Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber. Alphabet is leading a $1 billion investment in Lyft.
The hybrid Polestar 1 promises a range of 95 miles on a charge, with a gas-powered engine to supplement that if needed. It will be produced at a factory in western China and released in 2019.
According to Uber board member Arianna Huffington, Uber and SoftBank may reach an agreement very soon on the pricing of a deal that will end with Softbank acquiring a portion of the company.
In a surprise move, Tesla has fired hundreds of workers, including engineers, managers and factory workers, even as the company struggles to expand its manufacturing and product line.
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