Swedish electric motorcycle startup Cake has reportedly filed for bankruptcy. Cake CEO Stefan Ytterborn did not comment on next steps, TechCruch reported Friday (Feb. 2). The company was in the midst of a funding round when an investor’s withdrawal pushed it over the edge, according to the report. While it remains...
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale down production, divest and cut funding have cast a shadow over this once-optimistic narrative. On...
American Express and Delta have introduced a revamped version of their co-branded SkyMiles credit cards. The new cards, announced Thursday (Jan. 31), offer a series of benefits to both frequent and occasional flyers, and comes as a majority of consumers are embracing card-linked offers for travel-related purchases. According to an...
Traveling is a big part of many people’s New Year’s resolutions. If it’s one of your goals this year, PYMNTS’ Provider Rankings of Travel Apps can help you figure out where to go and where to stay. Each month, PYMNTS determines the most popular apps in the...
Consumers’ device portfolio has changed significantly over the years, largely due to technological breakthroughs and evolving consumer preferences in a world dominated by digital transformation. These changes have affected everything from smartphones and smartwatches to smart TVs and cars with connected capabilities. PYMNTS Intelligence data...
Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the industry, as The Wall Street Journal (WSJ) noted in a report Monday (Jan. 29). Among the companies cutting jobs this...
Ford and its luxury brand Lincoln are enabling customers to access apps and services in their vehicles through a new integrated native experience. Drivers will also be able to do so with Apple CarPlay and Android Auto, the company said in a Monday (Jan. 22) press...
RXO, a provider of asset-light transportation solutions, has launched an artificial intelligence (AI)-powered check-in system for trucks arriving at warehouses and distribution centers. This visual AI technology aims to simplify the check-in and security process by utilizing video to identify trucks and extract image and...
Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing them with internal combustion engine (ICE) vehicles. It is doing so because EVs are more expensive than ICE vehicles to...