Kodiak Robotics truck in front of an IKEA store. Source: Kodiak Robotics Self-driving truck startup Kodiak Robotics said Tuesday that it won a two-year, $49.9 million contract from the U.S. Department of Defense to help develop automated combat vehicles for the U.S. Army. The company said the vehicles will be tailored for reconnaissance, surveillance and
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U.S. vehicle inventory continued to recover from historic lows, rising another 150,000 vehicles to 1.61 million, according to data from Cox Automotive and the Automotive News Research & Data Center. The increase mirrored the rise from the previous month and extended the run of slight inventory gains that began in June, when automakers and dealers
In this article GETR Follow your favorite stocksCREATE FREE ACCOUNT Paul Chinn | San Francisco Chronicle | Getty Images Carsharing company Getaround made its public market debut Friday through a merger with blank-check company InterPrivate II Acquisition Corp. The company saw its share value drop more than 65%, reflecting the chilly environment for both SPACs
A desire to attend his children’s activities during the workday led Zeigler Auto Group CEO Aaron Zeigler to extend the same courtesy to his employees. “I would kind of bounce out to [an event] and come back,” Zeigler told Automotive News. He concluded if he could do so and lead a company, the rest of
BEVERLY, Mass. — It’s a gray November morning, and we’re on board a long, yellow school bus. The bus bounces over this Boston suburb’s patched streets in a way that would be familiar to anyone who ever rode a bus to class. But the bus is quiet – and not just because there are no
DETROIT — Even as Ford Motor Co. faces litigation over its electric-vehicle certification program for dealers, roughly two-thirds of its U.S. retail network has bought in to the plans, and some are finding that costs could be lower than advertised. Ford CEO Jim Farley, speaking last week at the Automotive News Congress here, said 1,920
In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT 2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellantis said Friday that it plans to indefinitely idle a Jeep plant in Illinois, starting early next year, to cut costs as it invests in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the
Dec 8, 2022 Max Verstappen’s home Dutch Grand Prix at Zandvoort will stay on the Formula One calendar until 2025 after a contract extension was announced on Thursday. The sport returned to the seaside circuit in 2021 on an initial three year deal but Verstappen’s huge local popularity has made it a sell-out event. The
WASHINGTON — With Republicans gaining control of the House and Democrats securing a slim majority in the Senate, the shifted balance of power come January likely will mean no major overhauls of existing policy affecting the auto industry, but it could change command of deciding votes. In a Georgia runoff election Tuesday, Democratic Sen. Raphael
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Speaking in front of a backdrop of American-made vehicles and a United Auto Workers (UAW) sign, Democratic U.S. presidential nominee and former Vice President Joe Biden speaks about new proposals to protect U.S. jobs during a campaign stop in Warren, Michigan, U.S., September 9, 2020.
1:14 PM ET Associated Press IndyCar has landed its own “Drive to Survive”-type docudrama that will showcase the buildup to next year’s Indianapolis 500. The six-part “100 Days to Indy” will air on The CW Network next spring and chronicle the 100-day window ahead of “The Greatest Spectacle in Racing” on May 28 at Indianapolis
Ford solidified its spot as the No. 2 EV brand behind Tesla in the first 10 months of the year, according to new-vehicle registration data from Experian, while Korean brands suffered a drop in market share following a change in the federal tax incentive. Ford EV registrations totaled 44,219 through October for a 116 percent
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. STR | Nurphoto | Getty Images Elon Musk led a $44 billion acquisition of Twitter and appointed himself CEO
6:52 AM ET Austin’s U.S. Grand Prix will be one of six Formula One races held under the sprint weekend format in 2023. Austin, Baku, Spa and Qatar will all host their first sprint in 2023, with Austria and Brazil retaining the format for another season. In 2021 and 2022 F1 had three events which
WASHINGTON, Dec 6 (Reuters) – Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a plan that could help ease concerns over a climate bill approved in Congress. The $430 billion U.S. Inflation Reduction Act (IRA) passed in August
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT Shares of Carvana plummeted by more than 40% during trading Wednesday after the embattled online used car retailer’s largest creditors signed a deal binding them to act together in negotiations with the company. The pact, as first reported by Bloomberg, includes creditors such as Apollo
2:16 PM ET Formula E will race in Portland, Oregon in 2023 for the first time, the championship announced on Wednesday. The race, set for June 24, was approved at Wednesday’s FIA World Motor Sport Council meeting. The all-electric racing series has raced in the United States since season one in 2015 with races in
Self-driving truck developer Einride completed another funding round and secured a large asset-backed debt facility as it works to develop an autonomous and electric freight mobility ecosystem. The deals will provide Einride with up to $500 million in capital, the Stockholm, Sweden, company said Wednesday. In October, Einride completed a test of its autonomous pod