automotive Automakers Add Excessive Tech to Vehicles Amid Ongoing Chip Shortage Automakers are packing new vehicles with excessive technology and software, a trend experts call feature bloat that worsens the global chip shortage. This overload of unnecessary features leads to higher prices and decreased reliability for modern car buyers.
rivian Rivian Reaches $100 Billion Valuation on Record-Breaking IPO Day Electric vehicle startup Rivian surges nearly 30 percent in its market debut, achieving a massive valuation that surpasses Ford and General Motors despite producing only a handful of vehicles.
rivian Rivian Debuts On Stock Market With Historic $90 Billion Valuation Electric vehicle startup Rivian kicks off its public trading with a massive valuation that immediately surpasses legacy automakers Ford and GM. Investors are betting heavily on the company's future potential rather than its current production numbers.
rivian Electric Truck Maker Rivian Reaches $86 Billion Valuation in Historic IPO Rivian starts trading on the Nasdaq after raising nearly $12 billion, giving the Normal-based EV startup a market value comparable to Ford and General Motors.
rivian Rivian Prices IPO at $78 to Reach $77 Billion Valuation Electric truck maker Rivian prices its shares at $78, far exceeding initial targets as massive investor demand pushes the startup to a $77 billion valuation.
rivian Rivian Raises Expected IPO Price Ahead of Highly Anticipated Market Debut Electric vehicle startup Rivian sets its IPO guidance above the initial target range, signaling strong investor demand. The adjusted pricing positions the company for a massive valuation as it enters the public market.
smart eye Smart Eye Buys iMotions in $46.6M Deal Signaling DMS Industry Consolidation Smart Eye acquires human behavior software company iMotions for $46.6 million to expand its driver monitoring capabilities. This latest purchase highlights a rapid consolidation trend among DMS suppliers driven by new European regulations and rising automaker demand.
hertz Hertz Orders 100,000 Teslas to Transform Rental Fleet Hertz orders 100,000 Tesla vehicles to create the largest electric vehicle rental fleet in the United States. This massive purchase signals a major shift in the car rental industry toward sustainable transportation.
rivian Rivian IPO Makes History as a Top 2021 Market Debut Rivian's highly anticipated initial public offering officially ranks among the largest stock market debuts of the year. The electric vehicle maker's launch highlights massive investor interest in the EV sector.
qualcomm Qualcomm Snapdragon Ride Platform Gains Major Automaker Traction Qualcomm Technologies reports rapid adoption of its Snapdragon Ride Platform by global automakers for advanced driver assistance and automated driving systems. The next-generation 4nm chipset currently samples with major suppliers and targets 2025 production vehicles.
semiconductors Global Chip Shortage Driven by Pandemic Disruptions and Geopolitical Tensions The worldwide semiconductor shortage stems from a complex mix of pandemic-induced factory shifts, soaring consumer electronics demand, and escalating US-China trade restrictions.
semiconductors Unpacking the Global Semiconductor Shortage and Its Widespread Impact A complex mix of pandemic disruptions, geopolitical tensions, and surging demand for electronics creates a persistent global chip shortage. These intertwined factors severely strain supply chains and force industries worldwide to adapt.
honda Honda Leases First Level 3 Autonomous Vehicle to Japanese Drivers Honda releases 100 units of its flagship Legend sedan equipped with a Traffic Jam Pilot system, making it the first approved Level 3 self-driving production car available to consumers.
ces CES Shifts Focus to In-Vehicle Screens as Uber Plans New Spinoff This week's transportation news highlights a CES dominated by vehicle infotainment and giant screens rather than autonomous driving tech, alongside hints at another Uber spinoff.
polestar Polestar Issues Second Recall in October for Faulty Inverters and Heaters Polestar voluntarily recalls thousands of its newest electric vehicles due to defective inverters and coolant heaters. The company assures that North American vehicles remain unaffected by this latest service action.