Tuesday, 25 February 2025

Focus on Automotive

A robotaxi Verne is displayed during the presentation in Zagreb, Croatia, June 26, 2024. REUTERS/Antonio Bronic
AutomotiveElectric Vehicles (EVs)NewsPublic TransitTransport

Croatian startup readies self-driving robotaxi Verne for Zagreb launch

Autonomous vehicle startup P3, set up by the founder of Croatian EV maker Rimac Group, presented on Wednesday its self-driving robotaxi

FILE PHOTO: View of a detail of the R3X SUV unveiled by electric truck maker Rivian during an event in Laguna Beach, California, U.S. March 7, 2024. REUTERS/Mike Blake/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

What’s behind Volkswagen’s $5 billion EV software bet on Rivian?

Volkswagen, Europe's biggest carmaker, plans to spend as much as $5 billion on an EV software partnership with U.S.-based Rivian

FILE PHOTO: The Rivian name and logo are shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. REUTERS/Mike Blake/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Rivian jumps as $5 billion Volkswagen investment signals ‘vote of confidence’

Rivian Automotive surged 36% premarket on Wednesday after a $5 billion investment from Volkswagen bolstered the loss-making startup

FILE PHOTO: A technician works on the final inspection of an electric Volkswagen ID. 4 car model at the production plant of the Volkswagen Group in Zwickau, Germany, April 26, 2022. REUTERS/Matthias Rietschel/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Volkswagen stock slips on cost, implications of Rivian JV; Rivian soars

VW shares fell on Wednesday as investors worried about the cost and uncertainties of a joint venture with U.S. EV maker Rivian

FILE PHOTO: A woman smiles in the back seat of a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit,  in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo
AutomotiveElectric Vehicles (EVs)News

GM self-driving unit Cruise names new CEO as it seeks turnaround

Former xBox founding engineer Marc Whitten will take over as CEO on July 16, General Motors robotaxi unit Cruise announced Tuesday.

FILE PHOTO: A Volkswagen logo is seen on a Volkswagen ID.5 electric car on display at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS/Stephane Mahe/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Volkswagen’s $5 billion investment in Rivian boosts EV maker’s shares

The partnership will help Volkswagen accelerate its plans to develop software-defined vehicles (SDV).

FILE PHOTO: Front quarter panel sensors are seen on Jaguar I-Pace electric vehicles at Waymo's operations center in the Bayview district of San Francisco, California, U.S. October 19, 2021. Picture taken October 19, 2021.  REUTERS/Peter DaSilva/File Photo
AutomotiveElectric Vehicles (EVs)IndustryNewsTransport

Waymo’s autonomous ride-hailing service now available to all in San Francisco

Waymo had started a test service in San Francisco in 2021. Now with open access, anyone in the city can request a ride...

FILE PHOTO: Visitors walk past a BYD logo at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNews

Berkshire Hathaway accelerates sales of China’s BYD

BEIJING/NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway has accelerated its selling of shares in BYD, China’s largest seller of electric vehicles. Berkshire...

FILE PHOTO: 2014 Ford F-150 pick-up trucks are seen inside the plant at the Ford Motor Dearborn Truck Plant in Dearborn, Michigan September 16, 2013. REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Ford recalls 668,000 2014 F-150 pickup trucks over transmission issue

The vehicle has been found to unexpectedly downshift into first gear in some instances.

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