Industry

Electric Last Mile cushions fall of forced-out leaders as it slashes head count

While Electric Last Mile Solutions Inc. gives the ax to nearly a quarter of its headcount after the EV startup’s stock crash last month, it is padding the fall of its former top executives behind the turmoil. Chairman Jason Luo and CEO James Taylor were forced to resign their positions effective Feb. 1 after an

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Startup Pony.ai agrees to automated driving software recall

WASHINGTON — Startup technology firm Pony.ai agreed to issue a recall for some versions of its autonomous driving system software after an October crash in California, U.S. regulators said on Tuesday. The recall covers three vehicles that have been repaired, the company told the National Highway Traffic Safety Administration. The agency said on Tuesday this

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Russian autonomous-driving company Yandex SDG idles U.S. operations amid Ukraine invasion

Russian self-driving tech company Yandex has placed its operations in the U.S. on hiatus. The company said Friday it has paused testing of its robotaxi fleet in Ann Arbor, Mich., and is no longer making restaurant deliveries with its six-wheeled sidewalk Rover bots on college campuses across the country. “Our AV test fleet in Ann

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Ford says so long to scooter division Spin amid renewed focus on EVs

Ford Motor Co. unveiled a two-pronged future this week, with its gasoline-powered and electric businesses divided into two new business units. Do two-wheeled vehicles fit into that vision? Not so much. Amid the new structural developments announced this week, Ford quietly sold its electric bike and scooter division, Spin, to European micromobility operator Tier Mobility

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Geely’s Li Shufu in fundraising blitz to expand auto empire

Chinese billionaire Li Shufu is on a fundraising blitz as he pursues ambitious goals for his global automotive empire. Smart car technology company Ecarx Co., whose backers include Li and his Zhejiang Geely Holding Group Co., is considering seeking a U.S. listing via a merger with a blank-check company, according to people with knowledge of

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California issues permits to Cruise, Waymo for autonomous vehicle service

The California Public Utilities Commission (CPUC) on Monday issued permits to self-driving units of General Motors and Alphabet Inc.’s Waymo to allow for passenger service in autonomous vehicles with safety drivers present. CPUC said the GM unit Cruise and Alphabet’s Waymo are under Drivered Deployment permits authorized to collect fares from passengers and may offer

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