Tesla Motors says it will ramp up production of its best-selling Model 3 electric car much more quickly...
Tag Archives: Motors
General Motors bought Sidecar, gave Lyft millions, now it’s launching “Maven”
On Thursday, General Motors launched a new “personal mobility brand” called Maven, through which the company will try to infiltrate the many ride-on-demand companies that have sprung forth from Silicon Valley. The initial business plan involves a car-sharing service, also called Maven, which will allow people to rent GM...
Airbus Ventures dips into $150 million fund to back 3-D printing at Local Motors
Airbus Ventures, the European aerospace giant’s Silicon Valley spin-off, says the first investment from its $ 150 million venture fund is going to Local Motors, a Phoenix-based company that aims to sell 3D-printed cars based on open-source designs. “Not since the space race...
General Motors invests $500M in Lyft to create network of driverless cars
General Motors is investing $ 500 million in ride-hailing giant Lyft as both companies team up to develop a “network of on-demand autonomous vehicles.” The substantial investment announced on Monday will help San Francisco-based Lyft grow its transportation service and is...