Industry

Musk oversaw video exaggerating Tesla’s self-driving capabilities

Elon Musk oversaw the creation of a 2016 video that exaggerated the abilities of Tesla Inc.’s driver-assistance system Autopilot, even dictating the opening text that claimed the company’s car drove itself, according to internal emails viewed by Bloomberg. Musk wrote to Tesla’s Autopilot team after 2 a.m. California time in October 2016 to emphasize the […]

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Forum Mobility and CBRE Investment Management create $400M JV to electrify trucking at California ports

Electric truck and charging station company Forum Mobility is teaming up with CBRE Investment Management on a $400 million joint venture. The partnership between Forum and CBRE’s investment arm to electrify the infrastructure of California’s coastal port communities and small independent truck operators is the latest deal involving a major real estate player and an

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DOE awards $42 million in grants for R&D of more affordable, efficient EV batteries

The U.S. Department of Energy awarded $42 million in funding for 12 R&D projects aiming to develop advanced electric vehicle batteries. The funding will strengthen the domestic supply chain for EV batteries, the DOE said in a statement Wednesday. The projects selected are part of the DOE’s Advanced Research Projects Agency-Energy Electric Vehicles for American

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NHTSA study: traffic crashes cost U.S. society $340 billion in 2019

WASHINGTON – U.S. auto safety regulators said Tuesday in a landmark report that motor vehicle crashes, which are rising fast, cost American society $340 billion in 2019. In a comprehensive economic impact study, the National Highway Traffic Safety Administration examined the costs of a single year of crashes that killed around 36,500 people, injured 4.5

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Number of U.S. charging stations must quadruple through 2025, firm says

The number of electric vehicle charging stations in the U.S. must quadruple through 2025 to meet EV sales demand, according to S&P Global Mobility. Many EV owners power their vehicles through at-home chargers, but a robust public charging network will be necessary as automakers transition to selling mostly EVs in the U.S. EVs make up

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Sensor companies look to stand out at CES 2023

LAS VEGAS — As sensor technology underpins the auto industry’s push to produce more self-driving vehicles in the coming years, innovation will become a key differentiator among the many players. While the industry faces hurdles, including global economic headwinds, rising borrowing rates, mergers, bankruptcies and shutdowns, it remains one of the main features at the

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