In Georgia, school bus-maker Blue Bird has visions of going from selling a few hundred electric buses annually to 15,000. In Michigan, Ford plans to produce an all-electric version of its F-150 pickup truck. Both companies are looking to President Joe Biden’s $2.3 trillion infrastructure proposal to help transform the automotive sector as electric vehicles […]
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The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them. The Alliance for Automotive Innovation says its members support the voluntary principles, which come as two federal agencies increase scrutiny of Tesla’s Autopilot diver-assist system after […]
Venmo will allow users to buy and sell cryptocurrencies on its app, the company said Tuesday, the latest mainstream financial platform to wade into alternative currency like Bitcoin. In addition to Bitcoin, Venmo has opened up the platform to Ethereum, Litecoin and Bitcoin Cash — generally considered to be among the mainstream of the digital […]
H.S. Panno, an independent contractor living in a spacious two-story penthouse in New Delhi, had his doubts when he bought his first electric car in September. So far, he’s pleased with his savings on gas and maintenance, which are down by more than half, but disappointed with the practical limitations of driving his Nexon XZ+. […]
Chinese tech titan Huawei is aiming to invest one billion dollars to research self-driving and electric vehicles (EV) technologies, as the company aims to take on market leader Tesla Inc. and rival Xiaomi. Speaking to industry analysts in Shenzhen earlier this week, rotating chairman Eric Xu said that the telecom giant will team up with […]
Coinbase made a rousing debut on Wall Street, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. Coinbase Global Inc.‘s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. Digital currencies are being incorporated into business plans […]
The president and auto industry maintain the nation is on the cusp of a gigantic shift to electric vehicles and away from liquid-fueled cars, but biofuels producers and some of their supporters in Congress aren’t buying it. They argue that now is the time to increase sales of ethanol and biodiesel, not abandon them. To […]
An electric version of the Chevrolet Silverado pickup truck will get an estimated 400 miles of range per charge, General Motors says. The company announced the range in a webcast on Tuesday and said the truck would be built at a factory straddling the border of Detroit and the enclave of Hamtramck. It also announced […]
Federal Reserve Chair Jerome Powell said Monday that the U.S. public needs to understand the risks behind Bitcoin and other cryptocurrencies, even as the central bank itself is studying the potential costs and benefits of a digital dollar. Powell said the Fed prefers to call crypto coins “crypto assets,” because their volatility undermines their ability […]
The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. Yet for that to happen, they’ll need to sell the idea to people like Steve Bock. When Bock recently replaced his family’s 2013 Honda Pilot SUV, he considered — and then dismissed — the […]