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Japanese automaker giant Toyota is exploring the financialization of car ownership, turning fleets into assets. Summary Toyota has proposed a blockchain that links all key data on cars NFTs can represent vehicle ownership, and traders can bundle them in a portfolio The concept is especially useful in EVs, robo-taxis, and fleets Toyota is actively exploring … Read more
NEWYou can now listen to Fox News articles! Emergency crews are at the scene of a train derailment involving about 35 Union Pacific cars in Palo Pinto County near Gordon, Texas. The derailment happened on Monday afternoon. Union Pacific told Fox News Digital the derailment happened at about 2 p.m. on Monday, 2 miles east … Read more
Doug Field, Ford’s chief EV, digital, and design officer, who formerly ran Apple’s car program and led the development of the Model 3 at Tesla, has been marshaling Ford’s in-house skunkworks team secretly developing this project. “We build a structural battery out of the cells, and that is the floor of the vehicle. So we … Read more
A security researcher said flaws in a carmaker’s online dealership portal exposed the private information and vehicle data of its customers, and could have allowed hackers to remotely break into any of its customers’ vehicles. Eaton Zveare, who works as a security researcher at software delivery company Harness, told TechCrunch the flaw he discovered allowed … Read more
The future of self-driving cars in Italy it seems needs not only technology but also (possibly above all) political backing. The good news, then, is that more than 60 mayors in Italy have decided to take the field for the cars of the future. On July 14, in the hall of the MEET Digital Culture … Read more
WIRED contacted Huawei to ask about its potential role in the subsidies. Huawei did not comment in time for publication. One of the earliest subsidies appeared online in March, when the Commerce Bureau of Shenzhen Longgang District—the district where Huawei’s headquarters are located—posted that local car buyers can get up to 4,000 RMB (about $560) … Read more
Volvo vehicles seen outside a Volvo dealership in Edmonton, AB, Canada, on February 02, 2025. Nurphoto | Nurphoto | Getty Images Shares of Sweden-based automaker Volvo Cars rose more than 10% on Thursday as the company’s second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline. Volvo Cars, which is owned by China’s Geely … Read more
A passenger walks near Uber signage after arriving at Los Angeles International Airport in Los Angeles, California, on July 10, 2022. David Swanson | Reuters Baidu has struck a partnership with Uber to deploy its autonomous cars on the ride-hailing giant’s platform outside the U.S. and mainland China. The first deployments are expected to happen … Read more
U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | Reuters As President Donald Trump’s tariffs against more than a dozen countries spark fresh concerns about looming country-specific trade measures, often overlooked are the levies on specific products and commodities that … Read more
Cruise robotaxis are back on the road… well, kind of. Though General Motors pulled the plug on its self-driving taxi business last year, the automaker has been quietly repurposing a few of the vehicles as it seeks to develop new driver-assistance technologies. This week, WIRED spotted a GM Bolt electric hatchback on the San Francisco-Oakland … Read more
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