Nissan shares jumped after the Financial Times reported that a high-level Japanese group has drawn up plans to seek investment from Elon Musk’s Tesla Inc. to aid the struggling carmaker.
February 21, 2025GovernmentBusinessEquipment
Stellantis Pauses Jeep Compass, Ontario Plant Operations
The Brampton plant, which employed about 3,000 workers, is currently being retooled to build electric and and gas-powered vehicles for the Jeep brands.
February 20, 2025GovernmentBusinessTechnologyEquipmentFuel
Rivian Reports Profit but Cuts 2025 EV Sales Forecast
Rivian Automotive said its electric-vehicle deliveries this year will fall short of Wall Street estimates as potential policy shifts in Washington threaten to further dampen EV demand.
February 20, 2025GovernmentBusinessTechnologyEquipmentFuel
InCharge Energy, DLL Team Up on EV Charging Expansion
The companies announced the agreement Feb. 18, saying the goal is to lower financial barriers for organizations looking to transition to electric vehicles.
February 20, 2025GovernmentBusinessTechnologyEquipmentFuel
Nikola’s Collapse Puts SEC’s $80 Million Claim at Risk
The SEC ranked No. 1 on the roster of largest unsecured creditors when Nikola, a failed maker of EV trucks, sought court protection on Feb. 19, with the regulator owed about $80 million.
February 20, 2025BusinessTechnologyEquipmentFuelPrivate
Curtain Falls on Hydrogen Truck Maker Hyzon
Hydrogen fuel cell electric truck manufacturer Hyzon closed its doors Feb. 18, according to an executive, almost exactly four years after promising to produce 40,000 trucks in 2025.
February 19, 2025BusinessEquipment
January Medium-Duty Sales Jump 5.2% Year Over Year
U.S. retail sales of medium-duty trucks started off the year with a slight uptick compared with January 2024, according to data from Wards Intelligence.
February 19, 2025GovernmentBusinessEquipmentLogistics
Jaxport Finishes Roll-On/Roll-Off Cargo Berth to Add Capacity
The Jacksonville Port Authority has completed half of a $60 million project to increase capacity for vehicle shipments after finishing a project at Blount Island Marine Terminal.
February 19, 2025GovernmentBusinessTechnologyEquipment
Japan Broaches Car Tariffs With US as Trump Threatens Hikes
Japan has raised the issue of auto tariffs with the U.S. after President Donald Trump threatened to impose a 25% levy on car imports, a move that would deliver a big blow to Japan’s economy.
February 19, 2025BusinessTechnologyEquipmentFuel
Nikola Declares Bankruptcy, Will Sell Off Assets
The company said it plans to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. A stalking horse bidder will be sought.
February 19, 2025