Autos
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Tesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says
The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously misleading. The Autopilot system prevented Hans Von Ohain from being able to keep his Model 3 Tesla on a Colorado road in 2022, according to the lawsuit filed by Nora Bass in state court on May 3. Von Ohain died after the car hit a tree and burst into flames, but a passeng
2-min read - BusinessTechCrunch
The buzziest EV IPO of the year is a Chinese automaker
Electric vehicle demand might be softening, but investors appear to be excited about the U.S. debut of a Chinese luxury EV brand. Geely-owned Zeekr hit the New York Stock Exchange with a splash on Friday, making it the first major U.S. listing by a Chinese company since 2021, following China’s effective ban on foreign IPOs. The company's stock price soared 38% in the first few minutes of trading, giving Zeekr a potential $7 billion valuation.
5-min read - BusinessThe Telegraph
Jaguar Land Rover to spend £356m on electric car factory
Jaguar Land Rover (JLR) is racing to complete a £356m factory upgrade as the West Midlands car maker prepares to launch the first all-electric Range Rover.
2-min read - BusinessReuters
UPDATE 1-After layoffs, Musk says Tesla to spend $500 mln on charging network
Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business. "Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year," Musk said in a post on his social media platform X. After the layoffs last week, Musk said Tesla planned to expand the Supercharger network but at a slower pace for new loca
1-min read - BusinessReuters
After layoffs, Musk says Tesla to spend $500 million on charging network
"Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year," Musk said in a post on his social media platform X. After the layoffs last week, Musk said Tesla planned to expand the Supercharger network but at a slower pace for new locations.
1-min read - BusinessReuters
Elon Musk says Tesla will spend $500 mln to expand charging network
Tesla will spend more than $500 million to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business. "That's just on new sites and expansions, not counting operations costs, which are much higher," Musk said in a post on his social media platform X. After the layoffs last week, Musk said that Tesla planned to expand the Supercharger network but at a slower pace for new locations.
1-min read - BusinessReuters
Ford's Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair
(Reuters) -Ford Motor said on Friday that John Lawler would hand over his role as finance chief to ex-Lucid Motors CFO Sherry House in early 2025 as he transitions to vice chair to take on broader responsibilities at the Detroit automaker. House, who has previously held leadership roles at Alphabet's Waymo and worked with General Motors, will join Ford as vice president of finance effective in early June before taking over the CFO role. Lawler will focus on Ford's strategy and partnerships, a
2-min read
