Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to raise in the transaction.   Pony operates a fleet of 190 “robotrucks” in Beijing and Guangzhou and more than 250 robotaxis in Beijing, Guangzhou, Shenzhen, and […]

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Ford has agreed to pay a $165 million penalty to federal regulators after moving too slowly to recall vehicles with faulty rearview cameras.  This is the second largest fine the National Highway Traffic Safety Administration (NHTSA) has handed out in its 54-year history, after the 2019 Takata airbag recalls.  Ford also failed to provide accurate […]

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Tesla’s Cybertruck is facing its sixth recall since its launch a year ago.  The recall affects 2,431 units, including certain 2024 Cybertrucks built between November 6, 2023 and July 30, 2024. A report from Tesla found that those trucks are or were equipped with a faulty drive inverter.  “If the inverter stops producing torque, the […]

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Zoox is testing its custom robotaxis, which are built without a steering wheel or pedals, on public roads in San Francisco and the Las Vegas Strip.  The rollout of the autonomous vehicles, which Zoox CTO Jesse Levinson first announced at TechCrunch Disrupt, is a public show of force from the Amazon-backed company. Federal regulations prohibit […]

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