General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed...
Vehicle transportation marketplace Auto Hauler Exchange (AHX) has raised $5 million in new funding. The company said its Series A round, announced in a news release Tuesday (Feb. 4), will allow it to expand its teams, scale its operations and enhance its platform, which connects...
Tesla is at a crossroads, one that the electric vehicle (EV) maker with autonomy dreams may not be able to “full self-drive” (FSD) its way out of. The company’s fourth quarter and full year 2024 earnings, reported Wednesday (Jan. 29), reveal a business grappling with...
Autonomous vehicle firm Waymo reportedly plans to test its vehicles — with a driver behind the wheel — in 10 new cities in 2025. These tests, which the company dubs “road trips,” allow Waymo to see how its self-driving vehicles adapt to the traffic patterns,...
January 28, 2025
Making things easier rarely goes out of style. Just take, for example, unattended payments. Typically facilitated by self-service machines, kiosks or other devices allowing customers to complete purchases independently, these transactions occur without the need for direct human interaction at the point of sale. With the unattended payments market projected to reach $129 billion globally […]
January 28, 2025
In an industry where every second counts, the transportation sector thrives on swift movement and seamless operations. But when it comes to managing financial transactions, many businesses in this space...
January 07, 2025
Autonomous vehicles (AVs) are emerging as a use case for artificial intelligence, with Nvidia announcing partnerships with carmakers to develop self-driving technology using its hardware and software platform. “The AV...
January 01, 2025
Companies in the mobility space could enjoy a range of benefits if their treasurers had greater influence and involvement, according to the PYMNTS Intelligence report “The Impact of Misunderstood Treasurers...
February 04, 2025
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed sources. Several Cruise leaders will leave amid the restructuring, including […]
February 04, 2025
Vehicle transportation marketplace Auto Hauler Exchange (AHX) has raised $5 million in new funding. The company said its Series A round, announced in a news release Tuesday (Feb. 4), will...
January 29, 2025
Autonomous vehicle firm Waymo reportedly plans to test its vehicles — with a driver behind the wheel — in 10 new cities in 2025. These tests, which the company dubs...
January 27, 2025
Truck drivers are a crucial part of the supply chain. Fuel retailer and convenience store chain RaceTrac and global commerce platform WEX have introduced something that may make truckers’ lives...
