Almost a decade ago, Volvo drove into the modern era by going big. Literally. The second-generation XC90 crossover that launched in 2015 helped reset a brand associated with boxy station wagons by offering innovative hybrid engines, striking styling and a big tablet center screen that felt right out of the Tesla playbook. Now, the car…
Ford said it will triple production capacity of its all-electric F-150 Lightning pickup truck following a six-week shutdown to expand and retool its Rouge Electric Vehicle Center. With the factory facelift complete, Ford said it’s scheduled to build more than 70,000 F-150 Lightning trucks in 2023 with production for U.S. customers expected to ramp in…
The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by more than half since original investment, according to an analysis of its filings. Vanguard cut the worth of its shares in Ani Technologies, Ola’s holding firm, by 51.6% as of the end of May, it…
When Google had its unpleasant realization that it had been complacently spinning its wheels on a form of fake AI for a decade, chances are it started realigning itself that day. And it sounds like Assistant itself is now getting a generative face-lift, according to an internal email reported by Axios. The email says that…
Observability and security platform Dynatrace today announced that it plans to acquire Rookout, a Tel Aviv-based observability startup that focuses on helping developers troubleshoot and debug their code in production. Publicly traded Dynatrace already offers a comprehensive suite of observability tools, but the addition of Rookout will allow it to expand these services with code-level…
It can be difficult to differentiate oneself in the crowded mechanical keyboard market. The variety of providers and customization options means there’s something for everybody. But retro gaming controller outfit 8BitDo has created something original, and highly alluring to nostalgia fiends like yours truly. You might recognize 8BitDo’s name from their reimagined versions of controllers…
The battle between two of China’s largest e-commerce firms is heating up, as they take the cutthroat tactics that have long been around in the country to the international markets they both covet. Chinese e-commerce deals giant Pinduoduo’s affiliate, Temu, which is aggressively expanding overseas, recently filed a court document in the U.S. accusing fast…
Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took place in recent days and Tiger Global, which has cashed most of its Flipkart shares earlier, overall made a return of $3.5 billion on an…
Lately I’ve been thinking about media publishing startups (think Semafor and Puck) and their fundraising rounds. Semafor recently raised a $44 million seed round, and Puck raised a $7 million Series A in 2021. The Messenger, among the newest in the industry, recently raised $50 million. Publishing media jobs are uncertain, pushing those with an…
In this week’s edition of The Interchange, we get into M&As in the fintech space as AngelList nabbed a startup and Uplift got bought for less than it raised in venture funding. We get into those deals and much more. Want to receive this in your inbox every Sunday? Sign up here. Shopify’s credit bet,…
