The market for car sales has been on rocky ground in the last several years as consumers, facing tougher economic conditions, get presented with an ever-larger range of alternatives, from ride-hailing apps and multimodal alternatives through to new propositions for private car use. Today, a startup out of Spain called Revel is announcing €115 million […]
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The United Autoworkers Union (UAW) will go through with threats to strike against the Big Three automakers — Ford, General Motors and Stellantis — after both sides failed to reach a deal. This is the first time in history that all three automakers have been hit by strikes at once. The automakers and the UAW […]
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California state Assembly has voted in favor of a right to repair legislation that increases consumer ability to fix devices at home. After winding its way through state legislature, the bill is headed to Governor Gavin Newsom’s desk. Senate Bill 244 isn’t the first right to repair bill passed by a U.S. state – nor […]
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Seeing as how 700 is the largest number known to humankind, Bose has shifted into Ultra mode for its top of the line QuietComfort wireless headphones. The QuietComfort 700s were received (as high-end Bose headphones tend to be), but it’s been four years since they hit the market, making them roughly 250 in consumer electronics […]
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General Motors said Thursday it boosted its contract offer to a 20% wage hike for U.S. autoworkers, including 10% in the first year, in a move to avoid a strike that is scheduled to begin at 11:59 p.m. if no deal is agreed on. The strike by the United Auto Workers union, which represents about […]
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Rivian CEO RJ Scaringe provided more details Thursday on the company’s plans to update the hardware in its EVs next year — under a program internally called Peregrine — that he says will result in major cost savings. One of the biggest payoffs? Changing the electronic control unit (ECU) architecture inside its EVs, Scaringe emphasized […]
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OpenAI is set to open its first office in the European Union (EU) and make several strategic hires, as the company prepares for regulatory headwinds. The ChatGPT-maker says that it plans to open its third office, after San Francisco and London which it announced in June, in Ireland, which has emerged as almost a second […]
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Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 million pre-Series A round. The firm targets the Nigerian market, where 90% of the country’s more than 12 million registered cars (mainly used) require regular maintenance to avoid recurring breakdowns. Its primary business connects vehicle owners (individuals and […]
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Honor is a top five smartphone maker in its native China. Now the company is returning to India with the Honor 90, its first new device for the world’s second largest smartphone market in more than three years. The new handset is already available in global markets, including Malaysia, Europe, the Middle East and U.K. […]
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Europe has far too few VCs created by former founders, or “Operators” as the industry often likes to call them. Yes, Atomico has Niklas Zennström. Firstminute Capital has Brent Hoberman. More recently Plural was created by Taavet Hinrikus (ex-Wise), Sten Tamkivi (ex-Teleport) and Ian Hogarth (ex-Songkick). But that “operator-turned-VC” list quickly runs out across the […]
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From Tableau and Looker, to PowerBI and beyond, there are no shortage of business intelligence (BI) tools designed to help companies unlock insights from their vast swathes of data. But a newcomer has arrived on the scene with some fresh BI smarts in tow, aimed at more “technically-inclined” data teams. Founded out of Toronto, Canada, […]
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San Francisco has formally requested state regulators redo an August hearing that expanded robotaxi permits for Cruise and Waymo, giving both companies permission to widen commercial operations throughout the city 24/7. The contentious decision was met with much opposition as city agencies and residents questioned the far-reaching impact of the expansions. The permits provide no […]
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The European Commission is considering imposing punitive tariffs to protect European Union automakers against cheaper Chinese electric vehicle imports, which the agency says benefits from state subsidies. “Global markets are now flooded with cheaper electric cars,” said European Commission President Ursula von der Leyen during her annual address to the EU’s parliament. “And their price […]
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Every year for the past seven years, Generation Investment Management, the sustainability-focused public and private equity firm co-founded by former U.S. Vice President Al Gore, has published a sustainability trends report that aims to become as much a bible to the climate tech industry as Mary Meeker’s famous “internet trends” reports were to so-called dot.com […]
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