Driving the news: "We understand that Apple is in discussion with a variety of global automakers, including Hyundai Motor. As the discussion is at its early stage, nothing has been decided," a Hyundai rep tells CNBC.
Remember the grungy escalators at New York's Pennsylvania Station that bear you down to the even-grungier plaza where you can catch trains from Amtrak and the Long Island Railroad? They're still there.
Yes, but: So is this splendid new way to reach those trains. The Daniel Patrick Moynihan Train Hall opened Jan. 1, the culmination of three years' construction, $1.6 billion, and decades of Sturm und Drang over the endlessly flagellated decision in the 1960s to knock down the original Penn Station.
Cruise is turning to a former Delta Air Lines' executive to begin the rollout of its self-driving taxi business.
Why it matters: Gil West, who retired as Delta's chief operating officer last year at age 59, will become COO at Cruise as it shifts from research and development to commercialization of autonomous vehicles. He'll report to CEO Dan Ammann.
The average fuel efficiency of cars and light trucks sold in the U.S. dipped in model year 2019, newly released federal data shows.
Why it matters: Transportation is the nation's largest source of greenhouse gas emissions. The overall trends (see above) show that the sector is far from steep emissions cuts.
There's good news and bad news when it comes to curbing carbon emissions from Uber, Lyft and other ride-hailing services, courtesy of new analysis from the Rocky Mountain Institute.
Why it matters: Ride-hailing creates new emissions challenges.
Gone are the days of jet-setting for work. Even as we return to offices, the pandemic's effect on business travel will likely last.
Why it matters: The fate of business travel has big ramifications for the economy at large. Its decline could cost millions of jobs, shutter even more small businesses and make your next vacation more expensive.
Automakers sold an estimated 14.5 million vehicles in 2020 — down about 15% from a year earlier and the lowest level since 2012 — as the coronavirus pandemic disrupted the industry's long winning streak.
Why it matters: Ordinarily, carmakers would be disappointed by the final sales figures, but given 2020's unprecedented challenges, most are relieved that demand bounced back in the second half, fueling optimism for fat year-end profits and continued growth in 2021.
Shareholders of Fiat Chrysler Automobiles and Peugeot parent Groupe PSA voted overwhelmingly Monday to merge their companies, creating the world’s fourth-largest automaker.
Why it matters: The shift toward electric, self-driving technology has left legacy carmakers scrambling to pool resources — or in this case, merge completely — in order to help shoulder the capital burden of the transformation.
It took a pandemic to drag the car-buying process into the 21st century — and consumers are never going back.
Why it matters: After COVID-19, consumers can now buy cars online as they do almost everything else, with the ability to complete the entire transaction digitally and take delivery without ever setting foot in a showroom.
Tesla delivered 499,550 vehicles throughout 2020, falling just short of CEO Elon Musk's goal of shipping 500,000, the company announced on Saturday.
The state of play: Despite the near miss, the Q4 numbers set a new record for the company, with 180,570 cars shipped for the last three months of 2020 compared to the previous record of 139,300 Q3 deliveries.