California News and Insights
Today, Dazz, an Israeli startup that specializes in comprehensive security remediation, announced the conclusion of a $50 million fundraising round that was co-led by Greylock and included Cyberstarts, Insight Partners, and Index Ventures. With its most recent investment round, the company has raised $110 million
The cherished Audi RS6 Avant is scheduled for extinction in the near future. Luckily, Audi still intends to build aggressive, high-horsepower estate cars; the RS7 Avant will take the place of the RS6. This wagon rocketship will get major improvements in addition to a new
The CEO of Audi, Gernot Döllner, described the automaker’s plans to introduce new models in 2024 and 2025, noting that the Q6 e-tron’s debut this spring approved Audi’s model initiative. The first teaser of the A5 family’s tail light and rear light bar, which are
In an effort to stabilize its supply chain after a turbulent year, Boeing said on Monday that it will reassert Spirit AeroSystems as a supplier. Spirit’s net debt plus the aerospace giant’s purchase price of around $8.3 billion, or $37.25 per share, will be paid.
As manufacturers of all sizes reevaluate their approaches in a stalling electric-vehicle industry, Rivian Automotive Inc. will receive a much-needed cash infusion through a new cooperation with Volkswagen AG. Plans for a joint venture between the firms were unveiled, with VW contributing an initial $1
With no SUVs, where would BMW be today? The brand may be even more beloved by purists, but accountants in Munich would struggle to analyze the statistics. Over the past few years, the company has grown to become the largest premium manufacturer in the world,
Sources close to the German automaker claim that BMW has approved the new electric i1 and i2 models. The two new models, which are now being developed at the company’s FIZ R&D center in Munich, will be offered for sale later this decade alongside modernized
Audi has unveiled the revamped e-tron model, which includes a range-topping Performance variant with 912 horsepower, new exterior style, a larger battery capacity, and a reduction in overall weight. The e-tron’s improvements are consistent with those made to the Porsche Taycan, which forms the bulk
The chairman of the Federal Aviation Administration intimated that more 737 MAX 9 aircraft production is not imminent when he stated on Thursday that the company has not yet received approval to increase production. Following a three-hour meeting with Boeing, FAA Administrator Mike Whitaker told
Increased capital is flowing into AI-focused firms. DeepL, a company that creates writing and text translation software to rival services like Grammarly and Google Translate, announced on Wednesday that it had raised an extra $300 million. $2 billion is its current post-money valuation. This round,