Industry

Private equity investors and other funders put in at least $402 million in automotive-related startups in April, up 2 percent from the $394.1 million invested in March. The slight increase in deal activity may be a sign that investment in the automotive startup space is stabilizing. Investment in American automotive startups fell to $690.5 million

HIROSHIMA, Japan — Toyota is “investing like crazy” in new battery technologies for electrified vehicles but sees no dramatic breakthrough from today’s basic chemistry for at least another decade. The lithium ion composition used in contemporary EVs and hybrids will likely be the go-to for another 10 to 20 years, the Japanese carmaker’s top scientist

Sony Pictures Entertainment is partnering with Vietnamese EV startup VinFast to launch a new in-vehicle streaming service in the U.S. this summer, the companies said. Sony’s RIDEVU streaming service will be available to automakers and was developed specifically for integration into vehicle infotainment systems, the Sony business unit also known as SPE said in a

In a nondescript office park in San Jose, Calif., ChargePoint Holdings Inc. runs a torture lab of sorts. It’s here that the operator of the U.S.’s largest network of EV chargers subjects its products to extreme temperatures and rain, and puts them through simulated dust storms and earthquakes. Pulley systems tug on charging cords over

Stricter speed limits might be pushing electric scooter travelers onto the sidewalks, a new study from the Insurance Institute for Highway Safety suggests. The nonprofit research organization compared scooter use in Austin, Texas, where the speed limit for scooter travel is 20 mph, and Washington D.C., where it is 10 mph. Where bike lanes are

Tesla Inc. CEO Elon Musk said he has no immediate plans to leave the top post since he wants to oversee the development of artificial intelligence software that will enable lucrative future products, such as autonomous vehicles and humanoid robots. At the automaker’s annual shareholders meeting Tuesday, an investor asked Musk about recent rumors that

As automakers ramp up electric vehicle production and scramble to secure their battery supply chains, they are meddling less in the business of traditional parts suppliers, according to an industry expert and executive. That’s because the automakers are faced with the once-in-a-century challenge of reinventing their companies, a capital-intensive task that leaves fewer resources for

Many of us working in the connected car space are searching for explanations for the slow consumer adoption of telematics-enabled, usage-based insurance, or UBI, programs, especially as more new vehicles are embedded with connectivity, which helps power personalized insurance policies and can benefit customers. Although insurers have widely embraced data, including driving and vehicle data

Bosch is reorganizing its Mobility Solutions business sector, giving it more autonomy within the huge supplier’s corporate structure, and forecasting a surge in revenue to $88 billion by the end of this decade. The change reflects the auto industry’s global shift away from the parts and hardware that make up vehicles powered by internal combustion

Austin Russell, a 28-year-old automotive technology billionaire, acquired an 82 percent stake in Forbes Global Media Holdings, parent of the well-known Forbes business magazine. The deal values the company at close to $800 million, the parties said in a statement Friday. The seller, Hong Kong-based Integrated Whale Media Investments will retain a minority stake. The

HANOI, May 12 (Reuters) – Vietnamese electric automaker VinFast VFS.O said on Friday it will list in the U.S. via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co. After the merger, the new entity will have an enterprise value of approximately $27 billion and an equity value of $23 billion, “assuming

Self-driving technology company Cruise is expanding its operations to more cities in Texas. The company, backed by General Motors, said Wednesday that it will begin “supervised testing” with a safety driver at the wheel next week in Houston, followed by Dallas at a future date. A Cruise spokesperson told Automotive News the initial deployments in

TOKYO — Toyota Motor Corp. plans to show concept versions of its highly anticipated next-generation electric vehicle at this autumn’s Japan Mobility Show, previewing a completely reinvented and innovative car that the world’s largest automaker hopes will catapult it to the head of the global EV race. CEO Koji Sato, in detailing the plans Wednesday, also

ANAHEIM, Calif. — U.S. car buyers love the edge cases. They buy seven-seat SUVs for a family of four. They get pickups in case they want to tow something. They purchase tricked-out Jeep Wranglers and Ford Broncos but never leave the pavement. Mujeeb Ijaz, CEO of Our Next Energy EV battery company in Novi, Mich.,

General Motors said Tuesday that it has hired Mike Abbott, who led cloud services at Apple Inc., to be its executive vice president of software. Abbott, 50, will begin in the newly created role May 22, reporting to CEO Mary Barra, GM said. He will lead a reorganized software team focused on information and digital

ANAHEIM, Calif. —The automotive and truck industries will soon learn much more about Tesla Inc.’s Semi — the Class 8 truck the electric vehicle company claims will upend the trucking industry with revolutionary performance. PepsiCo confirmed Wednesday it would enter at least one of the Tesla Semis it operates in the Run On Less trucking

Automotive technology supplier Aptiv on Thursday said net income doubled and revenues grew 15 percent in the first quarter as the company benefited from price hikes that offset ongoing supply and production constraints. The company said first-quarter net income doubled to $146 million while revenue grew to $4.8 billion. Suppliers across the board, hobbled by

As police and fire officials responded to a drug lab explosion in San Francisco, they had to contend with a driverless car that meandered into the middle of the scene. Body-cam footage from February shows an officer yelling at the Waymo vehicle and tossing a flare to keep it from driving over fire hoses. Several