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...
Intel subsidiary Mobileye is working on updates for its autonomous vehicle program, planning to launch test fleets in Detroit, Tokyo, Paris and Shanghai, TechCrunch reported....
In today’s top retail news, CarLotz, Inc. unveiled plans to launch a nationwide hub network, while Build-A-Bear Workshop, Inc. anticipates a jump in eCommerce demand for...