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Ford will invest $850 million to add more production capacity for EVs

Ford plans to invest more than $850 million to add more production capacity at a second U.S. factory for its next-generation battery-electric vehicle program. The investment, which will be made through 2023, will focus on expanding Ford’s Flat Rock Assembly Plant in southeast Michigan. The plant investment also includes funding to build the next-generation Mustang and is part of a $900 million investment in Ford’s operations in southeastern Michigan. The announcement is tied to Ford’s larger and...
Tags: Transportation, Electric Vehicle, Mexico, Tech, Automotive, Ford Mustang, Ford, Silicon Valley, Michigan, Detroit, Mustang, Sand Hill Road, Ann Arbor, Corktown, Dearborn, Flat Rock Assembly Plant


Lyft's first Wall Street analyst to launch coverage of the stock gave it a buy rating. Here's why he says the company could be worth $25 billion (LYFT)

Lyft is racing towards an initial public offering (IPO) that could launch as soon as next week.  Ahead of the IPO, the company nabbed its first buy rating from a Wall Street analyst.  Tom White of D.A. Davidson gave the company a $75 price target, which translates to a valuation of more than $25 billion  — its highest target yet.  More than a on the Nasdaq stock exchange, Lyft has already nabbed its first buy rating from a Wall Street analyst. Tom White, an internet analyst at Montana-based...
Tags: Google, Amazon, Transportation, Lyft, Montana, Ipo, New York City, US, Trends, Alibaba, White, Davidson, Tom White, Santosh Rao, Manhattan Venture Partners, Nasdaq stock exchange Lyft


Attend TC Sessions: Mobility, a one-day event on the future of transportation

The way people and packages move from Point A to Point B is in the midst of a remarkable transformation driven by technological innovations in AI, robotics, electric battery development, digital platforms and manufacturing. A mobility revolution is in the making. And TechCrunch is here — and we’re not just along for the ride. We’re here to uncover new ideas and startups, root out vaporware and dig into the tech and people spurring this change. In short, we’re helping drive the conversation ar...
Tags: Amazon, Startups, Transportation, Technology, California, Articles, Events, Tesla, E-commerce, Artificial Intelligence, Automotive, Bird, San Jose, Mobility, Manufacturing, Nissan


TC Sessions: Mobility, a one-day session event on the future of transportation

The way people and packages move from Point A to Point B is in the midst of a remarkable transformation driven by technological innovations in AI, robotics, electric battery development, digital platforms and manufacturing. A mobility revolution is in the making. And TechCrunch is here — and we’re not just along for the ride. We’re here to uncover new ideas and startups, root out vaporware and dig into the tech and people spurring this change. In short, we’re helping drive the conversation ar...
Tags: Amazon, Transportation, Technology, California, Articles, Events, Tech, Tesla, E-commerce, Artificial Intelligence, Automotive, Bird, San Jose, Mobility, Manufacturing, Nissan


Uber Freight is expanding into Europe

Uber Freight, the newly spun out Uber business unit that helps truck drivers connect with shipping companies, is kicking off its global expansion plans. The company said Wednesday it is launching the app in Europe, starting with the Netherlands. Local carriers and drivers will be able to book and move their first loads with Uber Freight in the next few weeks, CEO Lior Ron wrote in a blog posted Wednesday. Uber Freight plans to expand to more European countries this year. The EU and U....
Tags: Transportation, Uber, Europe, Texas, China, San Francisco, Tech, Eu, European Union, Automotive, Airbnb, Carsharing, Ron, Andrew Smith, Lior Ron, Uber Freight


Cities are getting more serious about micromobility data

Gone are the days when cities and tech startups are constantly at odds with each other. Passport, a mobility management startup, has partnered with Charlotte, N.C., Detroit, MIch., and Omaha, Neb. to create a framework to apply parking principles, data analysis and more to the plethora of shared micromobility services. “For many cities, the only option has been to impose bans, fees or permit systems intended to cap the number of scooters allowed on their streets,” Passport CEO Bob Youakim to...
Tags: TC, Transportation, Tech, Scooters, Detroit, Passport, Lime, Charlotte, Omaha Neb, Dan Gallagher, Micromobility, Bob Youakim, Mark de la Vergne, Charlotte N C Detroit MIch, Youakim, Transportation Partnerships


Ford-owned Spin will bring electric scooters to 100 new cities and college campuses this year

Spin, the electric scooter startup that Ford bought earlier this year for around $100 million, is gearing up to launch in 100 cities by the end of the year. This is thanks to a new partnership with Zagster, that got its start with bike-share solutions for cities. “A solid operations infrastructure is the key to making a dockless mobility program work smoothly,”  Spin Chief Business Officer Ben Bear said in a statement. “As thousands of people take to the streets daily on shared two-wheeled veh...
Tags: TC, Transportation, San Francisco, Tech, Ford, Spin, Electric Scooters, Zagster, SF Municipal Transportation Agency, Lime Spin, Ben Bear, Austin Isla Vista Calif Oklahoma State, Troy University Spin, Long Beach Calif Spin


Yandex inks deal with Hyundai to build self-driving car tech for its Mobis OEM division

On the heels of becoming the latest investor in Ola, today Hyundai announced another key deal to further its ambitions in next-generation automotive services. Yandex, the Russian search giant that has been working on self-driving car technology, has inked a partnership with Hyundai to develop software and hardware for autonomous car systems. This is Yandex’s first partnership with a carmaker, and specifically, Yandex will be working with Hyundai Mobis, the car giant’s OEM parts and service di...
Tags: Google, TC, Transportation, China, Russia, India, Tech, Artificial Intelligence, Automotive, Toyota, Estonia, Las Vegas, Autonomous Cars, Baidu, Hyundai, Kia


SEC pushes court to hold Elon Musk in contempt over Tesla tweets

Tesla CEO Elon Musk is in blatant violation of a settlement agreement reached last year over securities fraud allegations, the U.S. Securities and Exchange Commission said in a biting response to the court that argued the billionaire entrepreneur be held in contempt. The response, which was filed late Monday, is the latest salvo in the agency’s fight with Musk that was sparked by the now infamous “funding secured” tweet. The SEC filed a complaint in federal district court in September alle...
Tags: Transportation, Elon Musk, Washington, Court, Tech, Tesla, Automotive, Shanghai, SEC, Epa, Model S, Musk, Model 3, U S Securities and Exchange Commission, Model Y, Dane Butswinkas


Toyota doubles down on Nvidia tech for self-driving cars

Toyota is deepening its relationship with Nvidia as the automaker, and its research arms in Japan and the U.S., ramps up its autonomous vehicle development program. Nvidia CEO Jensen Huang announced Monday during his keynote at the 2019 GPU Technology Conference that Toyota Research Institute-Advanced Development — the automaker’s Japan-based research arm — is using the chipmaker’s full end-to-end development and production to develop, train and validate its autonomous vehicle technology. The...
Tags: TC, Transportation, Japan, Technology, Business Model, Tech, Ceo, Companies, Artificial Intelligence, Automotive, United States, Nvidia, The Guardian, Automotive Industry, Toyota, Simulation


Lyft’s driver wage lawsuit in NYC continues

As Lyft gears up to list its stock on the NASDAQ, the transportation company is facing ongoing litigation regarding driver wages in New York City. Today, a judge denied Lyft’s motion for an injunction blocking the recent ruling that sets a minimum wage for drivers. Still, the judge said she’ll think it over and file a written ruling in the next 30 days. This comes shortly after a number of drivers protested Lyft’s lawsuit against the city of New York earlier this morning. “We are pleased the ...
Tags: Transportation, Lyft, New York, New York City, Tech, New York City Council, NYC Council, Independent Drivers Guild, Campbell Matthews, Tina Raveneau, NYC Taxi and Limousine Commission, Uber Lyft Via


Trump’s views about ‘crazy’ self-driving cars are at odds with his DOT

President Donald Trump is an automated-vehicle skeptic, a point of view that lies in stark contrast with agencies within his own administration, including the U.S. Department of Transportation . According to a recent scoop by Axios, Trump has privately said he thinks the autonomous-vehicle revolution is “crazy.” Trump’s point of view isn’t exactly surprising. His recent tweets about airplanes becoming too complex illustrates his Luddite leanings. Airplanes are becoming far too complex to fl...
Tags: TC, Transportation, Utah, Technology, California, Tech, General-motors, AV, Austin, Automotive, Electric Vehicles, Automation, Arizona, Transport, Nvidia, Toyota


Lyft sets $62-68 price range for its IPO to raise up to $2.1B, will trade as LYFT on Nasdaq

Ride-sharing startup Lyft, as expected, announced this morning that it is kicking off the roadshow for its IPO — setting the clock ticking for its IPO likely in around two weeks. Around that, it also filled in some more details. The stock will trade as “LYFT” on Nasdaq, and the IPO range is currently set for between $62 and $68 per share to sell  30,770,000 shares of Class A common stock, the company said, raising up to $2.1 billion at the higher end of that range, or $1.9 billion at the lower e...
Tags: TC, Transportation, Lyft, Finance, Ipo, Tech, Nasdaq, Logan Green, Ride-sharing, John Zimmer, KeyBanc Capital Markets Inc


Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up by reading the first edition here or check out , which offered the gamut of mobility news from Lyft and Bird to Waymo’s laser bears and cybersecurity. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. An...
Tags: Transportation, Lyft, Uber, Washington, Softbank, Israel, Los Angeles, San Francisco, Tech, Tesla, Bloomberg, E-commerce, AV, Artificial Intelligence, Austin, Automotive


Tesla Model Y orders are now open

Customers can already place an order for the Tesla Model Y, a mid-sized crossover SUV that won’t go into production until 2020. Tesla requires a $2,500 deposit to complete the order for the all-electric vehicle, according to information posted on its website. A disclaimer on the order form states that “production is expected to begin late next year.” Under that timeline, deliveries wouldn’t begin until late 2020 or possibly early 2021. There are other clues on the order page, including that t...
Tags: Transportation, Elon Musk, Cars, Los Angeles, Tech, Tesla, Ceo, Model, Automotive, Electric Vehicles, Hyperloop, Tesla Model 3, Model Y, The Boring Company, Tesla Design Studio


The Tesla Model Y is a 300-mile range Model 3 doppelganger coming in fall 2020

At first glance, it appeared that Tesla Model 3 had a doppelganger. After years of teasers and hints, Tesla CEO Elon Musk finally unveiled the Model Y, a mid-sized all-electric vehicle that will start at $39,000 and is slated to hit the marketplace in fall 2020. The Model Y bears a striking resemblance to Model 3. The vehicle, which will come in a standard, long range, dual-motor all-wheel and performance variants, is a bit larger,  allowing it to accommodate seven people. It also sits sli...
Tags: Transportation, Elon Musk, Tech, Tesla, Automotive, Electric Vehicles, Model S


MUJI X Sensible 4’s Self-Driving Bus premiered in Finland. We got a chance to sit in it!

It’s only natural that the world’s first fully autonomous self-driving bus would come out of Finland. Finland, believe it or not, is often considered to be the ‘Silicon Country’ that gave the world Nokia and pretty much set the very blueprint for mobile communications. Nokia was founded in Finland, and for over two grand decades before Apple launched the iPhone, Nokia was the standard to beat. In fact, there’s a high likelihood that your first phone was a Nokia (I know mine was). Post-2010 whe...
Tags: Travel, Apple, Transportation, Japan, Design, Technology, News, Microsoft, Nokia, Automotive, Finland, Popular, Editorial, Helsinki, Product Design, Muji


Tesla’s new accounting chief has SolarCity roots

Tesla has turned to two insiders to manage and oversee the company’s finances. The automaker officially tapped as its next chief financial officer Zachary Kirkhorn, a longtime employee who has been part of the automaker’s finance team for nine years, according to securities filings posted Thursday. The automaker also appointed Vaibhav Taneja, who led the integration of Tesla and SolarCity’s accounting teams, as its chief accounting officer. Taneja, who will report to Kirkhorn, will oversee...
Tags: Transportation, Elon Musk, Tech, Tesla, Automotive, Wheeler, Solarcity, Musk, Model 3, Jason Wheeler, Ahuja, Harvard Business School, Deepak Ahuja, Personnel, Taneja, Dave Morton


Bird lays off up to 5% of workforce

Electric scooter startup Bird has laid off between four to five percent of its workforce, . That comes out to about 40 people of its ~900-employee workforce. This comes shortly after Lyft laid off up to 50 employees in its bikes and scooters division. “As we establish local service centers and deeper roots in cities where we provide service, we have shifting geographic workforce needs,” a Bird spokesperson told TechCrunch. “We are expanding our employee bases in locations that match our grow...
Tags: Transportation, Lyft, Travis Vanderzanden, Layoffs, Tech, Bird, Electric Scooters, Santa Monica, Personnel, New Zealand Bird Platform


How to watch Elon Musk unveil the Tesla Model Y

Tesla is scheduled to reveal the Model Y — the next electric vehicle in electric automaker’s lineup — tonight at an event in Los Angeles after, not months, but years of teasers and hints from CEO Elon Musk . Tesla will live stream the Model Y unveiling event at 8 pm PT via its website. However, folks who want to watch the event should head over to the site (https://www.tesla.com/modely) prior to the 8 pm start time. There is a registration process. Once completed, a new page pops up with th...
Tags: Transportation, Elon Musk, China, Cars, Los Angeles, Tech, Tesla, Ceo, Automotive, United States, Electric Vehicles, Hyperloop, Musk, Tesla Model X, Elon Musk Tesla, The Boring Company


Uber reportedly raising $1B in deal that values self-driving car unit at up to $10B

Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes shortly after TechCrunch’s Mark Harris revealed the ridehailing firm was burning through $20 million a month on developing self-driving technologies, which means, acc...
Tags: Google, Startups, TC, Transportation, Lyft, Uber, Softbank, Funding, Economy, AV, United States, Transport, Venture Capital, Toyota, The Wall Street Journal, WSJ


Uber said to be raising $1B at a $10B valuation for its self-driving car unit

Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes shortly after TechCrunch’s Mark Harris revealed the ridehailing firm was burning through $20 million a month on developing self-driving technologies, which means, acc...
Tags: Google, TC, Transportation, Lyft, Uber, Softbank, Funding, Tech, Economy, AV, United States, Transport, Venture Capital, Toyota, The Wall Street Journal, WSJ


Ford is expanding its self-driving vehicle program to Austin

Ford is preparing to open an autonomous vehicle program in Austin as the automaker continues to ramp up testing ahead of launching a self-driving taxi and delivery service in 2021, according to sources familiar with the development. A new job listing for an autonomous vehicles “market specialist” based in Austin, validates the information. Austin is the fifth city to join the automaker’s testing program, which already includes Detroit, Miami, Pittsburgh and Washington D.C. Ford didn’t confir...
Tags: TC, Transportation, Tech, Austin, Automotive, United States, Ford, Detroit, Pittsburgh, Corktown, LLC, Ford Autonomous Vehicles LLC, Argo AI the company, Argo AI the Pittsburgh, Detroit Miami Pittsburgh, Washington D C Ford


Acko, a digital insurance provider in India, raises another $65M at a $300M valuation

Acko — a startup out of India that has taken on the country’s antiquated insurance industry with a digital-first product for drivers and others in transportation-related scenarios (for example, cancelled ticket insurance) — has raised more funding as it passes 20 million customers on its books. The company has closed a Series C of $65 million from a list of investors that includes not just the co-founder and former CEO of Flipkart, but also its arch-rival, Amazon — speaking to the opportunity in...
Tags: Amazon, TC, Transportation, Ecommerce, Asia, India, Insurance, Tech, Canada, Flipkart, Binny Bansal, Amazon Amazon, Varun, Bansal, Acko, Dua


Uber’s self-driving car unit was burning $20 million a month

Uber thought it would have 75,000 autonomous vehicles on the roads this year and be operating driverless taxi services in 13 cities by 2022, according to court documents unsealed last week. To reach those ambitious goals, the ride-sharing company, which hopes to go public later this year, was spending $20 million a month on developing self-driving technologies.  The figures, dating back to 2016, paint a picture of a company desperate to meet over-ambitious autonomy targets and one that is w...
Tags: Google, Transportation, Uber, Tech, Automotive, Autonomous Vehicles, Travis Kalanick, Anthony, Otto, Tempe Arizona, Waymo, Anthony Levandowski, Levandowski, Brian McClendon, Eric Meyhofer, John Bares


Flight-hailing startup Blackbird raises $10 million to replace driving with flying

The origin story of Blackbird, a startup that links travelers to planes and commercial pilots through an app, didn’t begin with air travel. It was prompted by car sickness. Blackbird CEO and founder Rudd Davis, who was getting his pilot’s license at the time, asked his flight instructor if he would fly his family to Tahoe because his son gets terribly sick every time they traveled by car. What Rudd discovered was an incredible experience that was far more affordable than he realized.  Davis la...
Tags: Google, TC, Transportation, Lyft, Pinterest, Air Travel, California, Ebay, Tech, Ceo, Davis, Airbnb, Blackbird, Vice President, Tahoe, Pilot


Toyota Among Investors Backing Airbiquity With $15M for Vehicle Tech

Airbiquity, a Seattle-based developer of connected vehicle systems powering navigation, entertainment, and other software in cars, has raised $15 million in new financing from three Japanese automotive corporations, the company announced Monday.The investors that participated in the equity funding round are Denso Corp., Toyota Motor Corp. (NYSE: TM), and Toyota Tsusho Corp, which supports Toyota Motor’s automobile business, including the integration of Internet-connected technologies and device...
Tags: Deals, Startups, Transportation, Cars, Trends, Tech, Vc, Automotive, United States, AT&T, Autos, Mobility, Toyota, Autonomous Vehicles, Self-driving Cars, Seattle


Boeing is moving to address potential issues in new 737s as Europe bans its plane

In the wake of the second fatal crash in six months involving Boeing 737 Max 8 airplanes, the European Aviation and Safety Administration is grounding the planes as Boeing said it was taking additional steps to address an issue that may have contributed to the crash. On Sunday, a Boeing 737 Max 8 plane operated by Ethiopian Airlines crashed just minutes after takeoff killing all 157 on board the flight. Last October, a Lion Air flight departing from Jakarta crashed in similar circumstances ki...
Tags: TC, Transportation, Europe, Utah, Indonesia, Australia, China, Singapore, Elizabeth Warren, Tech, Spokesperson, Eu, Bloomberg, European Union, Sensors, United States


Uber agrees to pay drivers $20 million to settle independent contractor lawsuit

At a time when the gig economy is under heavy scrutiny around its practices of classifying workers as 1099 independent contractors, IPO-bound Uber has officially settled a six-year-long case regarding this exact topic. Today, Uber agreed to pay $20 million to settle the class-action lawsuit, brought forth by Douglas O’Connor and Thomas Colopy way back in 2013. This comes after a judge rejected Uber’s offer to settle for $100 million back in 2016. The suit claimed Uber classified its drivers a...
Tags: Transportation, Uber, California, Massachusetts, Tech, Independent Contractors, U S District Court, O Connor, Today Uber, 1099, Douglas O Connor, Thomas Colopy, Northern District of California San Francisco View


Elon Musk’s lawyers argue he should not be held in contempt for tweet about Tesla’s production rate

Elon Musk’s legal team responded late Monday, just before a deadline, to the Securities and Exchange Commission’s request to hold him in contempt of court over a tweet he made about Tesla’s production rate. In the filing submitted to a federal court in Manhattan, Musk’s lawyers say the tweet, posted last month, did not violate the terms of an agreement Musk made with the SEC. “The Securities and Exchange Commission’s request that Musk be held in civil contempt for a single, immaterial twee...
Tags: Auto, TC, Transportation, Elon Musk, Legal, Tech, Tesla, SEC, Securities And Exchange Commission, Musk, Manhattan Musk



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