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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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,
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