Just months after becoming a publicly traded company, Nikola Corp. reported that net losses widened versus year-ago levels as the company continues investing in the buildup toward the introduction of its electric trucks.
August 5, 2020Search
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Anthony Levandowski Sentenced to 18 Months in Prison
Autonomous driving engineer Anthony Levandowski was ordered to spend 18 months in prison for stealing trade secrets from Google as he defected to Uber Technologies Inc., in one of the highest-profile criminal cases to hit Silicon Valley.
August 4, 2020Senate Panel to Consider USDOT IG Nominee Eric Soskin
President Donald Trump’s nominee to lead the U.S. Department of Transportation’s internal watchdog division is scheduled to appear before a Senate panel Aug. 6.
August 4, 2020Eaton Posts Q2 Operating Loss in Vehicle Unit
Power management company Eaton Corp. reported sharp drops in net income and revenue in the second quarter as the novel coronavirus pandemic cut vehicle production at key customers.
August 4, 2020DOT Funds Four New University Transportation Centers
The U.S. Department of Transportation announced $4.9 million in funding has been awarded to support four new University Transportation Centers.
August 4, 2020Ford to Promote Farley to CEO After Hackett’s Failed Turnaround Bid
Ford Motor Co. will promote Jim Farley to CEO on Oct. 1 to replace Jim Hackett, who has elected to retire after his three-year bid to turn around the automaker failed to gain traction.
August 4, 2020HDMA President, COO Tim Kraus Plans to Retire
Heavy Duty Manufacturers Association President Tim Kraus plans to retire early next year, the organization announced Aug. 3.
August 3, 2020SAF-Holland to Supply Air Suspension for VW E-Delivery Truck in Brazil
SAF-Holland announced it has been selected to supply the rear-drive air suspensions for the new VW electric delivery truck in Brazil.
August 3, 2020Penske Truck Leasing Adds Core-Mark as EV Customer
Penske Truck Leasing announced longtime customer Core-Mark Holding Co. deployed one of Penske’s Class 8 battery-electric Freightliner eCascadias into its fleet.
August 3, 2020Lordstown Motors Goes Public Following Reverse Merger
Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will be listed on the Nasdaq and gain an infusion of $675 million through a merger with a publicly traded funding vehicle.
August 3, 2020