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$10 Billion Rivian IPO Would Be Seventh-Largest on Record

Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.

November 5, 2021

Sensata Adds EV Charging Products

Sensata Technologies announced new custom-designed high-voltage junction box solutions for charging commercial electric vehicles.

November 5, 2021

Navistar Adds Fleetrite Aftermarket Retail Stores

Navistar Inc. announced its Fleetrite all-makes and models aftermarket truck and bus parts segment opened five more retail locations.

November 5, 2021

DOE Provides $128 Million for Electrified Truck Development

The Department of Energy's Office of Energy Efficiency and Renewable Energy is providing funding to five original equipment manufacturers as part of its SuperTruck 3 initiative.

November 5, 2021

Shipping Firms Seek Investments in Technology to Cut Emissions

GLASGOW, Scotland — Major shipping companies on Nov. 5 called for governments to put more money into researching and developing cleaner technologies to help the industry reduce its greenhouse gas emissions.

November 5, 2021

UPS, TuSimple Expand Partnership

UPS and TuSimple plan to expand their relationship by adding routes where TuSimple will move cargo in autonomous Class 8 trucks in the southeastern and western U.S.

November 4, 2021

Truckers Exempt From Vaccine Mandate, Labor Secretary Says

Truck drivers traveling alone in their cabs are exempt from a new interim final rule mandating that employees for large private companies get COVID-19 vaccinations, according to a statement by U.S. Labor Secretary Marty Walsh.

November 4, 2021

Nikola Expects $125 Million Penalty From SEC

Hydrogen-electric fuel truck manufacturer Nikola Corp. said it took a $125 million charge in the third quarter as it expects to use that money as part of a possible negotiated settlement with the U.S. Securities and Exchange Commission concerning allegations the company’s founder, Trevor Milton, defrauded investors.

November 4, 2021

CVG Fights Headwinds to Improve Net Income, Revenue

CVG, whose business segments include commercial vehicle seating and electrical systems, reported increased net income and revenue for the third quarter as it continued to diversify its customer base.

November 3, 2021