Electric scooters have returned to the Rose City for a second go around. The Portland Bureau of Transportation has issued permits to Bolt, Lime and Spin. Only Lime (the green one) was in Portland for the four-month pilot last summer. Scooters hit the streets last Friday afternoon. All submitting companies had to jump through […]
Daimler (Mercedes-Benz) will discontinue sales of its full-electric Smart brand in the U.S. and Canada. The move was blamed a “declining micro-car market” in the U.S. and Canada, along with manufacturing costs. Canadian sales of Smart vehicles fell 6.3% to just 345 units in 2018. U.S. Smart sales plunged 58% in 2018 to 1,276 cars. […]
Ford’s new chief financial officer is an Amazon finance veteran who led the Whole Foods acquisition. Tim Stone, 52, starts with Ford on April 15, just in time for the shareholder annual meeting on May 9. Stone, who worked at Amazon from 1998-2018, left as vice president of finance. Previously, he was CFO of Amazon […]
General Motors announced plans to invest $1.8 billion and add 400 new jobs at manufacturing operations in six states, including $300 million and 400 new jobs at its Orion Assembly plant in suburban Detroit to produce a new full-electric Chevrolet vehicle. The investment, announced Friday by GM CEO Mary Barra at the Orion plant, […]
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 […]
After exiting the U.S. market in 1991, PSA Group is coming back with the It’s core brand- Peugeot. The French auto conglomerate will reintroduce Peugeot vehicles as part of a 10-year plan to sell cars again in North America, CEO Carlos Tavares said in Paris on Tuesday. They will originally be sourced from Europe […]
Volkswagen Group is preparing to invest up to $1.7 billion in a self-driving joint venture centered on Ford Motor’s Argo AI unit, The Wall Street Journal reported Tuesday, citing sources with knowledge of the discussions. VW is preparing to invest $600 million as an equity investment in Argo, the newspaper said, with each company owning […]
The United Auto Workers union sued General Motors on Tuesday, claiming the company’s plan to shutter three auto plants violates the union’s labor contract. The lawsuit, filed in the Northern District of Ohio, asks the court to order GM to reverse its decision to close plants in Baltimore; Lordstown, Ohio; and Warren, Michigan. It also […]
As part of its 2020 model year refresh, GMC’s midsize Acadia crossover gains three engine options and three additional gears for its automatic transmission. It also gains an AT4 variant — the brawny-lux GMC sub-brand introduced on the 2019 GMC Sierra pickup, though a modest suspension lift isn’t a part of this AT4’s package. While […]
Nuro is one of the very few companies being allowed to operating fully driverless vehicles on public roads today and they have just gotten and they have just hiit the big time. Nuro has is getting a big boost from SoftBank. The Japanese firm’s Vision Fund just put $940 million into driverless delivery vehicle startup. […]
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