Battery recycler Ascend Elements files for bankruptcy

Battery recycler Ascend Elements files for bankruptcy

Ascend Elements said on Friday it has started Chapter 11 bankruptcy proceedings in the U.S., a heavy blow to investors who had sunk nearly $900 million into the company.  Linh Austin, Ascend’s CEO, announced the decision in a post on LinkedIn late Thursday night. He said the company faced “insurmountable” financial challenges. Ascend’s filing comes…

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Volkswagen begins testing its self-driving microbuses in Los Angeles ahead of launch with Uber

Volkswagen begins testing its self-driving microbuses in Los Angeles ahead of launch with Uber

Volkswagen subsidiary MOIA America and Uber have started testing autonomous microbuses in Los Angeles, the companies announced Wednesday, the latest step as they prepare to launch a robotaxi service by late 2026. A year ago, MOIA America and Uber unveiled an ambitious plan to launch a commercial robotaxi service — using autonomous versions of Volkswagen’s…

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Why safety regulators closed their investigation into Tesla’s remote parking feature

Why safety regulators closed their investigation into Tesla’s remote parking feature

U.S. auto safety regulators closed its investigation into Tesla’s remote parking feature, known as “Actually Smart Summon,” after finding crashes were rare, at low speed, and not severe. The National Highway Traffic Safety Administration (NHTSA) said in its update on Friday that its closing of the investigation does not constitute a finding that a safety-related…

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