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Business, Technology, Autonomous

GM Buys SoftBank’s $2.1 Billion Stake in Cruise

 A Cruise vehicle in San Francisco, Calif. A Cruise vehicle in San Francisco. (David Paul Morris/Bloomberg News)

General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise for $2.1 billion, ending the Japanese investment firm’s stake in the business and giving the Detroit automaker 80% ownership.

David Welch | Bloomberg News
March 18, 2022
Business, Technology, Equipment, Autonomous

Embark Posts Wider Loss, Advances Tech Development

Embark truck Embark said in February it would partner with Alterra Property Group to identify locations to build hubs as transfer points for autonomous trucks. (Embark Trucks)

Autonomous truck developer Embark Technology Inc. issued its first annual and quarterly financial report as a public company, detailing steep losses but significant technology gains and key business partnerships.

Jerry Hirsch | Contributing Writer
March 18, 2022
Government, Business, Technology, Fuel, Autonomous

Stellantis, LG Energy Pick Ontario for Battery Plant

Stellantis and LG logos Stellantis by Carlos Osorio, AP; LG by SeongJoon Cho/Bloomberg

Stellantis NV and LG Energy Solution will build their new battery plant in Ontario, according to a person familiar with the matter, with an official announcement likely March 23.

Danielle Bochove | Bloomberg News
March 18, 2022
Business, Technology, Autonomous

Musk Spared From Testifying in Tesla Autopilot Crash Suit

Elon Musk Tesla has shown that Musk “does not have unique personal knowledge of the issues in the case,” Florida Circuit Court Judge Janis Keyser wrote in a brief ruling. (Al Drago/Associated Press)

Elon Musk won’t have to testify in the first case set for trial that blames Tesla Inc.’s Autopilot for a fatal crash, a Florida judge said.

Malathi Nayak | Bloomberg News
March 17, 2022
Business, Technology, Logistics, Autonomous, Top 50

Ceva, Kodiak Launch Autonomous Deliveries to Oklahoma

Kodiak-Ceva truck PR Newswire

Ceva Logistics announced it teamed up with autonomous commercial vehicle technology company Kodiak Robotics Inc. to deliver freight autonomously between Dallas-Fort Worth and Oklahoma City, expanding on an existing relationship.

March 9, 2022
Business, Technology, Autonomous

DTNA’s O’Leary Urges Fleets to Prepare Now for Electric, Automated Future

John O'Leary John O' Leary by John Sommers II for Transport Topics

ORLANDO, Fla. — Daimler Truck North America CEO John O’Leary urged fleets and maintenance shops to begin planning for the emergence of electric-powered and increasingly automated trucks.

Seth Clevenger | Managing Editor, Features
March 9, 2022
Government, Business, Technology, Autonomous

Tesla Defends Autopilot Safety in Response to Senators

A Tesla steering wheel Tesla has come under criticism for its promotion of the Autopilot and Full-Self Driving features. (Angel Garcia/Bloomberg News)

Tesla Inc. defended the safety benefits of its Autopilot and Full Self-Driving driver-assist systems in a response to lawmakers who have criticized the company’s marketing of the technology.

Keith Laing | Bloomberg News
March 9, 2022
Government, Business, Technology, Fuel, Autonomous

Musk Asks Judge to End SEC Oversight of His Tesla Tweets

Elon Musk Elon Musk says his tweets in 2018 were true about him considering taking Tesla private and that the funding had been secured. (Jeenah Moon/Bloomberg News)

Tesla Inc. Chief Executive Officer Elon Musk asked a judge to end the U.S. Securities and Exchange Commission’s oversight of his Twitter posts under a 2018 agreement because he claims it is being used to “trample” his free speech rights.

Bob Van Voris | Bloomberg News
March 8, 2022
Government, Business, Technology, Autonomous

Automated Truck Developers Discuss Path to Commercialization

Jamie Hoffacker Jamie Hoffacker by John Sommers II for Transport Topics

ORLANDO, Fla. — Several developers of automated driving technologies for heavy-duty trucks provided an update on their on-road testing and commercialization plans at the Technology & Maintenance Council 2022 Annual Meeting & Transportation Technology Exhibition.

Seth Clevenger | Managing Editor, Features
March 7, 2022
Business, Technology, Autonomous

Mobileye Files for IPO

Mobileye exhibit An autonomous bus on the Mobileye stand during the IAA Munich Motor Show in Munich, Germany, on Sept. 7, 2021. (Krisztian Bocsi/Bloomberg)

Intel Corp. said its Mobileye self-driving car business has filed confidentially for an initial public offering.

Molly Schuetz | Bloomberg News
March 7, 2022