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Bing Guan - 1 Lordstown Motors - 1 Proterra - 1 Gareth Joyce - 1 Manya Saini - 1 Anil D'Silva - 1
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Los Angeles , California U.S Foxconn South Carolina Bengaluru
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City Transportation Department - 1 REUTERS - 1 Proterra - 1 Lordstown - 1 Thomson - 1

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2 mentions found


☆ EV firm Proterra files for Chapter 11 bankruptcy protection
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Bing Guan/file photoAug 7 (Reuters) - Electric-vehicle parts supplier Proterra (PTRA.O) filed for Chapter 11 bankruptcy protection on Monday, making it the latest company to go belly up in an industry grappling with supply chain constraints, slowing demand and a funding drought. The move comes weeks after Lordstown Motors filed for bankruptcy protection and put itself up for sale after failing to resolve a dispute over a promised investment from Foxconn. The company had a market value of $362 million as of last close. In January 2021, Proterra was valued at $1.6 billion, including debt, in a merger deal with a blank-check firm. Proterra, which makes electric buses as well as battery packs, said it intends to continue to operate in the ordinary course of business.
Persons: Bing Guan, Lordstown Motors, Proterra, Gareth Joyce, Manya Saini, Anil D'Silva Organizations: City Transportation Department, REUTERS, Proterra, Lordstown, Thomson Locations: Los Angeles , California, U.S, Foxconn, South Carolina, Bengaluru
☆ The wild traffic hack that could pave the way for self-driving cars
  + stars: | 2023-04-12 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +11 min
You might be able to get out of the way of a testosterone-fueled human driver in an SUV, but the self-driving cars will never see him coming. As more self-driving cars enter the market, speed through Hajbabaie's intersections goes up and fuel consumption goes down. The same will be true of proposals like white traffic lights for self-driving cars. If self-driving cars ever move beyond shared services like taxis and deliveries, the first vehicles are going to be owned by wealthy people. The world of tomorrowFor the moment, cities are in no danger of being overrun by self-driving cars.
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