Karl Iagnemma, an early pioneer in the autonomous vehicle industry who recently stepped down as president and CEO from Hyundai-backed Motional, is back in the AV and robotics game. Vecna Robotics, a Massachusetts-based startup that uses robots to handle materials in warehouses, has hired Iagnemma as CEO. The robotics startup, which has developed autonomous pallet […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June. Volkswagen […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Waymo has opened its robotaxi service to everyone in Los Angeles, sunsetting a waitlist that had grown to 300,000 people. The Alphabet-backed company said starting Tuesday anyone can download the Waymo One app to hail a ride in its service area, which is now about 80 square miles in Los Angeles County. Waymo has had […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Tesla shares have popped since the U.S. election as investors bet that a Trump presidency will benefit the automaker led by ally Elon Musk. Tesla’s shares have rallied nearly 30% since Tuesday, including an increase Friday morning that pushed the company’s market cap past the $1 trillion mark. The share spike is largely related to […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts’ estimates — as the EV startup struggled to resolve a component shortage that disrupted production of its recently overhauled flagship R1S and R1T vehicles.  Last month, Rivian lowered its annual production guidance to 47,000 to 49,000 vehicles […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! We’re just two days past the election, and there is already a ton of speculation about what another Trump presidency will mean for transportation and tech — […]

© 2024 TechCrunch. All rights reserved. For personal use only.