News
Ford held talks with China’s Xiaomi over EV partnership, FT reports
7+ hour, 36+ min ago (267+ words) Jan 31 (Reuters) " Ford has held talks with electric-vehicle maker Xiaomi about forming a joint venture to manufacture EVs in the U.S., the "Financial Times reported on Saturday, citing people familiar with the matter. Reuters could not immediately verify the FT report,…...
Waymo seeking about $16 billion near $110 billion valuation, Bloomberg News reports
7+ hour, 48+ min ago (105+ words) Jan 31 (Reuters) - Alphabet unit "Waymo is aiming to raise "about $16 billion "in a financing round that would value "it at "nearly $110 "billion, "Bloomberg News "reported on Saturday, citing people familiar "with the matter. Reuters could "not "immed... Waymo seeking about…...
Analysis-Combining SpaceX with xAI may be simple for Musk Inc, but Tesla isn’t so easy
1+ day, 3+ hour ago (670+ words) By Chris Kirkham and Ross Kerber Jan 30 (Reuters) " Elon Musk fans and the man himself have long mused about Musk Inc, a merger of companies owned by the world's richest man. But with SpaceX expected to go public later this…...
US to propose unwinding Biden-era heavy truck fuel economy rules
1+ day, 5+ hour ago (310+ words) WASHINGTON, Jan 30 (Reuters) " The U.S. Transportation Department said Friday it plans to propose rolling back fuel economy standards for heavy-duty pickup trucks and vans, the latest effort to unwind stringent vehicle "standards set by former President Joe Biden. In 2024, Biden's administration…...
Michigan AG asks Chinese battery maker Gotion to return $23.7 million after defaulting on US plant
1+ day, 7+ hour ago (180+ words) WASHINGTON, Jan 30 (Reuters) " Michigan Attorney General Dana Nessel on Friday asked Chinese battery company Gotion Inc to return $23.7 million in state funds "the company received after the company last year abandoned a plan to build a $2.4 billion plant in Michigan…...
VinFast teams up with Autobrains to develop low-cost self-driving tech
5+ day, 9+ hour ago (239+ words) Jan 26 (Reuters) " VinFast has partnered with AI firm Autobrains to develop advanced autonomous driving technology, including a low-cost "Robo-car" system, "the companies said on Monday, potentially boosting the Vietnamese EV maker's self-driving tech push. The deal could help the EV…...
Tesla reduces Berlin staff by 1,700, Handelsblatt reports
1+ week, 3+ day ago (129+ words) BERLIN, Jan 21 (Reuters) " Tesla's workforce at its gigafactory outside Berlin "has shrunk by some 1,700 employees, the Handelsblatt business daily reported on Wednesday. The Gruenheide plant south-east of "the German capital, "Tesla's only production site in Europe, currently has 10,703 workers, the…...
Lemonade to halve Tesla insurance rates for miles driven with software assistant
1+ week, 3+ day ago (472+ words) SAN FRANCISCO, Jan 21 (Reuters) " U.S. insurer Lemonade said on Wednesday it would offer a 50% rate cut for drivers of Tesla electric vehicles when the automaker's Full Self-Driving (FSD) driver assistance software is steering because it had data showing it "reduced accidents....
Elon Musk vs Ryanair: O’Leary dismisses takeover threat
1+ week, 3+ day ago (434+ words) DUBLIN, Jan 21 (Reuters) " Elon Musk can't buy Ryanair, but any investment would do better than his returns from X, the airline's boss Michael O'Leary said on Wednesday, in the latest round of a "public spat that O'Leary said was helping…...
Tesla’s Cybercab, Optimus output to start ‘agonizingly slow’, ramp up later, Musk says
1+ week, 4+ day ago (301+ words) Jan 20 (Reuters) " Tesla CEO Elon Musk said on Tuesday that early production rate of the company's Cybercab robotaxi and its humanoid robot Optimus will be "agonizingly "slow" before accelerating over time. Much of Tesla's $1.39 trillion valuation hinges on investor expectations…...