The Mobility Open Blockchain Initiative (MOBI)’s Vehicle Identity (VID) II Working Group unveiled the second part of a vehicle identity standard that uses blockchain technology, according...
Southern California-based electric truck maker Rivian closed a $2.65 billion investment round led by funds and accounts advised by T. Rowe Price, with participation from Fidelity...
Microsoft is participating in a new $2 billion equity funding round for self-driving carmaker Cruise, bringing the startup’s post-money valuation to $30 billion. Get the...
CEO Michael Bor of CarLotz — a used-car platform he co-founded and expects to take public this week via a SPAC — says selling used...
It was supposed to be a compelling option for consumers in the connected economy, but the subscription model for automobiles is hitting some speed bumps...
Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles. Get the Full Story Complete the...
Berlin-based Auto1 Group said on Wednesday (Jan. 13) that it plans to go public in the first quarter of this year. Auto1 serves both consumers...
General Motors is launching a new division called BrightDrop to offer what the automaker describes as an entire “ecosystem” of software, services, electric trucks and...