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Amazon has agreed to buy California-based self-driving startup Zoox in a deal reported to be worth more than $1 billion that gives it options to use autonomous technology in either ride-hailing or its delivery network. The world’s largest online retailer has stepped up its investment in the car sector, participating in self-driving car startup Aurora …
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The National Highway Traffic Safety Administration said it had opened an investigation into 63,000 Tesla Model S cars after reports of media-control unit failures that led to the loss of the use of touchscreens. The auto safety agency said the preliminary evaluation, covering 2012-2015 model year vehicles, comes after it received 11 complaints alleging premature …
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Electric vehicle maker Tesla wants to start building a large vehicle assembly plant in the southwestern US as early as the third quarter of this year, the company told Texas officials in documents made public this week. But the company is still pitting Texas and Oklahoma against each other in an effort to secure tax …
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Read More: Lyft to cut nearly 1,000 jobs due to coronavirus outbreak California sues Uber, Lyft for classifying drivers as contractors Uber’s Middle East business cuts 31 percent of workforce Uber spent $19 million to aid drivers struggling amid coronavirus
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General Motors is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment that includes customers such as Amazon and UPS, five people familiar with the plans told Reuters. That multibillion-dollar strategy could enable GM, Ford and at least two EV startups to build and …
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The billionaire founder of electric-car startup Faraday Future — who boldly challenged Tesla with a far-out car design in 2015, only to file for personal bankruptcy last fall — said Friday his Chapter 11 restructuring plan has won court approval. The nod from a federal bankruptcy judge is a win for Faraday Future’s ex-chief executive …
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Worldwide car registrations are set to fall this year as the coronavirus pummels the automotive sector, but gas guzzlers will find themselves taking a bigger hit than electric cars, according to a report. Registrations of combustion-engine cars will drop 23 percent in 2020, while electric car registrations will dip by 18 percent, according to analysts …
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Shares of Tesla surged 13 percent on Tuesday after Credit Suisse upgraded its rating on the electric-car maker and as Wall Street rallied on optimism the coronavirus outbreak was reaching a plateau. The stock has jumped nearly 30 percent in the past two days as investors look beyond disruptions caused by the pandemic, which has …
Amazon has agreed to buy California-based self-driving startup Zoox in a deal reported to be worth more than $1 billion that gives it options to use autonomous technology in either ride-hailing or its delivery network. The world’s largest online retailer has stepped up its investment in the car sector, participating in self-driving car startup Aurora …
