detroit

Used-car marketplace Vroom nabs $254M to take its growth up a gear

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the milea

Waymo expands self-driving services to include B2B car parts delivery trial

Self-driving vehicle technology company Waymo has expanded its business relationship with automotive retail company AutoNation, the companies announced today. The new extension builds on the existing

Who will own the future of transportation?

Autonomous vehicles are often painted as a utopian-like technology that will transform parking lots into parks and eliminate traffic fatalities — a number that reached 1.35 million globally in 2018.

Auto workers’ strike pushes GM losses past $1 billion

The workers strike against General Motors — now in its third week — has cost the automaker more than $1 billion during the third quarter, according to a research note from J.P. Morgan analyst Ryan

Orbion raises $9.2M to mass-produce plasma thrusters for small satellites

Michigan-based startup Orbion has secured $9.2 million in Series A funding, which it will use as it undertakes the mass-produced manufacturing of its plasma thrusters for use in small satellites. Orbi

How to go to market in middle America

There comes a time for many startup companies where they either realize they need to do a nationwide roll-out, or they need to actively target buyers in the middle of the country...

VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance

VW Group is investing $2.6 billion in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years ago with $1 billion in backing from Ford. Th

Techstars Detroit announces first class after major refocus

At the beginning of 2019, Techstars Mobility turned into Techstars Detroit. At the time of the announcement, Managing Director Ted Serbinski penned “the word mobility was becoming too limiting. We k

Where May Mobility’s self-driving shuttles might show up next

May Mobility might be operating low-speed self-driving shuttles in three U.S. cities, but its founders don’t view this as just another startup racing to deploy autonomous vehicle technology. The

Lifestyle goods resale marketplace StockX raises $110M, pushing valuation past $1B

Detroit-based StockX, which provides a way for people to resell luxury and lifestyle goods including streetwear, bags, watches and shoes, is now valued at over $1 billion based on its most recent rais

Why eVTOLs could be providing regional air service sooner than you think

At Uber’s Elevate summit in Washington, DC earlier this month, researchers, industry leaders and engineers gathered to celebrate the approaching advent of on-demand air service. For Dr. Anita Se

Argo AI is taking its new generation of self-driving vehicles into downtown Detroit

Argo AI, the Pittsburgh-based autonomous vehicle startup in which Ford invested $1 billion in 2017, has expanded its testing to downtown Detroit with a new third-generation self-driving car. Argo AI i

Delane Parnell’s plan to conquer amateur esports

Most of the buzz about esports focuses on high-profile professional teams and audiences watching live streams of those professionals. What gets ignored is the entire base of amateurs wanting to compet

Ford will slash 7,000 salaried jobs by August

Ford Motor is laying off 7,000 salaried employees as part of CEO Jim Hackett’s restructuring plan to reduce bureaucracy, cut costs and turn the automaker into a more agile company prepared for a

Waymo picks Detroit factory to build self-driving cars

Waymo, the self-driving vehicle technology startup under Alphabet, is setting up shop in a Detroit factory on American Axle & Manufacturing’s campus. Waymo said Tuesday it will partner with

Ford will invest $850 million to add more production capacity for EVs

Ford plans to invest more than $850 million to add more production capacity at a second U.S. factory for its next-generation battery-electric vehicle program. The investment, which will be made throug

Announcing TC Sessions: Mobility, a one-day event on the future of mobility and transportation

Mobility is changing and the world is changing with it. Technology is upending century-old establishments, creating new lifestyles and routines. Regions across the globe are trying to replicate Silico

VW investing $800M in Tennessee factory to make next-generation electric vehicles

Volkswagen will spend $800 million to expand a U.S. factory that will produce the automaker’s next generation of electric vehicles. The factory in Chattanooga, Tenn. will be the company’s Nort

Ford is making a hybrid Explorer SUV

Ford is adding a hybrid Explorer to the mix, the first time the popular SUV has been offered with any kind of electrification. The automaker unveiled Monday the Explorer hybrid, as well as a new Explo

Ford is shutting down its Chariot shuttle service

Ford is shutting down Chariot, the shuttle startup that it purchased just two years ago that was supposed to be a part of the automaker’s fresh effort to move beyond the traditional business of
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