Embark Trucks Inc. has entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II, a special purpose acquisition company.
June 24, 2021VW CEO Sees Autonomy Transforming Cars More Than Electrification
Volkswagen AG is undergoing the world’s largest industrial overhaul for the electric-vehicle age, plotting half a dozen battery plants just in Europe and retooling assembly lines around the globe. And yet, its CEO sees autonomous-driving technology bringing about an even bigger shift.
June 22, 2021Amazon in Talks to Buy Stake in AI Truck-Driving Startup Plus
Amazon .com Inc. has placed an order for 1,000 autonomous driving systems from self-driving truck technology startup Plus and has acquired the option to buy a stake of as much as 20%, Plus said in a regulatory filing.
June 21, 2021Bridgestone Invests in Kodiak Robotics
Bridgestone Americas announced it made a minority investment in self-driving truck technology company Kodiak Robotics Inc.
June 18, 2021FedEx to Test Nuro Autonomous Delivery Vehicles
STATEN ISLAND, N.Y. — FedEx Corp. announced June 15 that it has partnered with Nuro, one of the nation’s leading autonomous vehicle companies, to test the use of driverless vehicles for multistop and appointment-based deliveries in Houston.
June 18, 2021In Reversal, Lordstown Motors Says It Has No Firm Truck Orders
TOLEDO, Ohio — Struggling electric truck maker Lordstown Motors said June 17 it doesn’t have any firm orders for its vehicles, just days after its president said the company had enough to maintain production through 2022.
June 18, 2021Electric Plane Pioneer Pivots to Cargo Drones
The man behind the only electric plane cleared to fly quickly discovered the challenges of converting world-leading technology into profits in a hotly contested, futuristic segment of aviation.
June 17, 2021KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion
KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.
June 17, 2021Locomation Adds PGT Trucking to Its Autonomous Convoy
Self-driving technology company Locomation announced motor carrier PGT Trucking Inc. is the latest fleet to sign up for its human-guided autonomous truck convoying technology.
June 16, 2021