Meritor Inc. announced several new business awards that expand its role in vehicle electrification, including the medium-duty segment, and broaden its global reach to offset the cyclical North American truck market, its largest customer base.
December 8, 2021Search
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BMW Signs Long-Term Chip Deal
BMW AG signed a long-term deal to secure semiconductors for in-car lighting systems after a global shortage of the components led to shutdowns at some of its factories.
December 8, 2021Amazon Web Outage Affects Delivery Operation
An Amazon Web Services outage is wreaking havoc on the e-commerce giant’s delivery operation, preventing drivers from getting routes or packages and shutting down communication between Amazon and the thousands of drivers it relies on, according to four people familiar with the situation.
December 7, 2021Daimler, Waymo Outfitting Custom Chassis for Autonomous Driving
Daimler reported a custom Class 8 chassis specifically intended to support SAE Level 4 driving is being outfitted through its partnership with the autonomous technology company Waymo.
December 7, 2021Musk Not a Fan of Biden’s Build Back Better Act
Tesla Inc.’s Elon Musk spoke out in opposition to President Joe Biden’s signature economic package, questioning the need for legislation that would support electric car adoption due to concerns government spending is out of control.
December 7, 2021LG Energy Seeks Up to $10.8 Billion in Record IPO
LG Energy Solution plans to raise as much as $10.8 billion in what would be South Korea’s biggest-ever initial public offering, defying concerns over fires involving its batteries that led to a mass recall of Chevrolet Bolt electric vehicles.
December 7, 2021Intel to Take Mobileye Unit Public in 2022 IPO
Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry.
December 7, 2021Stellantis Wants to Outfit Cars With AI to Drive Up Revenue
MILAN — Carmaker Stellantis announced a strategy Dec. 7 to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by 2030.
December 7, 2021ERoad Bolsters North American Presence With Coretex Acquisition
New Zealand-based ERoad announced Dec. 1 that it has closed the acquisition of the telematics solutions provider Coretex Limited.
December 6, 2021EV Maker Lucid Reveals SEC Investigation
Lucid Group Inc. disclosed it has become the latest electric vehicle maker to come under U.S. investigation following a merger with a blank-check company, sending its shares plummeting.
December 6, 2021