Paul Lienert

Honda to invest $2.75b in GM’s self-driving car unit

Honda’s partnership comes months after Japan’s SoftBank Group made its own multibillion-dollar commitment to GM Cruise.

Restrictions on Chinese investment could hit Detroit, Silicon Valley

Chinese companies in the past five years have funded at least 80 U.S. transportation startups, with a combined valuation of more than $100 billion, while also pouring billions into established firms such as Tesla.

China’s Didi exploring collaboration with automakers for ‘purpose-built’ cars

Didi says it wants to establish “open platforms” whereby it could share its customer and operational skills with automakers or parts suppliers.

China-backed electric vehicle startup Faraday throttles back US manufacturing plans

Faraday will build a much smaller auto assembly facility than originally planned in North Las Vegas.

Chinese billionaire’s EV startups map ambitious plans

Three electric-car startups funded by Chinese billionaire Jia Yueting will display vehicles at the giant CES 2017 trade show in Las Vegas next month, and two former executives told Reuters that one of the companies plans to roll out a dozen models through 2026. The three companies still have not… Read more »

Ford, Baidu co-invest $150m in autonomous tech firm Velodyne

Baidu in April said it had established a self-driving car team in nearby Sunnyvale, California, focusing on development of such enabling technologies as computer vision, robotics and machine learning.

Musk, big investors likely to boost stakes in Tesla

Elon Musk and key institutional investors will probably tighten their control over electric car maker Tesla Motors Inc after it acquires sister company SolarCity Inc, a Reuters analysis shows. Musk, who is chief executive of Tesla and chairman of SolarCity, will remain the largest individual shareholder, boosting his stake from… Read more »

Lyft mulls fundraise when ride-sharing services attract huge investor interest

Venture capitalists and corporate investors have poured nearly $28 billion into the ride services sector over the past decade, propelling growth at Lyft, China’s Didi Chuxing Technology Co and Uber Technologies Inc,

Tesla offers to buy solar panel maker SolarCity in $2.8b deal

Elon Musk’s Tesla Motors has made an offer to acquire solar panel maker SolarCity Corp in an all-stock deal.

Electric car startups fueled by Chinese money aim to catch Tesla

Electric car startups fueled by Chinese money aim to catch Tesla.