Mercedes-Benz is en route to cut costs after profits in the third quarter more than halved year-over-year due to weaker demand in China.
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Despite the steep competition and roadblocks, the company has high hopes for expanding its self-driving services.
Executives believe the market for electric vehicles is about to see a rebound in demand as prices come down.
Charging infrastructure remains one of the biggest hurdles for widespread EV adoption.
The Biden administration is introducing a ban on both hardware and software for “connected vehicles” from China and, incidentally, Russia.
While this could create a lucrative new revenue stream for Ford, it also presents a privacy conundrum, one expert said.
American Transit Insurance Company (ATIC) insures over 60% of 117,000 taxis and for-hire vehicles. And it’s insolvent.
Uber announced it’s investing in Wayve, a UK-based startup that’s building self-driving software for cars.
A couple of China-based EV giants had good news to share in spite of a weakened consumer at home and fresh tariffs from the EU and Canada.
In addition to offering mobile headquarters for families on vacation, recreational vehicle sales are a pretty good indicator of the economy.
The European Commission on Tuesday solidified new tariffs for electric vehicles imported from China. The actual numbers aren’t harsh.
GM is cutting over 1,000 workers, equivalent to roughly 1.3% of its total workforce, from its software and services division.
But data aside, many have cast doubt on the company’s plan for autonomous ridesharing.
Carvana posted stellar results in its latest earnings call, leaving many analysts to wonder if this may be the start of something new.
General Motors shares tumbled after the company said its driverless taxi division, Cruise, will suspend production of the Origin robotaxi.
Patents like this serve as a reminder that autonomous vehicles look like more than just cars themselves.