Category: Transportation
VW bails on its plan for a $2.1B EV plant in Germany
Volkswagen’s $2.1 billion plan to launch a dedicated electric-vehicle factory in Wolfsburg, Germany is kaput. The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV…
Pitch Deck Teardown: Point.me’s $10M Series A deck
I like a good airline points flight just as much as the fuzzy feeling you get from knowing you’ve “beaten the system,” but does Point.me solve a “real” problem?
YC, OpenAI and the trough of disillusionment
Listen here or wherever you get your podcasts. Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday show, and we’re talking about the week’s biggest …
Judge upholds $18 minimum pay for NYC delivery workers
In a blow to Uber, DoorDash and Grubhub, a New York judge on Thursday ruled to allow the implementation of the minimum pay rate of $18 per hour for New York City’s food delivery workers. The delivery apps sued the city in July, when the city̵…
Federal agency sues Tesla for racial discrimination of Black workers
The EEOC filed suit against Tesla, accusing the automaker of violating federal law by tolerating widespread and ongoing racial harassment of its Black employees.
Honda forms largest EV partner network in the US despite not yet selling an EV in the country
Honda is touting today that drivers of its EVs will soon have access to the most amount of charging locations in America. This is thanks to just-announced agreements with EVgo and Electrify America, two of the largest EV charging networks in the States…
Teamsters urge NHTSA to deny Cruise Origin exemption
The International Brotherhood of Teamsters union is urging U.S. auto safety regulators to deny a petition by General Motors to grant an exemption to Cruise, the automaker’s autonomous vehicle subsidiary, that would allow it to build its Origin AV…
Can Bird’s Spin acquisition give it the lift it needs?
Back in the scooter craze days of 2019, Bird was valued at a whopping $2.5 billion.
EV boat startup Arc wades into watersports with $70M in fresh funding
Arc is making a splash with investors as it wraps up deliveries of its limited edition $300,000 electric boat and eyes its next target: watersports. And, specifically the kind that require a wake. The Los Angeles-based electric boat startup, which desi…
US lawmakers push Ford to hand over documents on battery deal with China’s CATL
Ford may have paused its plans to build a $3.5 billion EV battery factory with CATL, but it hasn’t relieved pressure from Republican U.S. lawmakers who are investigating the automaker’s agreement with the Chinese company. The probe, which w…