The announcement comes at the tail end of a procession of other automakers jumping on the charging standard, following Tesla’s announcement last year that it was opening up access.
Ford added that its next generation of EVs would be integrated with Tesla’s charge port called the North American Charging Standard (NACS) starting in 2025.
Since then, major automakers such as GM, Rivian, Honda, Mercedes, Hyundai, Kia, Toyota and most recently Subaru followed with their own announcements to leverage Tesla’s charging standard.
Lucid, a smaller luxury EV company, announced in November it would adopt the NACs standard.
The company has previously told TechCrunch it is evaluating the charging standard.
Adobe’s $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans.
First announced in September last year, the deal was always going to attract regulatory scrutiny due to the size of the transaction and the fact that it took one of Adobe’s major rivals out of the picture.
Irrespective of that outcome, the two companies were already facing significant headwinds in Europe.
As a result of all this, Adobe will now have to pay Figma a termination fee of $1 billion, which was contractually payable in the event of the transaction failing to attain regulatory clearance — or if it failed to close within 18 months of the acquisition’s announcement last September.
That 18-month stipulation hadn’t yet been reached, and no regulatory body had actually announced their final findings — but Adobe and Figma clearly saw no way through this, and with the DoJ also weighing up regulatory action, in the end it just made more sense to pull the plug on the deal entirely.
Opendoor co-founder Eric Wu is stepping down to return to his startup rootsOpendoor co-founder Eric Wu is stepping down from the real estate tech company, according to an SEC filing.
In a statement, Wu said: “After ten years, I am called to get back to my startup roots and create and build again.
Last December, Wu announced he was stepping down from his role as CEO to serve as Opendoor’s president of marketplace.
In November 2022, Opendoor announced it was letting go of about 550 people, or 18% of the company, across all functions.
Jack Altman also announced he would be stepping down from Lattice, a software startup he founded in 2015.
