There's growing concern the world has hit "peak car" and a long-term decline in auto sales is about to hit. But the idea isn't supported by the data.
Drive.ai reportedly planned to cease operations and lay off 90 employees. Now, an Axios report says they've been acquired by Apple.
Uber and Lyft are losing lots of money despite paying their drivers poverty wages. Neither situation is sustainable.
Former GM executive and Fisker Automotive CEO Tony Posawatz has joined the board of startup Renovo, a California-based company.