Technology

LONDON — Bentley Motors is pouring billions into upgrading manufacturing to accelerate its electric vehicle development plan, joining other auto brands shifting away from gasoline engines, the luxury automaker said Jan. 26.

May Mobility Inc., a self-driving shuttle startup backed by the venture arms of Toyota Motor Corp. and BMW AG, raised $83 million in its largest funding round to date.

As technology continues to transform the commercial truck market, Daimler’s Richard Howard sees a similar evolution underway on the financial services side of the industry.

Volkswagen AG is partnering with Robert Bosch GmbH to develop a common software platform to bring hands-free driving functions to the German carmaker’s entire fleet in a bid to compete with Tesla Inc.

General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the state to make sure the automaker didn’t take a big piece of its EV business elsewhere.

The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses, including automakers and the consumer electronics industry.

Hundreds of well-funded robotics startups are working on self-driving cars, self-piloting drones and shelf-diving warehouse robots. One lesser-known area that’s beginning to draw the attention of investors: autonomous lawn mowers.

The 19-year-old cybersecurity researcher who remotely accessed dozens of Tesla Inc. vehicles through a third-party flaw, has a new trick: hacking the car owners’ email addresses to notify them they are at risk.

Paccar Inc. reported fourth-quarter net income rose 26% and revenue increased by about $1 billion compared with a year earlier.