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Apple boosts its 'Project Titan' electric car plan by hiring the cofounder of EV startup Canoo, who also spent 30 years at BMW

Apple CEO Tim Cook. Roy Rochlin / WireImage Apple hired a former BMW exec and Canoo cofounder to work on its electric car project, Bloomberg first reported. Ulrich Kranz spent 30 years at BMW before setting up startup Canoo, which he became CEO of in 2019. Apple is reportedly building a self-driving electric car, but has made no public announcements. See more stories on Insider's business page. Apple has hired Ulrich Kranz, a former BMW executive and cofounder of autonomous electric ve...
Tags: Apple, Google, Transportation, Electric Vehicle, Trends, Tesla, Bloomberg, Tim Cook, Xiaomi, Bmw, Nissan, Huawei, Electric Car, Faraday Future, Reuters, SPAC


Daily Crunch: Toptal sues rival Andela for allegedly making ‘a perfect clone’ of its freelancer marketplace

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for June 11, 2021. As a small note I am off next week, so my dear friend and TechCrunch lifer Henry Pickavet will be taking over. He’s more fun and a better writer than I am, so consider him a temporary upgrade. See you in a week or so! — Alex p.s. Cheap tickets to TC Early Stage 2021: Marketing & Fundraising are nearly gone. Flagg...
Tags: Apple, Google, TC, London, Tech, Eu, Atlantic, Volkswagen, Alan, Alex, Temasek, Didi, Newsletters, Andela, Dan Preston, Ulrich Kranz


Apple confirms hiring of Ulrich Kranz, former CEO of EV company Canoo

Apple has hired the former co-founder and CEO of electric vehicle company Canoo to help with the development of the Apple Car, Bloomberg first reported, citing unnamed sources. Apple has confirmed to TechCrunch it has hired Kranz, but did not provide further details into his job responsibilities or title. Kranz resigned his position at Canoo in April after steering the company toward public listing and a new leadership team, and he is reported to have been scooped up by Apple with...
Tags: Apple, Transportation, Tech, Tesla, Automotive, Electric Vehicles, Tim Cook, Bmw, Reuters, Apple Car, BMW AG, Personnel, Kranz, Ulrich Kranz, Doug Field, Canoo


Apple Hires Former BMW Executive for Its Rebooted Car Project

Apple has hired Ulrich Kranz, a former senior executive at BMW AG's electric car division, to help lead its own vehicle efforts. Bloomberg reports: The technology giant hired Kranz in recent weeks, about a month after he stepped down as chief executive officer of Canoo, a developer of self-driving electric vehicles. Before co-founding Canoo, Kranz was senior vice president of the group that developed the i3 and i8 cars at BMW, where he worked for 30 years. Kranz is one of Apple's most signific...
Tags: Apple, Los Angeles, Tech, Tesla, Bloomberg, Bmw, Faraday Future, BMW AG, Kranz, Ulrich Kranz, Doug Field, Canoo, Canoo Kranz


Apple Hires Self-Driving Car Startup Founder and Former BMW Exec Ulrich Kranz

Former BMW senior executive and self-driving vehicle startup founder Ulrich Kranz has taken on a role at Apple working on the company's autonomous car project, reports Bloomberg. Kranz founded Canoo, a self-driving car startup that he left earlier this year. Prior to creating Canoo, Kranz helped to develop the i3 and i8 vehicles at BMW, where he was employed for 30 years. According to Bloomberg, Kranz's hiring is a sign that Apple is determined to build a self-driving vehicle that will rival...
Tags: Apple, Bloomberg, Bmw, Hyundai, Kia, Apple Inc, Apple Car, John Giannandrea, Ulrich Kranz, Doug Fields, Canoo, Bloomberg Kranz, Canoo Kranz, Tesla Kranz


New meme stocks Clean Energy Fuels and ContextLogic rally as AMC fever fades

AP/Michael Dwyer New meme names Clean Energy Fuels and ContextLogic jumped as much as 45% and 28%, respectively. CarLotz and Workhorse also extended rallies from the prior session, alongside Clover Health. Wendy's, meanwhile, dropped after seeing big gains Tuesday. See more stories on Insider's business page. Reddit traders are driving rallies in a string of new meme stocks this week, including Clean Energy Fuels and ContextLogic, among others.Clean Energy Fuels, the Newport Bea...
Tags: Amc, Trends, Markets, Reddit, Blackberry, Gamestop, Clover Health, Chamath Palihapitiya, Wendy's, Wendy, Newport Beach California, Short Squeeze, AMC Entertainment, Clean Energy Fuels, Michael Dwyer, Workhorse


Wendy's and Clean Energy Fuels among new meme stocks on the rise as Redditors seek new targets

AP/Michael Dwyer Wendy's stock whipsawed Wednesday, looking to build on Tuesday gains as Reddit investors look to reap further gains, known as "tendies" in Wall Street Bets parlance. New meme names Clean Energy Fuels and ContextLogic jumped more than 30% early Wednesday. CarLotz and Canoo also extended rallies from the prior session, alongside Clover Health. See more stories on Insider's business page. Reddit traders are driving rallies in a string of new meme stocks this week, in...
Tags: Amc, Trends, Markets, Reddit, Blackberry, Gamestop, Clover Health, Chamath Palihapitiya, Wendy's, Wendy, Newport Beach California, Short Squeeze, AMC Entertainment, Clean Energy Fuels, CarLotz, Canoo


Retail traders drive rallies in small-time electric vehicle stocks after Tesla posts better-than-expected China sales

Elon Musk walks with former Shanghai Mayor Ying Yong in 2019. STR / AFP via Getty Images STR / AFP via Getty Images Electric-car maker Canoo and auto retailer CarLotz rallied more than 30% amid retail-trader hype. Electric-vehicle manufacturer Workhorse also jumped Tuesday amid a broader meme-stock rally. Tesla reported its May sales in China rose 29% from the month prior. Shares gained before pulling back later in the day. See more stories on Insider's business page. Social media ch...
Tags: Elon Musk, China, Amc, Trends, Markets, Tesla, Shanghai, Reddit, SEC, Electric, Nasdaq, Hyundai, Securities And Exchange Commission, Clover Health, Wendy, SPAC


Tesla Makes Cars in Texas but Has to Re-Import Them to Sell in the Lone Star State

The Texas legislature adjourned on May 31 without making any changes to the state’s auto dealer franchise laws—meaning that the only way for Tesla to sell electric cars made at its forthcoming factory in Austin will be to ship them out of state and re-import them.Read more...
Tags: Elon Musk, Texas, Science, Cars, Tesla, Austin, Nikola Tesla, Tesla Model S, Tesla Model 3, Lucid, Greg Abbott, Lone Star State, Motor Vehicles, Business Finance, Battery Electric Vehicles, Hatchbacks


The Station: London scooter winners and Ford’s most important EV

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. I want to point to two Extra Crunch articles before jumping into the rest of the news and analysis. Yes, Extra Crunch requires a subscription. We’re ramping up the transportation an...
Tags: Google, Amazon, Lyft, London, California, Washington, France, America, Los Angeles, Tech, General Motors, Canary Wharf, Bloomberg, Ars Technica, Chicago, Automotive


What has four wheels and loses money?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This is our Wednesday show, where we niche down to a single topic and go deep. This time Natasha and Alex corralled TechCrunch transportation editor Kirsten Korosec to talk to us about the endless parade of EV SPACs, and more. Before we get into the show notes, you can follow Equity on Twitter here. About to join the Equity podcast crew … what should I do to pre...
Tags: Apple, Fundings & Exits, Startups, TC, Tech, Bird, Equity, Alex, Ev, SPAC, Natasha, Kirsten, Nikola, Waymo, Equity podcast, Kirsten Korosec


Lordstown Motors extends 2-day rally to 49% as electric-vehicle startups see renewed interest

or now The Endurance. Lordstown Motors Lordstown Motors extended its two-day rally to 49% on Tuesday after it announced a factory tour week for interested investors.The electric vehicle startup has led a group of electric-vehicle stocks higher since Monday as the sector sees renewed interest from investors.But despite the rally, shares of Lordstown Motors are still down 69% from their mid-February high.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Lord...
Tags: Elon Musk, Trends, Markets, Tesla, Electric Vehicles, Trading, Ohio, Stock Market, Hyundai, Securities And Exchange Commission, Movers, SPAC, Matthew Fox, Canoo, Lordstown Motors, EV stocks


Canoo is being investigated by the SEC

Canoo, the Los Angeles-based electric vehicle startup that debuted on the Nasdaq public exchange earlier this year, is being investigated by the U.S. Securities and Exchange Commission, just months after its merger with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation is broad, covering the Hennessy’s initial public offering and merger with Canoo, the company’s operations, business model, revenues, revenue strategy, customer agreements, earnings and other ...
Tags: TC, Los Angeles, Tech, Automotive, Electric Vehicles, SEC, Hyundai, Faraday Future, U.S. Securities and Exchange Commission, Krause, Hennessy, Kranz, Hennessy Capital Acquisition Corp, Stefan Krause, Ulrich Kranz, Evelozcity


Canoo’s electric microbus will start under $35,000 when it comes to market next year

Los Angeles-based electric vehicle startup Canoo is bringing its first vehicle to market next year. The company said Monday its electric microbus-slash-van will be available to buy in 2022 at a base price of $34,750 before tax incentives or add-ons. It’s now taking preorders in the United States for the “lifestyle” vehicle, as well as for its round-top pickup truck and multi-purpose delivery van. While Canoo did not release pricing for the other two vehicles, it did said that deliveries for the ...
Tags: TC, Transportation, Los Angeles, Tech, Automotive, United States, Ford, Electric Vehicles, Hyundai Motor Group, Kranz, Hennessy Capital Acquisition Corp, Electric Pickup Truck, Ulrich Kranz, Rivian, Tony Aquila, Canoo


Self-driving truck startup Plus is reportedly seeking to raise up to $600 million via a SPAC merger with Hennessy Capital Investment Corp V

Plus autonomous truck example. Plus Self-driving truck startup Plus is set to merge with the SPAC Hennessy Capital Investment Corp. V. Plus is hoping to raise up to $600 million in the deal which values the combined entity at over $3 billion. Plus was founded in 2016 by Stanford Ph.D. candidates and has raised $520 million over the last five years. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A self-driving truck startup called Plus is seeking to raise up to $6...
Tags: Amazon, Trends, Bloomberg, Hennessey, Blackrock, SPAC, Cummins, Cupertino California, Hennessy, Navistar, Stanford Ph D, Quanta Computer, Blue Bird Corp, Daniel J Hennessy, Canoo, Will Daniel


From Tesla's $250,000 supercar to Ford's electric F-150, these are the 18 coolest EVs set to hit the streets in the next 3 years

Canoo's pickup truck will hit the market as soon as 2023. Canoo Dozens upon dozens of electric cars are set to flood the market in coming years. New EVs are coming from startups like Lucid, Rivian, and Canoo, along with legacy OEMs like Ford. By 2023, everything from supercars to offroad pickups will have a battery-powered option. See more stories on Insider's business page. Gas-powered cars have ruled the roads for more than a century - but electric vehicles are about to have t...
Tags: Elon Musk, California, Germany, US, America, Trends, General Motors, Tesla, Vw, Porsche, Ford, Gm, Epa, Bmw, Volkswagen, Audi


New Canoo electric Pickup is a modular, accessory packed EV ready for vanlife adventure

While the merits of electric vehicles still whip up heated debates in the comment sections, one thing is for sure: modular EV platforms like Canoo’s mean there’s so much room for activities. With the entire drivetrain, powerpack, and suspension packed into a skateboard-like deck, the Canoo platform leaves a ton of room for all kinds […] The post New Canoo electric Pickup is a modular, accessory packed EV ready for vanlife adventure appeared first on Bikerumor.
Tags: Sport, Cycling, Vehicles, Canoo


Automotive Startup Canoo Debuts a Snub-Nosed Electric Pickup

An anonymous reader quotes a report from Car and Driver: Canoo, an electric automotive startup based in California, has expanded its lineup of forthcoming electric vehicles by revealing this snub-nosed pickup. The pickup, which sports a design similar to Canoo's passenger van, will offer more than 200 miles of range and as much as 600 horsepower and 550 pound-feet of torque with the dual-motor configuration; a rear motor configuration will also be offered. That power and range, and a full six-to...
Tags: California, Tech, Aquila, Tony Aquila, Canoo


Canoo unveils a cute electric pickup truck that’s ready for the outdoors

California-based startup Canoo's third electric vehicle is a 600-horsepower pickup truck with plenty of space for people and gear. It's due in 2023.
Tags: News, California, Cars, Trends, Electric Cars, Pickup Trucks, Electric pickup trucks, Canoo


Auto startup Canoo just entered the electric pickup race - here are the coolest features in trucks from Tesla, Rivian, and more

Canoo says its truck will hit the market in 2023, but preorders will open this year. Canoo Electric pickup trucks are set to flood the car market over the next couple of years. Startups and legacy carmakers promise to pack their trucks with innovative features. For example, Bollinger's B2 will have removable doors, and the GMC Hummer EV will drive diagonally. Visit Business Insider's homepage for more stories. Electric-vehicle startup Canoo on Wednesday unveiled an upcoming pickup...
Tags: Transportation, Elon Musk, Trends, Tesla, Features, Ford, Pickup Trucks, Musk, Reuters, Ford General Motors, Bollinger, Nikola, Tech Insider, Rivian, Canoo, Cybertruck


Canoo combines work and play in its new electric pickup truck

Los-Angeles based startup Canoo revealed its newest — and now third — electric vehicle, a pickup truck that does away with the sharp corners and huge engine housing of both comparable EV trucks and legacy diesel pickups and is aimed at both commercial customers and weekend warrior-minded consumers. The truck, which Canoo says is the most space efficient on the market, was leaked Wednesday evening in advance of an official reveal set for Thursday afternoon. The three Canoo vehicles all share...
Tags: TC, Transportation, Los Angeles, Tech, Tesla, Automotive, Hennessy Capital Acquisition Corp, Rivian, Tony Aquila, Canoo, Cybertruck, Lordstown Motors, Canoo Like Canoo, Fisker Inc Nikola Corp


EV startup Canoo unveils quirky pickup coming in 2023

Canoo is targeting its pickup at businesses and outdoorsy consumers. Canoo EV startup Canoo on Wednesday unveiled an electric pickup truck with loads of unique features. It has fold out work surfaces, a hidden exterior drawer, and a built-in bed extender. Canoo says deliveries will start in 2023 and the truck will be available to preorder this year. See more stories on Insider's business page. Yet another startup is entering the battery-powered pickup arena. And this latest entry ma...
Tags: Elon Musk, Trends, Tesla, Ford, Chevrolet, Bollinger, Canoo, Tim Levin, Tesla Cybertruck Electric


What to know about Rivian, the Amazon-backed EV startup that could be the next Tesla

Rivian has racked up billions in investment from investors like Ford and BlackRock. Rivian EV startup Rivian could go public this fall with a valuation of $50 billion, Bloomberg reported. The firm has been developing EVs since 2009 and may have what it takes to be the next Tesla.  It has developed a pickup, an SUV, and a delivery van, and counts Amazon as a partner and a backer.  Visit the Business section of Insider for more stories. Electric-vehicle startup Rivian may go public as soon a...
Tags: Amazon, Europe, Trends, Tesla, Bloomberg, Mit, Ford, Jeff Bezos, Mitsubishi, Blackrock, Southern California, Reuters, Mercedes Benz, Ford General Motors, Bollinger, Ford Bloomberg


EVgo to go public via SPAC in bid to power EV charging expansion

EVgo, the wholly owned subsidiary of LS Power that owns and operates public fast chargers for electric vehicles, has reached a deal to become a publicly traded company through a merger with special-purpose acquisition company Climate Change Crisis Real Impact I Acquisition Corporation. The combined company, which will be listed under the new ticker symbol “EVGO” will have a market valuation of $2.6 billion. LS Power and EVgo management, which today own 100% of the company will be rolling all of ...
Tags: Transportation, Lyft, Tech, Automotive, Electric Vehicles, Nissan, SPAC, Wawa, Zoi, Arrival, EVgo, LS Power, Albertsons Kroger, Lion Electric Company, Canoo, Pacific Investment Management Company LLC PIMCO


US stocks close mixed as traders await further economic stimulus

A sanitizing station is seen on the trading floor of the New York Stock Exchange. REUTERS/Brendan McDermid US stocks were mixed on Wednesday as investors await further stimulus support from the government. Affirm spiked as much as 110% on Wednesday after the loan provider's public-market debut.The company's shares started trading publicly at around 12:20 p.m. ET and quickly surged above its offering price of $49. Bitcoin climbed higher after plummeting from record highs earlier this week. T...
Tags: Apple, US, Trends, Markets, Bank Of America, House Of Representatives, Gm, Berkshire Hathaway, Warren Buffett, Federal Reserve, Jack Dorsey, Donald Trump, Nasdaq, Gold Price, S&P 500, Gamestop


Canoo soars 20% on report that Apple held talks last year with the EV startup on potential investment

Canoo MPDV. Canoo Canoo soared as much as 20% after it was revealed that the company held talks with Apple in 2020 about being acquired or receiving an investment from the iPhone maker, according to a report from The Verge.The potential deal with Apple ultimately fell apart and Canoo instead went public via a SPAC.Apple is reportedly accelerating the internal development of its own internal electric vehicle and could target a release in 2025.Sign up here our daily newsletter, 10 Things Befo...
Tags: Apple, South Korea, Trends, SEC, Hyundai, Reuters, Matthew Fox, Canoo, SPAC Canoo, SPAC Apple, Opening Bell Canoo


Apple Met With Electric Vehicle Startup Canoo in Early 2020, But Talks Fell Apart

Apple held talks with electric vehicle company Canoo in early 2020, according to a new report from The Verge. Apple and Canoo discussed several options from an investment to an acquisition as part of Apple's efforts to further its electric vehicle project. Canoo has developed a scalable, modular electric vehicle platform that drew Apple's interest. It is designed to support a range of vehicle applications for consumers and businesses, and as described by The Verge, it integrates more of the c...
Tags: Apple, Bloomberg, Hyundai, Apple Car, Kia Motors, Hyundai Motors, Hennessy Capital Acquisition Corp, Verge Apple, Canoo, Apple Met With Electric Vehicle Startup Canoo


EV startup Canoo unveiled 2 futuristic electric delivery vehicles to take on vans coming from Rivian, Ford, and Mercedes

Canoo MPDV. Canoo Electric-vehicle startup Canoo unveiled two delivery vans Thursday and announced that a third, larger version is in the works.  The futuristic-looking MPDV1 and MPDV2 will offer up to 500 cubic feet of cargo room and get an EPA-estimated range of up to 230 miles.  Canoo offers customizations like storage lockers and shelving, and said large customers can develop a fleet of custom vans.  Limited availability starts in 2022, with full-scale production beginning the followin...
Tags: Amazon, Transportation, News, Trends, Tesla, Features, Electric Vehicles, Auto Industry, Truck, Toyota, Epa, Mercedes, EVs, Delivery, Van, Ford Transit


Canoo targets last-mile delivery with its second electric vehicle

Canoo, the Los Angeles-based electric vehicle startup that will make its debut later this month on the Nasdaq as a publicly traded company, revealed Thursday an all-electric multi-purpose delivery vehicle.  The electric delivery vehicle, which includes a high roof height, storage lockers and a software as a service platform to manage fleets, is targeted at both small businesses and large last-mile delivery companies such as package delivery fleets, retailers, major corporations and logistic...
Tags: TC, Europe, Los Angeles, Tech, Hyundai, Kia, Faraday Future, Canada Mexico, Aquila, Stefan Krause, Ulrich Kranz, Tony Aquila, Canoo, Canoo Executive