Barely a week following the launch of Xiaomi’s highly anticipated electric car, which catapulted the electric vehicle (EV) market into the limelight, other original equipment manufacturers (OEMs) are once again dominating headlines, indicating an ongoing shift in the market landscape. On Thursday (April 4), Swedish automotive...
Electric vehicle manufacturer Canoo disclosed in a Monday (April 1) annual report that its management has identified “substantial doubt” about the company’s ability to continue as a going concern. The company requires additional capital but has found that its ability to raise it could be impaired, according to the...
Findings from a recent New York Times report have brought to light a concerning reality for drivers: their every trip detail, from speeding to sudden braking, is meticulously logged by data brokers. This peek into the extensive monitoring of driving behavior underscores a broader unease among consumers about...
Hertz’s CEO is stepping down following the company’s major shift on the electric vehicle front. Stephen Scherr, who joined the rental car giant in 2022, has announced his resignation, Hertz said Friday (March 15). Taking his place is Gil West, former chief operating officer of...
Transportation management system provider BeyondTrucks has launched a partnership with cloud platform Samsara. The collaboration, announced Wednesday (March 13), lets clients of the two firms equip dispatchers, drivers and fleet managers with access to asset and operational data, allowing them to enhance visibility, fleet efficiency and decision-making capabilities. “Currently,...
Automakers are reportedly anticipating a slower rate of growth in sales of electric vehicles (EVs). While early adopters contributed to a rapid rise in EV sales, mainstream consumers are less eager to transition to the new technology, CNBC reported Wednesday (March 13). The industry has seen EVs’...
Business payments company FLEETCOR Technologies has closed a majority investment in Brazilian vehicle payments company Zapay. This investment further scales FLEETCOR’s Vehicle Payments business in Brazil, providing access to Zapay’s 2 million monthly users and increasing FLEETCOR’s reach to a total of 9 million drivers in the country,...
Cazoo’s days of selling used cars are coming to an end. The U.K. company plans to transition into a “pure play” automotive marketplace, Cazoo said in a Wednesday (March 6) news release, the latest example of an online car seller shifting its focus amid a tough...
Swedish electric motorcycle startup Cake has reportedly filed for bankruptcy. Cake CEO Stefan Ytterborn did not comment on next steps, TechCruch reported Friday (Feb. 2). The company was in the midst of a funding round when an investor’s withdrawal pushed it over the edge, according to the report. While it remains...
