After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Some companies are still hauling in capital, though the era of bankrolling several hundred million dollars in a single round has mostly passed. Haomo.ai, an autonomous driving startup backed by Chinese automaker Great Wall Motor, has raised … Read more
Renault dealership photographed on July 12, 2021 in Berlin, Germany. Jeremy Moeller | Getty Images Entertainment | Getty Images Shares of Renault climbed in morning trade on Thursday, after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously. Paris-listed … Read more
Photo: kovop / Shutterstock.com (Shutterstock) 2023 was a bad year for Elon Musk. Even before his antisemitic tirade, the billionaire’s mounting failures at X/Twitter took Musk from media darling to a near-laughing stock. His bid to take SpaceX pubic is faltering after its satellite internet business Starlink brought in just $1.4 billion of the $12 … Read more