Zoox

Several unions and labor groups on Thursday wrote to the U.S. Department of Transportation and the National Highway Traffic Safety Administration (NHTSA) pressing for open investigations into automated vehicle operators including Waymo, Zoox and Beep. The call comes on the heels of NHTSA’s...

Apple Inc (NASDAQ:AAPL) has reportedly ramped up the hiring of drivers registered for testing autonomous driving features on public roads in California. What Happened: According to the California DMV, Apple has increased the number of drivers for testing its autonomous vehicles to 201 while...

U.S. markets closed mixed on Monday as investors and traders turned their attention toward Federal Reserve Chair Jerome Powell's testimony before Congress on Tuesday and Wednesday. The Nasdaq Composite closed 0.11% lower while the S&P 500 gained 0.07%. The Dow closed 0.12% higher. Meanwhile,...

The company most known for its Roomba robot vacuum, iRobot Corporation (NASDAQ: IRBT), will be acquired by Amazon.com, Inc (NASDAQ: AMZN) for $1.7 billion as the largest e-commerce corporation in the world expands its selection of personal and home electronics items. Amazon announced that it will...

Electric vehicle company Tesla Inc (NASDAQ: TSLA) has been laying off some of its salaried workers, a move that CEO Elon Musk previewed earlier this year. A new report shows exactly where those former employees have found new work, including several of Tesla’s rivals. What Happened: Musk...

Amazon.com (NASDAQ: AMZN) spent over $1 billion to acquire autonomous company Zoox earlier this year. The unit showed off its robotaxi platform on Monday. What Happened: Zoox debuted a carriage-style vehicle that it said could offer autonomous robotaxi services. The vehicle has over...

Tesla Inc (NASDAQ: TSLA) has sued rival electric vehicle startup Rivian Automotive Inc. for allegedly poaching its employees and stealing secrets, Bloomberg reported late Wednesday. What Happened The Elon Musk-led automaker says there is an “alarming pattern” of...

Amazon Inc (NASDAQ: AMZN) plans on awarding $100 million in restricted stock to Zoox employees to induce them to continue working at the startup post-acquisition, according to a Reuters report Thursday. What Happened The e-commerce company announced its intent to purchase...

Amazon.com (NASDAQ: AMZN) has agreed to acquire self-driving startup Zoox Inc for the reported amount of $1 billion. The company has not confirmed the amount of the transaction reported by The Information. The deal is subject to customary closing conditions. Zoox is ...

Amazon.com, Inc. (NASDAQ: AMZN) is in late-stage talks to acquire Zoox, a budding robo-taxi service. Zoox’s hardware and software assets could be a boon for Amazon, but a bane for automotive players fighting to retain market share. Morgan Stanley analysts led by Adam Jonas maintained an...

Silicon Valley-based startup Zoox on Tuesday agreed for reconciliation with Tesla Inc. (NASDAQ: TSLA) over the latter's claims of wrongful possession of proprietary information. What Happened In March 2019, Tesla had charged four of its former employees and Zoox of stealing...