Industry

Phantom AI, a startup focused on creating a software-based platform for automated vehicles, has secured $36.5 million for its series C funding round, the company said Wednesday. The fresh funding will help accelerate development of its vehicle-agnostic and customizable platform. With this new round, Phantom AI has raised $80.2 million since its 2017 founding by

LAS VEGAS—Daimler Truck North America unveiled its SuperTruck II Wednesday, showing off an efficient diesel big rig intended to demonstrate fuel-saving technologies that can be deployed as the trucking industry pivots to zero-emission vehicles. The sleek cab, painted in a pixelated rainbow livery to evoke a sense of effortless motion, is more of a proof-of-concept

LAS VEGAS — Electric truck builders are sounding the alarm on the lack of charging infrastructure and the time it takes to build as the freight and logistics industry transitions to zero-emission transport. Daimler Truck North America CEO John O’Leary told Automotive News his company has both the manufacturing capacity and customer interest to sell

Self-driving technology firm Aurora Innovation Inc. appointed Ossa Fisher as its first president. The move comes as part of the company’s efforts to prepare for a commercial launch of autonomous trucks. Fisher joins Aurora from Istation, an education-technology company based in Dallas. She oversaw engineering, product, sales and marketing divisions in her role as Istation’s

TOKYO – Toyota Motor Corp. has come under fire for what critics call foot-dragging on pure electric vehicles. Now the world’s biggest automaker is fighting back with its most robust retort. Its message to those who say EVs are the only way forward in the global battle to cap carbon dioxide emissions: Science says you’re

General Motors‘ defense arm and American Rheinmetall Vehicles said on Monday that they have won a contract for the first phase of the U.S. Army’s Common Tactical Truck Program. The multi-phased program aims to replace the army’s family of heavy tactical trucks with the production of up to 40,000 trucks valued at up to $14

LAS VEGAS — YJ Ahn has long played linchpin roles in designing transformational technology products. She started out working on smart televisions and home theaters at LG Electronics, then joined Motorola to speed its transition from flip phones to smart ones. Both experiences served as precursor to her most ambitious challenge — head of design

Automotive stalwarts such as BMW, Porsche and German supplier Robert Bosch are betting that e-bicycles will become a lucrative business as consumers look for newer, cheaper and eco-friendly ways to get around. McKinsey & Co. projects that the micromobility market will grow by 9 percent annually to reach a cumulative $260 billion by 2025. Bikes,

Nikola Corp. unveiled HYLA, its new global hydrogen energy brand that will serve as an umbrella for the zero-emission truck company’s production and distribution of hydrogen. Speaking at a company event Wednesday, CEO Michael Lohscheller also presented the final production version of the Nikola Tre fuel-cell electric vehicle, which will hit the market this year.

Mobileye Global Inc. forecast fiscal 2023 revenue higher than analysts’ projections and delivered better-than-expected earnings in the fourth quarter. The company is benefiting from the automotive industry increasingly adopting sophisticated camera systems and sensors that assist in safe driving. Earlier this month, founder and Chief Executive Officer Amnon Shashua said Mobileye has a revenue pipeline

Tesla Inc.’s electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon Musk says Tesla is making design and software changes to its vehicles to lower repair costs and insurance premiums. Insurance carriers, meanwhile, are writing off low-mileage Tesla

General Motors Co. and Ford Motor Co. are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and crossovers. Now, the Detroit rivals must convince investors that last year’s profit formula can keep working when costs for EV batteries are rising, high interest rates are cutting consumer purchasing power, and

Vehicle pre-ordering has emerged as a more satisfying option for consumers as they increasingly embraced online auto shopping in 2022. At the same time, car buyers were increasingly dissatisfied with their overall experience as they dealt with limited inventory and pandemic-driven supply shortages, two new industry studies have shown. Pre-ordered vehicles encompassed 1 in 5

The cost to drive an internal combustion engine vehicle 100 miles in the U.S. fell below the cost to charge a comparable electric vehicle for the first time in 18 months, a new report from a Michigan think tank says. An analysis of late-2022 fueling costs by the Anderson Economic Group says midpriced ICE drivers

Lynkwell, an electric vehicle charging platform company that helps businesses and government entities create their own branded charging networks, raised $30 million in a new funding round. Lynkwell will use the funds to build out its EV charging infrastructure across North America, integrate technology from service partners into its charging networks. It will invest in

Add vehicle owners to the growing list of potential cybersecurity threats against automakers in 2023. Early adopters of new digitized offerings from automakers will find ways to bypass premium features by manipulating their vehicles’ systems fraudulently, according to executives from Israeli cybersecurity firm Upstream. Speaking at a cybersecurity webinar Tuesday, the Upstream team said consumers

Volta Inc. said on Wednesday that a Shell Plc subsidiary would take over the electric vehicle charging network operator in an all-cash deal valued at about $169 million. Shell USA Inc will acquire all outstanding shares of Class A common stock of Volta for 86 cents apiece in cash in a deal that is expected

Self-driving technology developer Outrider has raised $73 million in a new funding round. Outrider, which makes an autonomous system designed for truck yard operations, plans to use the funds from the series C round to add to its suite of autonomous and safety technology products. It will hire more workers domestically and abroad. The funding