American EV maker, skateboard platform, and growing delivery-vehicle supplier
Several firms have announced expansion plans and new measures that will accelerate commercial robotaxi rollouts. Mobileye has announced a 2027 U.S. launch with an initial 100-vehicle fleet and a five-year target of 17,000; Wayve and Uber are preparing a supervised London service in the coming months; Tesla and Waymo are expanding U.S. coverage; and new indices show Chinese robotaxi players are scaling faster than many expected.
Slate Auto has unveiled a bare‑bones two‑seat electric pickup with a $24,950 base price and a two‑row SUV conversion starting at $29,950. The company has raised the base EPA range estimate to about 205 miles, is taking preorders with a $300 deposit, and plans production to begin in late 2026 with direct online sales.
Lucid Group has filed to cut about 18% of its U.S. workforce, eliminating the chief operating officer position as part of a drive to align production with demand and move toward profitability. The moves follow February cuts and precede the potential mass-market Cosmos launch this year, while the company pursues robotaxi plans with Uber and Nuro.
Federal and local investigators have opened probes after a Tesla Model 3 drove across a Katy, Texas, lawn and crashed into a home on 19 June, killing 76‑year‑old Martha Avila. The driver, Michael Butler, has been arrested on suspicion of manslaughter and remains jailed on $150,000 bond; the victim’s family has filed a wrongful‑death suit naming Tesla and Butler.
Rivian has launched the R2, a mid-market electric SUV, signaling a strategic shift from its high-price lineup. Analysts say the move could broaden EV adoption and pressure rivals, as markets respond to strong electrified sales and growing competition.
Major automakers have pulled several electric models and cancelled projects after federal tax credits ended in 2025, while Q2 2026 US EV sales have recovered sequentially to about 247,226 units. Higher fuel prices, state rebates and low‑cost entrants such as Slate, Fiat Topolino and Chinese brands in Europe are reshaping supply, pricing and consumer demand.
Rivian plans a public offering to raise about $1.5 billion while ChangXin Memory Technologies priced its Shanghai IPO at 8.66 yuan per share, potentially raising up to 66.6 billion yuan. The offerings come as Rivian aims to fund a loan-related equity contribution and ChangXin expands its market presence on STAR Board.
Ford has integrated Apple Maps directly into its universal electric vehicle platform, starting with a $30,000 midsize truck due in 2027. The move, part of Ford’s push for affordability and a simplified tech stack, will power navigation, EV routing, and battery preconditioning, with Latitude AI using map data for a next-gen hands-free system. Apple Maps runs natively in-vehicle, not via CarPlay, and aims to streamline features like home automation and fleet routing.
Lucid Motors has denied bankruptcy or going-private reports. It says liquidity remains strong enough to fund operations into 2027, with AlixPartners reviewing the business to improve execution and focus on the Gravity SUV. The firm has undergone leadership and workforce changes amid ongoing restructuring.
A wave of updates across Uber, Waymo, Baidu, and others is redefining autonomous-vehicle deployment in major markets. Partnerships are shifting, apps are expanding beyond rides, and regulators are sharpening standards. The evolving ecosystem is accelerating, with major players preparing for broader rollout in 2028 and beyond.
A review of recent automotive pieces shows evolving sentiment around hybrid performance, affordability, and simplified interiors in new trucks and SUVs. Updates highlight continued experimentation with powertrains and consumer-focused pricing in 2026 models.
A wave of Chinese automakers is expanding into Europe and the UK, challenging traditional premium brands. Zeekr, BYD and others are pursuing UK launches while major players like Geely, Volvo and Lucid push into premium segments. European and US automakers are restructuring to cope with China’s rising export power and shifting supply chains.
Public market debut of Jersey Mike’s raises about $1 billion at a $7.3 billion valuation. Blackstone introduces broad employee ownership for corporate staff, while franchisees and store workers remain ineligible. Reformation mirrors a cautious IPO environment with steady demand but muted first-day gains. The wave of private equity-backed listings shows resilience amid volatile markets.
Lucid Motors has postponed the Cosmos midsize EV to the second half of 2027 as part of a broader leadership overhaul and cost-cutting plan. The company reports a Q2 loss of about $1.26 billion with liquidity of roughly $3 billion and is tightening governance, cutting thousands of jobs, and delaying product launches to fix quality and manufacturing issues.
SpaceX plans to build a terrestrial cellular layer using EchoStar spectrum alongside its Starlink satellite network, aiming to challenge AT&T, Verizon and T-Mobile. The move follows a wave of satellites and small base stations, promising better coverage and higher bandwidth.
A digest of recent car industry moves: Rivian adds captain’s chairs in updated models; Ford explores new sub-$30k entry crossovers and a cheaper four-door pickup; 2026 cancellations signal potential discounts; rear-camera glitches prompt safety concerns; Mazda explores a new EV-based 6e with long range.
Chinese regulators have announced recalls affecting more than four million vehicles, largely driven by safety concerns over hidden, electronically operated door handles. Tesla has accounted for about 2.98 million cars; Xiaomi, Leapmotor, Xpeng and Geely are also recalling vehicles. Automakers will add warning labels and push software updates to improve emergency egress and driver monitoring.
This week has seen a string of new and updated cars: Skoda has launched the Epiq, its smallest electric SUV from £24,950; Mercedes has introduced a seven‑seat electric GLB with an 85kWh battery and up to 379 miles claimed range; Bentley has previewed the Torcal EV and a lighter Supersports coupe; Rivian has rolled out a smaller R2 SUV; Suzuki and Volvo have updated compact models and added full‑EV versions; Chinese brands Leapmotor and Toyota have new affordable EVs. Reviews highlight trade‑offs in range, ride and interior packaging.
Major moves in autonomous mobility involve Bolt and Lucid, May Mobility, and Lyft-Waymo partnerships, with deals aimed at scaling fleets, public listings, and international expansion.
Ford and GM are expanding gasoline and V-8 options for 2027 pickups while trimming some features to cut prices. Ford adds a towing-capable BlueCruise on the F-150; GM rolls out new Small Block V-8s and a refreshed Silverado/Sierra lineup. The shift comes as regulators and markets weigh the future of electrification against demand for traditional powertrains.