Losses continue to pile up at Rivian and Lucid in Q2
Both EV makers have received large cash infusions to help stem cash burn and pay for continued operations......»»
Losses continue to pile up at Rivian and Lucid in Q2
Both EV makers have received large cash infusions to help stem cash burn and pay for continued operations......»»
China"s MG Motor to build manufacturing plant, R&D center in Mexico
A Mexico factory would continue the global expansion of the former British brand, which has plants in China, Thailand and India. It also has plans to build EVs in Europe......»»
Ransomware operators continue to innovate
Ransomware groups continue to refine their craft, building and scaling business models that resemble legitimate corporate enterprises, according to Rapid7. They market their services to prospective buyers, offer company insiders commissions in exchan.....»»
Thunderstorms Have Caused $45 Billion in Damages in the U.S. in Just Six Months
Damage from high-frequency storms is rising faster than losses from major disasters such as hurricanes and wildfires.....»»
Why Germantown will continue to seek injunction after home used for party put up for sale
Why Germantown will continue to seek injunction after home used for party put up for sale.....»»
CrowdStrike cause revealed; small print may protect it from lawsuits
The cause of the CrowdStrike mess has been revealed by the company, together with the steps it has taken to ensure nothing similar can happen again. The company is facing a deluge of lawsuits over the estimated $5B worth of financial losses incurr.....»»
Rivian Q2 net loss widens to $1.46 billion despite sales gains, cost cutting
Rivian said it ended the second quarter with $5.8 billion in cash and cash equivalents compared with $7.9 billion at the end of the 2023 calendar year. Revenue in the latest quarter was $1.16 billion, a 3.3 percent increase......»»
Tundra vegetation to grow taller, greener through 2100, study finds
Warming global climate is changing the vegetation structure of forests in the far north. It's a trend that will continue at least through the end of this century, according to NASA researchers. The change in forest structure could absorb more of the.....»»
TrueCar"s Q2 net losses decrease thanks to higher dealer franchise revenue
The CDK cyberattacks caused some impact, but the vehicle listings company reduced losses, grew revenue and formally launched its enhanced TrueCar+ pilot......»»
Lucid reports Q2 net loss of $790 million; Saudi fund pledges additional $1.5 billion to the startup
Lucid delivered a record in the quarter and plans to launch a crossover this year. Lucid said its largest shareholder, Saudi Arabia's Public Investment Fund, will inject $1.5 billion in cash......»»
2025 Rivian R1S review: The best electric SUV gets getter
The Rivian R1S has long been considered among the best electric SUVs, but for 2025, it gets its first major refresh. Does the second-gen R1S deliver?.....»»
Aurora raises nearly $500 million more for self-driving technology efforts
Self-driving technology companies continue to suck up cash with Aurora, Cruise and Waymo getting more funding......»»
GM’s Detroit agency cuts expected to cause big job losses — how one shop is helping talent recover
Doner pledges $1 million to hire Detroit talent as part of broader #HireDetroit program......»»
GM’s Detroit agency cuts expected to cause big job losses—how one shop is helping talent recover
Doner pledges $1 million to hire Detroit talent as part of broader #HireDetroit program......»»
Rivian to report Q2 earnings after cutting costs, reaching $5 billion deal with Volkswagen
Rivian's second-quarter sales rose 9 percent to 13,790 despite a factory retooling in April to cut costs and freshen the R1T pickup and R1S crossover for the 2025 model year......»»
Rivian won’t add CarPlay to its cars. It doesn’t need to
Carmakers are struggling to build great software, but some new startups are head and shoulders above the competition -- like Rivian......»»
Study yields new insights into the link between global warming and rising sea levels
A McGill-led study suggests that Earth's natural forces could substantially reduce Antarctica's impact on rising sea levels, but only if carbon emissions are swiftly reduced in the coming decades. By the same token, if emissions continue on the curre.....»»
Silicon plus perovskite solar reaches 34 percent efficiency
There are still longevity problems, but things continue to get better. Enlarge / Some solar panels, along with a diagram of a perovskite's crystal structure. (credit: Subhakitnibhat Kewiko) As the price of silicon panels.....»»
5 Rivian features that don’t get enough attention
The second-generation Rivian R1S is packed with features -- and not all of them get the attention that they deserve......»»
Lucid to report Q2 earnings amid worries over cash burn, hopes for Gravity crossover
The EV startup, which launched the Air sedan in 2021, delivered a record 2,394 electric cars in the second quarter. But it also boosted sales incentives to $16,537 per car, Motor Intelligence said......»»