The U.S. Department of Energy has taken equity stakes in Canadian company Lithium Americas and its Nevada mining joint venture with General Motors as part of a renegotiation of a federal loan. Under the new terms, the U.S. government will take a 5% equity ownership in Lithium Americas and a 5% ownership in the Lithium […]
Toyota made two announcements that reflect the automaker’s growing interest in startups working on mobility, climate, AI, sustainability, and industrial automation.
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The Amazon-owned company will start by mapping public streets of the nation’s capital before testing begins later this year.
DoorDash’s 350-pound autonomous vehicle will hold your food in its robot mouth as it drives 20 miles per hour to deliver it to you.
The vehicle of the future is electric. It’s good for the environment. It has enough room for your stuff, as long as you’re coming from the grocery and not the furniture store. It’s fast, it has super-responsive steering, and you can park it basically anywhere – including your living room. That’s because the vehicle of […]
For EVs, it’s Zero Hour. When the clock strikes midnight on Oct. 1, the $7,500 federal tax credit on EVs will expire, potentially turning affordable electric carriages into showroom pumpkins. Sales of electric cars are certain to dip. Real-world prices will rise. The only question is how much, and for how long, as President Donald […]
There were no injuries, but the building has been deemed unfit for occupation. Faraday’s landlord is currently trying to find a new tenant as the EV startup’s lease is expiring.
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The Indian-owned carmaking giant will be bailed out after a cyberattack stalled car production and its downstream supply chain. Critics argue that the bailout sends the wrong message to hackers and crime groups.