GM, Cruise Teaming With Microsoft to Speed Development

GM, Cruise Teaming With Microsoft to Speed Development

General Motors and its autonomous vehicle subsidiary Cruise are moving into the cloud, specifically the Microsoft cloud, as all three have entered into an agreement designed to accelerate the commercialization of self-driving vehicles. The trio will join forces to...
Texas Tops 2021 List of Best States to Drive in U.S.

Texas Tops 2021 List of Best States to Drive in U.S.

Time is money and Americans blew through $88 billion last year while spending an average of 99 hours sitting in traffic. This happened despite the fact that U.S. motorists drove 380 billion miles cumulatively through October 2020, which is a drop of 13.9% — due to the...
Stellantis Enjoys Warm Welcome from European Investors

Stellantis Enjoys Warm Welcome from European Investors

Not every merger involving an automaker these days involves a blank-check company. The newly minted tie-up between Fiat Chrysler Automobiles N.V. and Peugeot S.A. was finalized over the weekend and the resulting company, Stellantis N.V., is enjoying a warm welcome. At...
Lucid Motors Looking to Raise Big Cash in SPAC Merger

Lucid Motors Looking to Raise Big Cash in SPAC Merger

The explosion of nascent electric vehicle makers in the last few years has resulted in many of those automakers looking to go public through the use of special purpose acquisition companies with the latest also being the biggest: Lucid Motors. The California-based EV...
Chrysler is No More as Stellantis Comes to Life

Chrysler is No More as Stellantis Comes to Life

Chrysler is dead. Perhaps a bit dramatic, but nevertheless, the merger between Fiat Chrysler Automobiles N.V. and Peugeot S.A. became effective today, resulting in Stellantis N.V. Shares of the newly formed Stellantis begin trading on exchanges in France, Italy and...
Mahindra Lays Off Half of North American Workforce

Mahindra Lays Off Half of North American Workforce

The COVID-19 pandemic and an ongoing legal battle have combined to force Mahindra & Mahindra to cut its North American workforce in half, an estimated 250-plus employees. According to Reuters, the layoffs have been occurring since the middle of 2020, and sources...

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