GMβs decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car companyβs minority investors. Microsoft, which in 2021 made an investment into Cruise, will take $800 million impairment charge as a result of GMβs actions, according to a regulatory filing. Microsoft said the charge will be [β¦]
Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that GM has pulled the plug on Cruise and its commercial robotaxi ambitions, reports The Nikkei. GM said Tuesday it would cease funding Cruise and instead absorb the company and combine it with [β¦]
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car subsidiary Cruise and combine it with the automakerβs own efforts to develop driver assistance features β and eventually fully autonomous personal vehicles. The pivot is a remarkable step for the automaker, which [β¦]
To fill a car with gas, you generally just need a credit card or cash. To charge an EV at a DC fast charging station, you need any number of things to workβa credit card reader, an app for that charger's network, a touchscreen that's workingβand they're all a little different.
That situation could change next year if a new "universal Plug and Charge" initiative from SAE International, backed by a number of EV carmakers and chargers, moves ahead and gains ground. Launching in early 2025, the network could make charging an EV actually easier than gassing up: plug in, let the car and charger figure out the payment details over a cloud connection, and go.
Some car and charging network combinations already offer such a system through a patchwork of individual deals, as listed at Inside EVs. Teslas have always offered a plug-and-charge experience, given the tight integration between their Superchargers and vehicles. Now Tesla will join the plug-and-charge movement proper, allowing Teslas to have a roughly similar experience at other stations.
General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its joint venture partner LG Energy Solution (LGES). GMβs step back from the factory comes amid weakening electric vehicle demand and the potential rollback of Biden administration incentives to produce clean energy domestically.Β GM and LGES [β¦]
