As a livery cab driver in the Bronx for more than a decade, Orlando Lantigua knows some of his customers well. In the outer boroughs and low-income New York neighborhoods — where yellow cabs rarely go and public transportation is sometimes sparse — residents who lack smart phones or credit cards have relied on livery cabs for generations. More than 100 livery cab bases have closed their doors since 2015, when ride-hailing apps like Uber and Lyft began to provide a large number of trips, cuttin
Musk has been promoting the Cybertruck on Twitter and cryptically tweeting out updates to the number of orders the company has received since the launch late Thursday. After more than 50 interaction on Twitter since the launch, he tweeted "250k" on Tuesday night in an apparent reference to the number of orders. Tesla opened preorders immediately after the unveiling and allowed potential buyers to book the truck by depositing a fully refundable $100, compared with the $1,000 it charged for book
BMW management and labour have reached an agreement on measures to reduce costs that avoids "drastic measures", the German carmaker said on Wednesday. BMW had been in talks with labour representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.23 billion) by 2022.
An attorney for Elon Musk, the billionaire CEO of electric car maker Tesla, said on Tuesday that his client had no intention of settling a defamation suit brought by a British cave explorer before the case goes to trial on Dec. 3. Vernon Unsworth is suing Musk for calling him a "pedo guy" in one of a series of tweets. Musk posted the tweets after Unsworth accused Musk in a CNN interview of grandstanding by offering to help Unsworth's diving team rescue 12 boys and their soccer coach from a cav
Lego seems to have been inspired by recent events to bring its own vision fo the truck of the future to the world – behold this bold design statement in all its glory. Clearly, Lego is having a go at Elon Musk and the Tesla Cybertruck that he unveiled last week – which was... divisive in its reception, to say the least. The Lego version is "guaranteed shatterproof," Lego notes on Twitter, which is a jab at the failed demo wherein Musk had designer Franz von Holzhausen hurl a large metal ball
A battery-powered Lincoln SUV, due in mid-2022, will be the first Ford Motor Co vehicle built on a custom electrified chassis that resembles a skateboard, which was developed by Ford-backed startup Rivian, according to several people familiar with the program. The all-wheel-drive Lincoln SUV could compete against Rivian's R1S, an electric sport utility vehicle slated to go into production in early 2021 that will be priced from $72,500. Both models will use Rivian's so-called skateboard,
Tesla Inc's chief executive, Elon Musk, will testify in his own defense against a defamation lawsuit brought by a British cave explorer, Musk's lawyer said on Monday in U.S. District Court in Los Angeles. Vernon Unsworth is suing Musk for calling him a "pedo guy." Musk posted the tweet after Unsworth accused Musk in a CNN interview of grandstanding by offering to help Unsworth's diving team rescue 12 boys and their soccer coach from a Thailand cave in July 2018.
Audi on Tuesday announced a major restructuring scheme, slashing around 9,500 jobs until 2025 in an effort to adopt production to the e-mobility era and achieve billion-euro cost savings. "The resulting savings of around 6 billion euros will secure the strategic operating profit margin corridor of 9 to 11% and will be invested in projects of the future such as electrification and digitalisation," the company said in a statement. Audi said that the cost savings would be achieved by 2029.
Tesla CEO Elon Musk and his spacy Cybertruck have ignited a frenzy over electric pickups, and at least seven other U.S. automakers expect to build new battery-powered trucks by 2021. Companies ranging from General Motors Co to startup Lordstown Motors Corp have said they plan to introduce electric pickups over the next two years, and are scheduled to build up to 250,000 a year by 2024, according to industry analysts. If demand falls that far short of production targets, "there are going to be
London’s transit authority on Monday refused to renew Uber’s license to operate, with the ride-hailing company vowing to appeal the decision as it struggles to secure its future in the British capital. It’s the latest chapter in Uber’s rocky history with London transport officials, who have subjected the San Francisco-based tech company to ever tighter scrutiny over concerns about passenger safety and security. Transport for London cited “several breaches that placed passengers and their safety