Ford this morning said it’s separating its electric vehicle and internal combustion businesses into separate units. Why it matters: The creation of distinct business lines — called “Model e” and “Ford Blue” — underscores how auto giants are reorienting around EV development. Get market news worthy of your time with Axios Markets. Subscribe for free. How it works: Ford said the two units would be “strategically interdependent” and share relevant tech. Together with the Ford Pro commercial services line launched last year, Ford said the three units will begin to separately report profits and losses in 2023.
The looming shutdown of 3G networks won’t just impact older phones.
With AT&T’s 3G network shutting down next week, and other carriers following suit later this year, a range of products require updates to continue working, including some home alarm systems, medical devices such as fall detectors, and in-car crash notification and roadside assistance systems such as General Motors’ OnStar.
Just as many mobile carriers have urged customers to swap their older 3G iPhones, Android phones, e-readers and other handheld devices for newer models ahead of the shutdown, other businesses are urging customers to upgrade or replace some of the everyday products and services in their homes and cars before they drop connectivity.
Russian President Vladimir Putin has been preparing for the war in Ukraine in plain sight, said Russian Chess grandmaster Garry Kasparov. He added that the Russian invasion of Ukraine could have been avoided had Western countries listened to what Vladimir Putin had been saying. In an exclusive interview with India Today, Kasparov said, “Back in 2007 at the Munich Security Conference, he [Putin] had talked about spheres of influence. He wanted the world to be divided in the fashion of the past where big countries dictated to smaller countries how to behave. “Putin has been preparing for the war in Ukraine in plain sight. He bought his Pacific fleet to the Black Sea. Russian forces have now surrounded Ukraine from all sides.“ The 58-year-old former World Chess Champion, however, said that what is happening in Ukraine now is a deviation from Russia’s plans. “Russia failed to take over Kyiv in two or three days as planned. The heroic defence by Ukrainians has harmed Putin’s image as an invincible leader,” Kasparov said. Watch the exclusive interview.
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While college tuition rises, businesses like Google are offering their own credentials — for a lot less. It might be the educational model we’ve needed for decades.
The invasion was met with sharp rebuke from the United States, the European Union and NATO allies, with broad, unprecedented financial and diplomatic sanctions promised against Russia, sanctions that are likely to affect business, trade and finance across the region.
The impacts of the invasion are also, undoubtedly, being felt across Ukraine’s wider tech ecosystem, which includes not only hundreds of startups and larger tech firms, but also research and development offices for some of the world’s biggest technology brands.
As the situation on the ground changes rapidly over the next few hours and days, TechCrunch will continue to bring news and analysis on how the conflict unfolds across the tech and startup community.
The science of human hibernation and ‘torpor’ may soon catch up with science fiction, not only facilitating space travel but potentially helping treat cancer.
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LG’s solar business panel business joins the company’s smartphone business in the graveyard, with the latter business being canned last April as it could not compete with other smartphone brands in the market. Prior to the smartphone business closing shop, it had recorded 23 consecutive quarters of loss.
The decision was approved by the board of directors on Monday night, LG said.
LG’s solar panel production will start winding down next month, the company said, with the business to officially shut down at the end of June.
They’re focusing on cargo transport instead of passengers. So they’re downsizing.
Virgin Hyperloop has fired 111 of its employees as it abandons the idea of making its system ready for passenger use. The Financial Times is reporting that the company is exclusively focusing on moving cargo, and has slashed almost half of its total workforce. A spokesperson confirmed to the paper that the shift in business was taking place, with supply chain issues and COVID contributing to the change.
Since its inception, the company has been developing its vacuum-tube system to carry both passengers and freight. One of the earliest concepts VH floated was an “inland port,” in which cargo vessels would put containers onto capsules that are shot inland before they’re processed. That way, the main logistics hub wouldn’t need to be beside the sea, and could instead be at the heart of a transit hub closer to customers.
It’s something that encouraged DP World, the Dubai-owned ports and logistics giant, to invest in the technology. It currently holds a majority stake in Virgin Hyperloop and in 2018 launched “Cargospeed,” as a sub-brand dedicated to moving cargo. VH has, however, been in something of a spin for the last few months after former head Josh Giegel, one of two people to actually travel in a pod, quit the company.
Theories on how to build a space elevator have been around for decades. Scientists say not only would such technology change humanity, but that we could have built one by now.
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Michelin has been working with General Motors to develop airless tires that will be sold on a next-generation Chevrolet Bolt electric car, expected to go on sale in the next few years, a Michelin executive said. It could mark the decline of over 130 years of tire tradition but also the end of one of the most annoying aspects of car ownership: keeping air in the tires.
“We want to bring the next generation of the Chevrolet Bolt with airless tires,” Alexis Garcin, president of Michelin North America said in an interview with CNN Business, “and it’s going to happen now in the next three to five years.”
