Autonomous driving start-up Wayve bags $200 million from Microsoft, Virgin and Baillie Gifford

Wayve CEO and co-founder Alex Kendall. Wayve LONDON — U.Ok. autonomous driving start-up Wayve has been backed by a bunch of huge identify traders together with Microsoft, Virgin and Baillie Gifford in a $200 million funding spherical that brings whole funding within the firm as much as $258 million. Wayve didn’t disclose its new valuation … Read more

Ford signs five-year payments deal with Stripe for e-commerce drive

A Ford F-150 pickup truck is obtainable on the market at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Photos On-line fee processor Stripe has signed up Ford Motor Company as a buyer, in a five-year deal aimed toward bolstering the automotive big’s e-commerce technique. Ford Motor Credit score Firm, … Read more

Tesla asked law firm to fire attorney who worked on Elon Musk probe at SEC, report says

Tesla Motors CEO Elon Musk unveils a brand new all-wheel-drive model of the Mannequin S automobile in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters A lawyer for Tesla requested a legislation agency to fireplace one its attorneys or danger dropping its work for the electrical automaker led by Elon Musk, The Wall Avenue … Read more

How the U.S. fell behind in lithium, the ‘white gold’ of electric vehicles

The US has a lithium provide downside. Almost each main automaker has introduced a transition to electrical automobiles, Tesla delivered almost one million cars in 2021, and a handful of latest electrical car firms like Rivian and Lucid are rolling new fashions off the road. To be able to energy all of those EVs, we … Read more

Bill Ford is doubling down on Ford shares, and quietly amassing more control of his great-grandfather’s company in the process

Incoming Ford CEO Jim Farley (left) and Ford Government Chairman Invoice Ford Jr. pose with a 2021 F-150 throughout an occasion Sept. 17, 2020 on the firm’s Michigan plant that produces the pickup. Michael Wayland | CNBC DETROIT – Ford Motor Chair Invoice Ford has been slowly amassing extra shares, and management, of the automaker … Read more

Dogecoin jumps 9% after Elon Musk says its can be used to buy Tesla merchandise

SpaceX proprietor and Tesla CEO Elon Musk arrives on the pink carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Pictures The worth of dogecoin jumped greater than 15% on Friday earlier than paring positive aspects after Tesla started accepting the cryptocurrency as cost for some … Read more

Here’s the full list of the best-selling electric cars in China for 2021

A Neta (Nezha) V electrical automotive is on show on the Hozon Auto stand throughout an auto present in Tianjin, China, on Oct. 4, 2021. VCG | Visible China Group | Getty Photos BEIJING — Tesla and BYD remained by far the market leaders in China’s electrical automotive market in 2021, whereas new opponents emerged … Read more

U.S. chip giant Nvidia is finding success in China by riding the country’s EV boom

An indication is posted in entrance of the Nvidia headquarters on Could 10, 2018 in Santa Clara, California. Justin Sullivan | Getty Photographs A number of Chinese language electrical carmakers are turning to U.S. chip large Nvidia to energy their semi-autonomous driving programs, as they ramp up competitors with Tesla on the planet’s largest automobile … Read more

Soaring used car prices are pushing inflation higher, and there’s not much the U.S. can do about it

A pedestrian walks previous an authorized pre-owned automotive gross sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Photographs Regardless of President Joe Biden’s upbeat feedback on what appear to be early indicators of a peak in inflation, used automotive costs proceed to rise at ranges not seen … Read more

Ford’s market cap tops $100 billion for first time ever

Ford Motor Co. CEO Jim Farley walks to talk at a information convention on the Rouge Advanced in Dearborn, Michigan, September 17, 2020. Rebecca Prepare dinner | Reuters DETROIT – Ford Motor’s market worth topped $100 billion for the primary time ever because the automaker’s inventory hit a brand new 52-week excessive Thursday. The corporate’s … Read more

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