The Verge - Transportation Posts |
- GM, Cruise suing to stop Ford from using the name ‘BlueCruise’
- The Senate’s E-BIKE Act could make electric bikes a lot cheaper
- Rivian raises another $2.5 billion as it looks to build a second factory
| GM, Cruise suing to stop Ford from using the name ‘BlueCruise’ Posted: 24 Jul 2021 09:58 AM PDT  General Motors has filed a lawsuit to try to prevent Ford from using the name "BlueCruise" for the hands-free driving feature it announced earlier this year. First reported by the Detroit Free Press, GM claims the name is too close Super Cruise, the name of is own hands-free driving technology introduced in 2017, and to its autonomous vehicle subsidiary Cruise. GM is suing Ford for trademark infringement and unspecified damages. In the lawsuit filed Friday, GM said in that the companies had been involved in "protracted discussions" over the name but were unable to resolve the matter. "Ford knew exactly what it was doing," GM alleges in its complaint, adding that if Ford "wanted to adopt a new, unique brand, it easily could have done so...  |
| The Senate’s E-BIKE Act could make electric bikes a lot cheaper Posted: 24 Jul 2021 07:00 AM PDT  A bill that would offer Americans a refundable tax credit on the purchase of a new electric bicycle was just introduced in the Senate by Ed Markey (D-MA) and Brian Schatz (D-HI). The bill is called the Electric Bicycle Incentive Kickstart for the Environment, or E-BIKE Act for short, and it's the companion bill to one introduced in the House of Representatives earlier this year. E-bikes are more expensive than normal bikes, typically costing anywhere from $1,000 to $8,000 for some of the more high-end models. But they also have the potential to replace car trips for a lot of people, with a recent study finding that if 15 percent of car trips were made by e-bike, carbon emissions would drop by 12 percent.  |
| Rivian raises another $2.5 billion as it looks to build a second factory Posted: 23 Jul 2021 01:02 PM PDT  Electric vehicle startup Rivian has raised another massive round of funding, this time to the tune of $2.5 billion, bringing its total raised to date over the $10 billion mark. The funding round comes as Rivian recently confirmed it's looking for a location to build a second factory — one that will also produce batteries for its vehicles — in the United States. The company is currently aiming to roll its first electric pickup trucks off the line at its existing factory in Illinois this September. The new round was led by Amazon's Climate Pledge Fund, Ford, D1 Capital Partners, and funds advised by T. Rowe Price, each of which are already investors in Rivian. Amazon and Ford each own more than 10 percent of the buzzy EV startup, and are...  |
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