Tag: Automotive
GM is bringing back the Hummer as an electric ‘super truck’ with 1,000 horsepower
GM is bringing back the Hummer in a new electric form. The automaker confirmed Thursday plans to produce an all-electric Hummer with 1,000 horsepower and the ability to accelerate from zero to 60 miles per hour in 3 seconds. This ‘super truck,’ which GM teased in a several videos, will…
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Techstars Detroit accelerator is shutting down
Techstars Detroit, the accelerator that has funded 54 startups in the past five years, is shutting down, TechCrunch has learned. In an email to supporters, Techstars Detroit managing director Ted Serbinski said the accelerator was not able to secure enough funding for 2020. “It’s clear the entire automotive mobility industry…
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Tesla closes Shanghai factory over coronavirus concerns
Tesla was ordered by the Chinese government to shut down its Shanghai factory over concerns about the coronavirus, a closure that will delay Model 3 production and ultimately put slight downward pressure on profits in the first quarter, the automaker’s finance chief Zach Kirkhorn said during an earnings call Wednesday.…
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Tesla to begin deliveries of Model Y by end of first quarter
Tesla said Wednesday that production of the Model Y started this month with the first deliveries of the all-electric compact crossover to begin by the end of the first quarter as the company pushes to extend its profitability streak. Production of the Model Y is at limited volume for now,…
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Tesla shares jump on profitable quarter, Model Y production
Tesla continued its profitability streak in the fourth quarter, earning $105 million, results that beat expectations and sent shares higher in after market trading Wednesday. according to earnings reported after the market closed Wednesday. Tesla also announced Wednesday that production of the Model Y started this month, ahead of schedule.…
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Self-driving company Waymo teams up with UPS for package delivery
Waymo will start delivering parcels for UPS using its self-driving Chrysler Pacifica minivans in Phoenix as part of a broader partnership with the shipping and logistics company. The companies said Wednesday that Waymo will pilot autonomous vehicle package pickup in metro Phoenix — the same area where its self-driving vehicles…
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