Transportation

GM plans to build a military vehicle based on the Hummer EV

The Hummer H1 was based on a military truck, and now it appears GM is ready to return the favor: GM plans to build a military vehicle prototype based on the upcoming Hummer EV.

Elon Musk’s Tesla stock sale hits $5B mark

Elon Musk has sold about $5 billion worth of Tesla stock, according to a slew of regulatory filings that posted late Wednesday.  Initial filings showed Musk had sold 934,091 shares for about $1.1 bil

Foxconn buys Lordstown Motors’ Ohio factory for $230M, plans to help produce Endurance electric pickup

Electric light-duty truck manufacturer Lordstown Motors has officially sold its 6.2-million-square-foot Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturing company best known for

Ample raises $30M to take battery swapping business to Europe

Ample, a startup developing battery swapping technology for electric vehicles, has scored another $30 million from The Blackstone Group and Spanish multinational financial services company Banco Santa

Congress mandates anti-drunk driving technology for cars

Congress is making its biggest push ever to stop drunk driving with President Biden's huge infrastructure bill: One of the provisions included a mandate for anti-drunk driving technology in new cars.

The DOJ is suing Uber over claims its ‘wait time’ fee policy discriminates against people with disabilities

The Department of Justice is suing ride-hailing giant Uber over claims that the company discriminates against passengers with disabilities, in violation of the U.S. Americans with Disabilities Act. Th

Intel, Samsung and Porsche among investors in TriEye’s $74M funding round

Israeli startup TriEye has raised $74 million to commercialize a type of sensing technology that can be used to help autonomous and driver assistance systems to see better in adverse conditions. The t

Self-driving truck startup Kodiak Robotics raises $125M

Kodiak Robotics, one of the last privately held autonomous truck outfits in Silicon Valley, has raised $125 million in new capital, funding that will be used to double its workforce as it pursues a pa

Inspiration, an EV asset financing firm, comes out of stealth with $200M and Revel as first customer

Inspiration wants to help commercial fleets go electric, and it has already started by financing electric mobility company Revel’s ride-hail fleet of blue Teslas. The startup, which finances ele

Chinese EV startup Nio’s journey to the West

Nio, a Chinese electric vehicle startup listed on the NYSE, will be in at least six European markets by 2022. The firm shared its ambitions for Europe on its earnings call this week. Nio is already ta

Rivian raises $12B in one of the hottest IPOs of 2021

Electric automaker Rivian has priced its initial public offering at $78 a share, pushing it far above its targeted share price as investors dove in the year’s most highly anticipated IPO. Update

Workhorse reports $81M loss, plans to redesign C-1000 electric cargo van

Electric vehicle startup Workhorse Group is hemorrhaging money. During the company’s third-quarter earnings call, Workhorse reported an $81 million loss, blaming an increase in operating costs a

Motional and Lyft to launch driverless commercial robotaxi service in Las Vegas in 2023

Lyft and Motional, the Aptiv-Hyundai joint venture aimed at commercializing autonomous driving technology, have announced plans to launch their first fully driverless ride-hail service in Las Vegas in

Nvidia’s next-generation self-driving toolkit is available for 2024 vehicle models

Automakers, suppliers and startups aiming to roll out automated driving features, robotaxis and self-driving trucks are a little closer to accessing Nvidia’s newest compute and sensor toolkit. N

Rivian expands into fleet business beyond its ‘exclusive’ Amazon deal

Electric vehicle startup Rivian is expanding a fleet business that appeared to be exclusively tied to Amazon. The company, in which Amazon holds a 20% stake, will start taking orders for its electric

Point One Navigation raises $10M to bring its precise location tech to all vehicles

Drivers who spend any time commuting in a new car or truck have likely experienced ping ponging — a phenomenon when a vehicle equipped with an advanced driver assistance system has trouble centering

The looming tax bill behind Elon Musk’s stock sale Twitter poll

Tesla shares dipped by 4.5% on Monday morning after CEO Elon Musk asked his 62.8 million social media followers whether they supported him selling 10% of his company stock — despite the fact tha

India’s Zoomcar raises $92 million to expand its car rental marketplace to new markets

Zoomcar said on Monday that it has raised $92 million in a new financing round as it looks to expand its car-sharing marketplace to many new nations and explore the public markets next year. New York

Gatik’s self-driving trucks are now making driverless deliveries for Walmart in Arkansas

Autonomous vehicle startup Gatik has reached a new milestone in its partnership with Walmart and within the industry. Gatik said Monday it has pulled the safety operator from behind the wheel of two s

The Station: Nuro scoops up new investors, Rivian gets sued and ride-hailing inches toward profitability

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station
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