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Tesla shares sink as Musk says it could face some ‘rough quarters’ ahead
NEW YORK (AP) — Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars. Late Wednesday, the electric vehicle maker reported another quarter of lackluster financial results, with revenue dropping […]
Torc Robotics names new CEO
Blacksburg-based self-driving truck company Torc Robotics has named Peter Vaughan Schmidt its next CEO, the Daimler Truck AG subsidiary announced Thursday. Currently head of Daimler Truck’s Autonomous Technology Group, Schmidt will take on his new role Oct. 1 and succeeds Michael Fleming. The company produces software for self-driving commercial vehicles and was started by a […]
Volkswagen to debut electric Microbus at SXSW
Herndon-based Volkswagen Group of America announced Wednesday that it would debut its electric bus during this year’s South by Southwest (SXSW) festival, which will be held March 11-20 in Austin, Texas. Designed to recall the iconic Type 2 Microbus introduced in 1967, the ID. Buzz is Volkswagen’s second noncommercial electric vehicle. The vehicle’s modern incarnation […]
Virginia Tech Transportation Institute taps new executive director
Zachary Doerzaph will become the next executive director of the Virginia Tech Transportation Institute, the university’s largest research institute, effective Oct. 1. “Zac Doerzaph is a nationally recognized transportation researcher with extensive leadership experience in large team projects from different sponsors,” Virginia Tech Vice president for Research and Innovation Dan Sui said [...]
