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Waymo Closes $5.6 Billion Funding Round

Waymo, Alphabet Inc.’s autonomous driving unit, raised $5.6 billion from investors, its largest-ever funding round.

October 25, 2024

VW’s Scout Motors Adds New Hybrid Models

Volkswagen AG’s forthcoming Scout line of battery-powered sport utility vehicles and pickup trucks is adding gasoline-fueled internal combustion engines to the mix.

October 25, 2024

Biden Greenlights Lithium Mine in Race to Secure Supply

Ioneer Ltd.’s Rhyolite Ridge Lithium-Boron Project in Nevada has received its federal permit from the Bureau of Land Management, according to a company statement Oct. 24.

October 24, 2024

GM Sees Timing Issue as Canada Reduces EV Rebates

“Just as mandates and regulations start to bite, the timing is not necessarily lining up very well, in that the purchase incentive support comes off,” GM Canada's president said. 

October 24, 2024

GSA Awards $33.2M for Pacific Highway Port Modernization

The U.S. General Services Administration has awarded a $33.2 million contract to modernize Washington state’s busiest commercial border crossing with Canada.

October 24, 2024

Isaac Introduces Analytics Platform and First AI Features

DALLAS — In-cab technology supplier Isaac Instruments is rolling out a new analytics platform and its first set of features powered by AI to help fleets derive more value from their data.

October 24, 2024

German Flying Taxi Firm Lilium May File for Insolvency

Lilium NV said its main subsidiaries may be forced to file for insolvency proceedings within days as the electric flying taxi firm struggles to raise enough funding to continue operations.

October 24, 2024

China’s CATL Unveils Battery Designed for Hybrid Vehicles

China’s Contemporary Amperex Technology Co. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.

October 24, 2024

Tesla Stock Rises After Q3 Earnings Beat Estimates

The company on Oct. 23 reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate.

October 23, 2024