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Posts Tagged ‘automotive’

Trump orders GM to start ventilator production for COVID-19 amid contract dispute

President Donald Trump signed Friday a presidential directive ordering GM to produce ventilators and to prioritize federal contracts, just hours after the automaker announced plans to manufacture the critical medical equipment needed for patients suffering from COVID-19, the disease caused by the coronavirus. The order, made under the Defense Production Act, marks a sudden reversal ...

Volvo’s Polestar begins production of the all-electric Polestar 2 in China

Polestar has started production of its all-electric Polestar 2 vehicle at a plant in China amid the COVID-19 pandemic that has upended the automotive industry and triggered a wave of factory closures throughout the world. The start of Polestar 2 production is a milestone for Volvo Car Group’s standalone electric performance brand  — and not ...

GM and Ventec Life Systems partner to ramp up production of ventilators

GM said Friday that it is working with Ventec Life Systems to help increase production of respiratory care products such as ventilators that are needed by a growing number of hospitals as the COVID-19 pandemics spreads throughout the U.S. The partnership is part of StopTheSpread.org, a coordinated effort of private companies to respond to COVId-19, ...

Rivian shuts down all facilities over COVID-19 pandemic concerns

Rivian, the buzzy electric vehicle startup that is backed by Amazon and Ford, is shutting down all of its facilities due to the spread of COVID-19, the disease caused by coronavirus. Rivian employs more than 2,000 workers across several locations, including its headquarters in Plymouth, Mich., a factory in Normal, Ill. as well as operations ...

SpaceX and Tesla are ‘working on’ ventilators, Elon Musk says

Elon Musk tweeted Friday that Tesla and SpaceX employees are “working on ventilators” even though he doesn’t believe they will be needed. His confirmation on Twitter that both of the companies he leads are working on ventilators comes a day after New York City Mayor Bill de Blasio  made a direct plea to Musk to ...

GM, Ford and FCA shutter all North American factories over coronavirus fears

Detroit’s big three automakers are to shut down all factories due to fears over the coronavirus. Details are still in the works and will be announced shortly. Over the last few days, United Auto Workers has been pushing the automakers to shut down their factories over concerns of worker safety. UAW President Rory Gamble sent ...

Lyft ramps up self-driving program

A year ago, Lyft submitted a report to the California Department of Motor Vehicles that summed up its 2018 autonomous vehicle testing activity in a single, short paragraph. “Lyft Inc. did not operate any vehicles in autonomous mode on California public roads during the reporting period,” the letter read. “As such, Lyft Inc. has no ...

California’s self-driving car reports are public. Here’s what they don’t mean.

The California Department of Motor Vehicles released its annual cache of autonomous vehicle testing and disengagements data that, depending how one chooses to interpret the data, shows either stunning progress or stagnation. The data, which every company testing autonomous vehicles on public roads in California must submit, tells a winding and sometimes contradictory tale of ...

Tesla locks in stock surge with $2B offering at $767 per share

Tesla has priced its secondary common stock offering at $767, a 4.6% discount from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to raise more than $2 billion. Lead underwriters Goldman Sachs and Morgan Stanley have the option ...

Maniv Mobility General Partner Olaf Sakkers is coming to TC Sessions: Mobility

In case you haven’t heard, TC Sessions: Mobility is back for second year. This one-day event, which will be held May 14 in San Jose, promises to feature some of best and brightest engineers, policymakers, investors, entrepreneurs and innovators, all of whom are vying to be a part of this new age of transportation. Attendees ...