Lucid Motors is on the precipice of completing a merger that will give the Saudi-owned electric vehicle startup $4.5 billion in fresh capital. But the deal is being held up, in part, by spam filters. The California-based startup is merging with a special purpose acquisition company, or SPAC, called Churchill Capital IV that is already …
Lucid Motors’ $4.5 billion merger is being held up by spam filters Read More »
General Motors has filed a lawsuit to try to prevent Ford from using the name “BlueCruise” for the hands-free driving feature it announced earlier this year. First reported by the Detroit Free Press, GM claims the name is too close Super Cruise, the name of is own hands-free driving technology introduced in 2017, and to …
GM, Cruise suing to stop Ford from using the name ‘BlueCruise’ Read More »
Electric vehicle startup Faraday future is a publicly traded company. It’s okay, I’ll give you a moment. I’ve been reporting on Faraday Future for four years and it has even stunned me a few times in recent weeks. But it’s true: today, the startup’s shares began trading on the Nasdaq stock exchange, and a fresh …
On Sunday, a bipartisan group of Senators published draft text of a massive new bipartisan infrastructure bill, proposing more than a trillion dollars in spending and a vast array of far-reaching provisions. But a little-noticed section in the bill could have significant implications in the fight against drunk driving, eventually mandating a new in-car safety …
The official announcement that “the new Lamborghini Countach is coming” aims directly at anyone who had a picture of the iconic sports car on their wall as a kid. With a body covered in angles and show-stopping gull-wing doors, it was the perfect dream car for anyone who didn’t have a driver’s license or plans …
A new Lamborghini Countach is almost here, and it might be a hybrid Read More »
The 2021 New York International Auto Show has been canceled as the delta variant of COVID-19 continues to spread throughout the United States. The show was supposed to run from August 20th to August 29th at the Jacob K. Javits Center in New York City. The show’s organizers announced the cancellation Wednesday “with great disappointment,” …
New York Auto Show canceled as delta variant spreads Read More »
In Southern District of New York federal court on Thursday, Nikola founder Trevor Milton was charged with securities fraud. The charges allege that Milton made a series of materially false claims which portrayed the electric vehicle company Nikola as far closer to releasing a functional product than it actually was, and raising more than $500 …
Nikola founder charged with securities fraud over allegedly fake truck demo Read More »
Tesla agreed to pay $1.5 million to settle a lawsuit alleging the company used a software update to reduce the maximum battery voltage for some of its Model S sedans, Reuters reports. The software update, which was released in 2019, resulted in slower charging speed and diminished range for around 1,743 vehicles, the plaintiffs alleged. …
Tesla agrees to pay $1.5 million to settle battery throttling lawsuit Read More »
Mercedes-Benz has confirmed that the EQS sedan, its flagship electric vehicle, will cost at least $100,000, as it began taking orders in Germany on Tuesday. The base model, which has a 90kWh battery pack and uses a single electric motor to power the rear wheels, starts at €106,374.10 — roughly $124,000. The more expensive dual-motor, …
Mercedes-Benz confirms the electric EQS will cost over $100,000 Read More »
Ulrich Kranz, a former BMW executive and the recently departed CEO and co-founder of EV startup Canoo, has been hired by Apple, the company has confirmed to The Verge. Kranz will reportedly work on the Silicon Valley behemoth’s electric car under Doug Field, the former Tesla executive who runs the day-to-day operations of the project, …
Apple hires former Canoo CEO as it ramps up electric car project Read More »
