The challenge for emerging battery-electric technologies is the systems have not yet demonstrated benefits that will drive the commercial vehicle market’s adoption of them, Cummins Inc.'s CEO said.
February 10, 2021Search
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Amazon-Backed Rivian Aims for IPO This Year
Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc. and Ford Motor Co., is looking to go public as soon as September at a valuation of about $50 billion and perhaps more, according to people familiar with the matter.
February 10, 2021Plus Signs Agreement for Lidar Sensors From Ouster
Plus, a developer of automated truck technology, announced Ouster Inc. will provide its digital lidar sensor to outfit key elements of Plus’ automated truck system.
February 10, 2021Apple More Than Doubled Autonomous Road Tests in 2020
Apple Inc. more than doubled road testing of its self-driving cars in 2020 as its autonomous technology improved, according to a report filed with the California Department of Motor Vehicles.
February 9, 2021ZF Expands US Transmission Production
ZF Friedrichshafen AG announced it is investing $200 million in commercial vehicle transmission manufacturing in North America.
February 9, 2021Aurora Partners With Toyota in Bid to Bring Autonomy to Masses
Aurora Innovation Inc., a Silicon Valley-based autonomous-driving startup with at least a $10 billion valuation, has agreed to a long-term strategic partnership with Toyota Motor Corp. and its supplier Denso Corp. that aims to mass produce autonomous vehicles and launch them on ride-hailing networks, including Uber’s, over the next few years.
February 9, 2021Uptake Expands Beyond Trial With PepsiCo
Uptake Technologies Inc. announced that the U.S. beverage and Frito-Lay divisions of PepsiCo have begun using its predictive maintenance software beyond the four-month trial period.
February 9, 2021DTNA Announces Detroit Brand ePowertrain
Daimler Trucks North America announced its proprietary Detroit ePowertrain for the upcoming Freightliner eCascadia and Freightliner eM2 models, and plans a $20 million investment in its Detroit brand manufacturing facility that will serve as the North American source of Detroit ePowertrain components.
February 9, 2021Hyzon SPAC Merger Includes $400 Million Investment
Fuel cell truck startup Hyzon Motors Inc. agreed to a merger with blank-check company Decarbonization Plus Acquisition Corp. in a deal that values the two combined at more than $2 billion.
February 9, 2021Bitcoin Surges to Almost $45,000 After Tesla Discloses Purchase
Bitcoin surged to an all-time high after Tesla Inc. said it has invested $1.5 billion, the biggest endorsement of the controversial cryptocurrency by a mainstream company.
February 8, 2021