The American automaker General Motors (GM) is surely stepping up its electric vehicle game on the backs of its plan to spend $27 billion on electric and autonomous vehicle development from 2020 through 2025. It's just unveiled two new additions to its growing electric car lineup, a usual hatchback and a new compact SUV from its popular Chevy Bolt brand. The new electric vehicles from GM are 2022 models, meaning they'll go into production later this year. With the lineup, GM dropped a surprise with a new Chevy Bolt electric utility vehicle (EUV), essentially a compact SUV. It's the first compact SUV to come from the Chevy Bolt brand and represents GM's bigger rush into the electric vehicle market, with plans to launch 30 new EVs by 2025. GM 2022 redesigned Bolt EV (left) and Bolt EUV (right). Chevy Bolt EUV The 2022 Chevy Bolt EUV is notably the first vehicle from the Chevrolet brand to feature GM's 'Super Cruise' driver assistance system. It's similar
A very big new acquisition has happened in the tech industry, with Okta (NASDAQ: OKTA), the publicly-traded cloud identity and access management software provider, announcing an agreement to buy Auth0, a fellow cloud identity software provider, for a price of $6.5 billion to be paid all with shares. A $6.5 billion exit for Auth0 marks a major win for the startup scene in Seattle, the tech hub where Auth0 is based and also a major win for the company's backers and investors. Auth0 last raised venture funding last year in July with a $120 million Series F round that valued the company at $1.9 billion. Now, it's about to sell for more than triple that amount. Auth0 has raised more than $330 million in total venture funding, with investors including the likes of Salesforce Ventures, Bessemer Venture Partners, Telstra Ventures, Sapphire Ventures, and DTCP. Salesforce Ventures led Auth0's most recent $120 million Series F round. With its acquisition of a fellow cloud identity a