Industry

Walmart Inc.’s deal backing an electric-vehicle startup has some strings, including a provision preventing sales to rival Amazon. The retail giant’s agreement to purchase as many as 10,000 battery-powered vans from Canoo Inc. provides a lifeline for the fledging auto manufacturer, and Canoo shares surged more than 50 percent on the news Tuesday. The caveat

WASHINGTON — Regulatory uncertainty is delaying the widespread deployment in the U.S. of a technology that could improve road safety and provide environmental and efficiency benefits, according to the Alliance for Automotive Innovation. In a webinar Tuesday, John Bozzella, CEO of the alliance, said the private sector is “heavily investing” in vehicle-to-everything — or V2X

Self-driving tech startup May Mobility has added to its Series C investment round, and now raised funding totalling $111 million. The money will enable the company to add engineers and incorporate its system on a new vehicle platform. The fresh funds will underpin the company’s ongoing work with Toyota Motor Corp., which has been a

LAKEWOOD, Colo. — When they first came together during a college competition at the University of Wisconsin, three friends eschewed the school’s three decades of internal combustion racing history and instead formed its first electric racing team. Their inexperience was no hindrance. “We threw ourselves into the deep end,” said Max Liben. “It was, ‘All

A $60 million project that will feature garage condominiums along a 2.2-mile European-design driving circuit is getting underway in Michigan. The developer of an “automotive country club” called Motorsports Gateway Howell says 75 percent of the 92 garage condos are reserved and that it aims to have the track ready for members to drive on

Doug Newcomb has joined Automotive News as a mobility reporter covering technology and trends reshaping transportation. Newcomb, 60, has a wealth of experience in the connected-car and mobility realms. He is based in Hood River, Ore., and has been reporting on car technology since 1988. His work has appeared in Wired, Automobile and WardsAuto and

SALZGITTER, Germany — Volkswagen Group said it will invest more than 20 billion euros ($20.38 billion) in a battery cell business jointly with partners, creating 20,000 jobs and reaching annual sales exceeding 20 billion euros by 2030 as it seeks leadership in the growing market. The PowerCo unit will manage VW’s global battery production and

Volkswagen Group has added a slew of additional underwriters as it pushes ahead with the planned initial public offering of its Porsche sports car unit, people with knowledge of the matter said. BNP Paribas, Deutsche Bank and Morgan Stanley were selected as senior joint bookrunners, the people said. Barclays, Banco Santander, Societe Generale and UniCredit

Vietnamese automaker VinFast, which expects to launch two electric vehicles in the U.S. market this year, is partnering with Taiwanese battery startup ProLogium Technology on solid-state EV batteries for delivery as early as 2024, VinFast said in a statement. VinFast, through parent company Vingroup, is investing “tens of millions of U.S. dollars” in ProLogium to

A new center for electric vehicle teaching, training and development is in the works at the University of Michigan’s Ann Arbor campus. The Michigan Electric Vehicle Center is expected to be built in collaboration with the state and university, according to UM spokesman Rick Fitzgerald. “The creation of the Michigan Electric Vehicle Center will allow

By 2030, Stellantis expects to boast more than 25 electric vehicles across its U.S. portfolio. Ram will offer buyers the ability to haul loads with versatile electric pickups. Dodge will have performance enthusiasts burning rubber with zero-emission muscle cars. Jeep will have moved beyond its 4xe plug-in hybrid technology to full EVs still capable of

Software company WirelessCar is at the forefront of a global push to find new ways to use connected-vehicle data. Founded in 1999, the Swedish company provides connected services in more than 9 million vehicles in more than 100 countries. WirelessCar works with nearly a dozen automakers, with its most robust services featured in Volkswagen, Volvo

WASHINGTON — When President Joe Biden set a nonbinding target last August for half of all new vehicles sold in the U.S. to be zero emission by 2030, major automakers backed the goal with a caveat: They can’t do it alone. While automakers including Ford Motor Co., General Motors and Stellantis — whose executives stood

WASHINGTON — The new chief of the nation’s top auto safety regulator said the agency hasn’t been holding back as it works through a backlog of regulatory to-dos, sorts through first-of-its-kind crash data and steps up an investigation into Tesla Inc.’s Autopilot. “I think we’ve probably increased the scrutiny on all automakers since last year,”

DETROIT — Beset by increasing competition, Tesla Inc.’s electric vehicle market share is expected to plummet from a dominating 70 percent today to just 11 percent by 2025 as incumbents such as General Motors and Ford overtake it, according to the annual ‘Car Wars’ study. John Murphy, a senior auto analyst at Bank of America

LONDON – Last-mile transportation provider B-On, led by former BMW board member Stefan Krause, plans to build on its acquisition of electric delivery van maker StreetScooter Engineering. Krause told Automotive News Europe his next aims are to add an electric three-wheel van maker and to develop an “urban mobility” passenger vehicle. Krause, who was BMW’s

Tesla Inc. has laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, people familiar with the matter told Bloomberg. Surprisingly, the majority of those who were let go were hourly workers, said the people, who asked not to be identified discussing private information. As recently as last

Tesla Inc. is bringing back its “Enhanced Autopilot” driving-assistance package for $6,000, which will sit between standard Autopilot and the automaker’s $12,000 beta test software that it calls Full Self Driving, despite not having that capability. CEO Elon Musk confirmed the move on Twitter earlier this month in response to a request from Trevor Page,