Industry

DETROIT — Ford Motor Co. CEO Jim Farley has reshaped the company’s internal operations to accelerate development of autonomous vehicles and foster new technology businesses. Farley formed Ford Next late last year and put it under the direction of Franck Louis-Victor, a hard-charging specialist in new businesses hired last June from Renault SA. The unit
0 Comments
SAN FRANCISCO — Toyota Motor Corp. and Aurora Innovation Inc., a U.S. developer of automated driving systems, have started testing autonomous ride-hailing fleet in Texas, with two safety operators and no passenger on board, Aurora said on Tuesday. Toyota’s Sienna minivans, retrofitted with Aurora’s self-driving system, will be tested on highways and suburban streets in
0 Comments
General Motors is acquiring SoftBank Vision Fund’s equity ownership stake in Cruise and plans to make an additional investment that will bring its share of the self-driving vehicle company to 80 percent. The automaker is acquiring SoftBank’s stake for $2.1 billion. The additional investment will be for $1.35 billion. Honda Motor Co. is also a
0 Comments
Lyft said on Wednesday riders in the United States, except those in New York City and Nevada, would have to pay an extra 55 cents for their commute as the ride-hailing company looks to cushion the impact of high gas prices on drivers. Companies hiring gig workers have started imposing these surcharges as drivers on
0 Comments
WASHINGTON — U.S. regulators on Thursday issued final rules eliminating the need for automated vehicle manufacturers to equip fully autonomous vehicles with manual driving controls to meet crash standards. Automakers and tech companies have faced significant hurdles to deploying automated driving system vehicles without human controls because of safety standards written decades ago that assume
0 Comments
DETROIT — Chevrolet’s electric Blazer crossover will become the brand’s first performance electric vehicle. Chevy teased the 2024 Blazer EV SS on Wednesday in a video that shows the Blazer charging before speeding down a road. The Blazer EV will debut this year and go on sale next spring, Chevy said. The Equinox EV and
0 Comments