• AutoTL;DRB
    link
    English
    11 year ago

    This is the best summary I could come up with:


    A year ago, President Biden signed the Inflation Reduction Act, a law loaded with incentives for climate tech and designed to encourage companies like automakers to bring manufacturing back to the United States.

    ElectraMeccanica, previously the maker of the three-wheeled Solo EV, is merging with an electric truck startup Tevva, and the whole deal makes me wonder if there’s a place for such tiny autocycles in the U.S.

    VinFast shares closed Friday at $15.40, which perhaps isn’t suprising considering the young EV upstart delivered just 11,300 vehicles in the first half of 2023 — not to mention its fundamentals show a company with costly ambitions that far outweigh revenue.

    A number of automotive, AV tech and VC veterans also invested in the fund, including Wolfgang Bernhart, Matt Cullen, Calvin Ford, Dan Gilbert (DVP), Philipp von Hagen, Joe Hinrichs, Karl Iagnemma, Jody Kelman, Tim Lalonde, Kathleen Ligocki, John Moavenzadeh, Stephen Polk, Tony Posawatz and Dug Song .

    When the California Public Utilities Commission voted to approve final permits allowing Cruise and Waymo to expand robotaxi operations and charge for driverless rides, I made a comment that not all newsletter readers appreciated.

    Ford will make its hands-free driving hardware — BlueCruise — standard in many of its future vehicles and charge owners a subscription, which can be activated any time, to access the tech.


    The original article contains 1,232 words, the summary contains 222 words. Saved 82%. I’m a bot and I’m open source!