Nikola Corp. has agreed to acquire energy-storage technology company Romeo Power for about $144 million, the Phoenix-based electric vehicle maker announced Aug. 1.
August 2, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Aurora Adds Fourth Fleet Partner for Autonomous Pilot
Autonomous technology developer Aurora Innovation Inc. and Schneider National Inc. have announced a commercial pilot effort to haul freight for Schneider’s customers with Aurora Driver, Aurora’s autonomous technology.
August 1, 2022Amazon Starts Same-Day Deliveries From Stores in Metro Areas
Amazon.com Inc. has started delivering items from brick-and-mortar stores in a dozen metro areas, the e-commerce giant’s latest effort to make more products available for speedy delivery.
August 1, 2022Tesla Signs Battery Materials Deals With Two China Suppliers
Tesla Inc. has signed new long-term deals with two of its existing Chinese battery-materials suppliers, the latest move by automakers to secure supplies amid intensifying competition.
August 1, 2022Musk-Twitter Trial to Start Oct. 17
Twitter Inc.’s lawsuit against Tesla CEO Elon Musk over a canceled $44 billion buyout of the social media platform is set for a five-day trial starting Oct. 17 in Delaware, a judge ruled.
July 29, 2022Congress Approves Semiconductor, Supply Chain Bill
Legislation to boost domestic semiconductor manufacturing while improving freight access along the nation’s supply chains was sent to President Joe Biden’s desk July 28.
July 28, 2022C.H. Robinson Reports Record Profits for Q2
C.H. Robinson Worldwide Inc. on July 27 reported record second-quarter profits as a strong pricing environment lifted results.
July 28, 2022The Glider Truck Is Gone, but Not Forgotten
In its heyday, Fitzgerald Glider Kits was the nation’s top glider truck manufacturer, building and selling thousands of the new truck cab bodies powered by older rebuilt engines.
July 28, 2022Senate Deal Includes EV Tax Credits Sought by Tesla, Toyota
A breakthrough deal between Sens. Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles, a big win for EV makers such as General Motors Co., Tesla Inc. and Toyota Motor Co.
July 28, 2022Rivian to Cut 6% of Its Workforce
Rivian Automotive Inc. is cutting about 6% of its workforce and simplifying product plans, saying the economy has made it harder for the electric vehicle maker to raise money to build up production.
July 27, 2022