Tesla Abandons $25,000 Car Plan, Focuses on Robotaxi
Tesla scraps plans for affordable $25,000 car, prioritizes robotaxi development, citing autonomy as key focus
Autonomous Vehicles
Waymo Raises $5.6B in Series C Funding for Autonomous Expansion
Waymo secures $5.6B in Series C funding led by Alphabet to expand robotaxi services and autonomous capabilities
BANF Revolutionizes Tire Health Monitoring for Autonomous Trucks
Korean startup BANF develops innovative tire health monitoring system for autonomous trucks, promising 90% accuracy and $4,500 annual savings per vehicle.
DeepRoute.ai Raises $100M to Take on Tesla in China's Autonomous Driving Market
DeepRoute.ai secures $100M from Chinese automaker to accelerate autonomous driving tech deployment in China, ahead of Tesla's 2025 launch
Autonomous Vehicle Pioneer Karl Iagnemma Joins Vecna Robotics as CEO
Karl Iagnemma, former CEO of Motional, joins Vecna Robotics as CEO, with the startup raising $14.5 million in funding to accelerate automation technology.
Rivian and VW Finalize $5.8B Joint Venture to Develop EV Software
Rivian and Volkswagen Group finalize a $5.8 billion joint venture to develop software for electric vehicles, paving the way for VW to leverage Rivian's technical expertise and reduce development costs.
Ford Fined $165M for Slow Recall of Faulty Rearview Cameras
Ford agrees to pay $165M penalty for slow recall of vehicles with faulty rearview cameras, second-largest fine in NHTSA history.
Pony AI Cuts IPO Target, Aims for $165M in US Debut
Pony AI, a Chinese self-driving tech company, lowers IPO target to $165M, plans to list on Nasdaq under 'PONY' ticker.