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GM’s Cruise raises $1.15 billion at $19 billion valuation

(Reuters) — General Motors’ majority-owned Cruise self-driving division on Tuesday said T. Rowe Price and a group of existing investors put down $1.15 billion...

Uber, Google, IBM, and others join Urban Computing Foundation to create...

The Linux Foundation, the nonprofit technology consortium that supports Linux’s growth, standardization, and commercial adoption, today announced a new industry-wide effort to create a...

Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks...

Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million...

Online used car startup Shift adds another $40M, snags COO in...

Online used car startup Shift Technologies has tacked on another $40 million in equity funding, hired a new COO with Amazon and Enjoy roots...

Grab seeks another $2 billion for expansion across Southeast Asia

(Reuters) — Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, just weeks...

Toyota is giving automakers free access to nearly 24,000 hybrid car-related...

Toyota said Wednesday it will give royalty-free access to its nearly 24,000 patents related to electrification technology and systems through 2030 in a move...

The uncertain future of shared electric scooters

Cities all over the world have seen an influx of two-wheeled, electric kick scooters on the road over the last couple of years. Scooters...

Ford is bringing an electric Transit van to Europe by 2021

Ford plans to bring an electric Transit commercial van to the European market by 2021 as part of the automaker’s broader plan to electrify...

China’s grocery delivery battle heats up with Meituan’s entry

Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people...

Daimler acquires majority stake in Torc Robotics to accelerate autonomous truck...

Daimler is betting big on autonomous trucks, as the German automotive giant today announced that its trucking division is buying a majority stake in...