Gabrielle Coppola
Lidar Startup Aeva Adds $200 Million to SPAC Deal
A Lidar sensor is seen on top of a Byton K-Byte electric sedan during AutoMobility LA in November 2018. (Patrick T. Fallon/Bloomberg News)
Aeva, a laser-sensor startup founded by two ex-Apple Inc. engineers, is poised to increase its war chest by $200 million with an investment by a Hong Kong-based hedge fund ahead of its public listing via a reverse merger.
January 4, 2021Hyundai-Aptiv Venture Wins Driverless Test Approval in Nevada
A BMW vehicle outfitted with Motional technology drives in Las Vegas, where the venture is partnered with Lyft. (Motional)
Hyundai Motor Group and Aptiv Plc’s $4 billion self-driving venture received permission from the state of Nevada to test autonomous vehicles on public roads without a safety driver, the company said.
November 17, 2020Daimler to Take Stake in Luminar, Diversifying Autonomous Efforts
Austin Russell, founder and CEO of Luminar Technologies, holds a lidar box at the company's headquarters in Portola Valley, Calif., in July 2017. (David Paul Morris/Bloomberg News)
Daimler AG’s truck unit is investing in a laser-sensor startup to bolster its development of self-driving trucks in the U.S. less than a week after striking a deal to use driverless technology from a unit of Google parent Alphabet Inc.
October 30, 2020With Fully Autonomous Driving Distant, Lidar Finds Its Place
A Mercedes-Benz Urbanetic Vision autonomous electric concept van, manufactured by Daimler AG, drives on stage at the IAA Commercial Vehicles Show in Germany in September 2018. (Krisztian Bocsi/Bloomberg News)
The promise of self-driving cars and robotaxi fleets once seemed just around the corner, but reality is setting in. Makers of the underlying technology are pivoting to more realistic ways of making money in the here and now.
October 26, 2020Top US Dealer Warns Automakers Are Missing Resupply Deadlines
Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich. (Jeff Kowalsky/Bloomberg News)
AutoNation Inc., the largest U.S. car retailer, is warning new-vehicle inventories remain thin as automakers miss resupply deadlines, which may mean fewer choices and higher prices for buyers.
October 21, 2020US Automakers Dig Out of Pandemic Hole as Prices Soar
A line of 2020 Hyundai models sits in a storage lot in Colorado on Sept. 3. (David Zalubowski/Associated Press)
Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic.
September 30, 2020VW Aims to Turn Legions of SUV Buyers Into Electric Converts
A VW ID.4 stands in a street during a presentation in Germany on July 29. (Sebastian Kahnert/dpa via AP)
Volkswagen AG is setting a high bar for the first electric vehicle it will build around the globe.
September 23, 2020Rivian Faces Ban From Michigan Car Dealers in Direct-Sales Fight
The Rivian R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News)
Michigan auto dealers are trying to block startup electric carmakers including Rivian Automotive Inc. and Lucid Motors Inc. from following in Tesla Inc.’s footsteps by selling vehicles directly to consumers and servicing them in the state.
September 21, 2020Detroit Carmakers to Resume Pre-COVID Output to Meet Demand
The Ford Motor Rouge assembly plant stands in Dearborn, Mich., on May 18. (Emily Elconin/Bloomberg News)
Detroit’s automakers are gearing up for full production as they race to make up for lost output and meet stronger-than-expected demand.
June 19, 2020Tesla Hails Air-Quality Effects of Shutdowns Elon Musk Called ‘Fascist’
Vehicles drive in light traffic along the Pacific Coast Highway in Santa Monica, Calif., on March 19, 2020. (Patrick T. Fallon/Bloomberg News)
Tesla Inc. said the drop in pollution during coronavirus-related shutdowns could embolden governments that already have been making plans to eventually ban vehicles that run on fossil fuels.
June 8, 2020