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Ben Geman
Ben Geman, author of Generate
Oct 13, 2021 - Energy & Environment

India's Tata Motors nabs $1 billion for EV plans

Illustration: Lazaro Gamio/Axios

Indian auto heavyweight Tata Motors is planning a major expansion of its electric vehicle lineup, staked by the big TPG Rise Climate fund and Abu Dhabi-based sovereign wealth fund ADQ.

Driving the news: Tata is creating a new unit that aims to develop a portfolio of 10 EVs over the next five years and, working with Tata Power, build out charging infrastructure in India, the company said.

U.S. questions Tesla over lack of recall after self-driving update

A person entering a Tesla factory in Lathrop, California, in September 2021. Photo: David Paul Morris/Bloomberg via Getty Images

The National Highway Traffic Safety Administration (NHTSA) questioned Tesla in a letter Wednesday on why the company did not file a recall when it updated the self-driving software for some of its vehicle models last month.

Why it matters: Federal law requires automakers to submit a recall when they issue an "over-the-air" update that mitigates a defect that poses an unreasonable risk to drivers.

Southwest cancels over 350 flights, delays around 600

Photo: Kevin Dietsch/Getty Images

Southwest Airlines canceled more than 350 flights and delayed around 600 others on Monday after mass cancellations over the weekend from what the airline called "operational challenges," according to AP.

Driving the news: The cancellations started after its pilots asked a court to block the company's new COVID vaccine mandate, though Southwest said Sunday the service disruptions were not a result of a planned labor demonstration by its pilots, Axios' Michael Mooney and Ben Montgomery report.

Dan Primack, author of Pro Rata
Oct 11, 2021 - Economy & Business

$810 million deal creates one of world's largest bike makers

Illustration: Brendan Lynch/Axios

Dorel Industries agreed to sell its portfolio of bike brands, including Cannondale, Schwinn and Mongoose, for $810 million to Dutch mobility group Pon Holdings.

Why it matters: This creates one of the world's largest analog bike makers, and also reflects surging e-bike usage in the U.S.

Oct 11, 2021 - Economy & Business

Pent-up demand for international holiday travel meets COVID

Expand chart
Data: Our World in Data; Chart: Jared Whalen/Axios

If you're traveling internationally this holiday season, make sure you know all the COVID-related requirements at your destination.

Why it matters: International travel poses an increased risk of infection even for fully vaccinated travelers. If you don't follow local rules on masks, testing or quarantine, you could be forced to return to the U.S.

Tesla to move headquarters from California to Texas

Photo: Smith Collection/Gado/Getty Images

Tesla CEO Elon Musk announced at a shareholder meeting Thursday that the Tesla headquarters will move from Palo Alto, California, to Austin, Texas.

Why it matters: Tesla isn't the first tech company to leave California. Oracle and Hewlett-Packard Enterprise moved their headquarters from Silicon Valley to Texas in December 2020.

Dan Primack, author of Pro Rata
Oct 7, 2021 - Economy & Business

Student transportation startup Zum raises $130 million

Illustration: Shoshana Gordon/Axios

Zum Services, a Redwood City, Calif.-based student transportation startup, raised $130 million at an $800 million pre-money valuation led by SoftBank.

Why it matters: School bus transportation has become a nationwide problem, due to driver shortages, with some states even calling in the National Guard to help.

Ben Geman, author of Generate
Oct 7, 2021 - Energy & Environment

Electric takeaways from General Motors' new business plan

Photo: Mario Tama/Getty Images

General Motors is offering detailed revenue goals for its electric vehicle business and new info about plans for new models.

Driving the news: Here are the juicy bits of their investor presentation and announcements Wednesday.

  • GM's gunning for "leadership in EV market share" — a shot across Tesla's bow — with a broad portfolio of high-volume EVs.

Cathy McMorris Rodgers: Congress not ready to regulate autonomous vehicles

Congress "missed an opportunity" to include autonomous vehicle (AV) regulations in the infrastructure bill, Rep. Cathy McMorris Rodgers (R-Wash.), the top Republican on the House Energy & Commerce Committee, said at an Axios event Wednesday.

Why it matters: Though widespread adoption of AV technology is still years away, members of Congress have made long-shot efforts to get ahead of self-driving vehicles and regulate them for cybersecurity, safety and other standards, but no strict federal standards have been put in place.

GM plans to double revenues by 2030 as it rolls out EVs and services

GM CEO Mary Barra. Photo: GM

General Motors plans to double its revenues over the next decade as it transitions to an all-electric future, tapping into software and subscription services that enable new vehicle experiences and connect customers' digital lives, the company told reporters on Wednesday.

Why it matters: It's an extraordinary target for a lumbering industrial giant that is trying to transform itself from automaker to "platform innovator."