Uber Technologies Inc.’s former Chief Executive Officer Travis Kalanick is stepping down from the board, severing his last ties to the company he co-founded a decade ago and helped become one of the world’s most valuable, and controversial, startups.
December 27, 2019Search
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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.
GM, Tesla Head for New Year Without Electric Vehicle Tax Credits
General Motors Co. and Tesla are about to become the first automakers that will have to sell EVs without the benefit of a $7,500 federal tax credit.
December 27, 2019Rust Belt Region Banks on Becoming Hub for Electric Vehicles
The day Youngstown’s steel mills began shutting down 40 years ago remains fresh in the minds of those who live in the blue-collar corner of Ohio. Community leaders don’t want the recent closing of General Motors’ massive assembly plant to leave that same lingering gloom.
December 27, 2019Drones Need Tracking Network for Expanded Flights, FAA Says
All but the smallest civilian drones would have to broadcast radio tracking data to ensure greater safety and prevent terrorism under a sweeping proposal unveiled by U.S. regulators Dec. 26.
December 27, 2019Amazon Leads S&P 500 After Reporting ‘Record’ Holiday Sales
Amazon.com Inc.’s stock had the biggest advance on the S&P 500 Index after the e-commerce giant said its holiday season this year was “record-breaking,” with billions of items shipped and “tens of millions” of Amazon devices like the Echo Dot sold.
December 27, 2019Electric-Truck Maker Rivian Raises $1.3 Billion in New Funding
Rivian Automotive Inc., the electric truck maker already backed by Amazon.com and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.
December 23, 2019Tesla Tops Elon Musk’s $420 Milestone for First Time
Tesla Inc. climbed above $420 for the first time Dec. 23 as fresh financing arranged from banks in China added to optimism supporting a monthslong rally.
December 23, 2019Volvo Taps Nils Jaeger to Lead Autonomous Unit
Volvo Group appointed Nils Jaeger president of its new autonomous solutions business unit.
December 20, 2019Stakeholder Comments Mostly Endorse Trading Rearview Mirrors for Camera Systems
Despite some cautionary notes, public comment on a National Highway Traffic Safety Administration advanced notice of proposed rulemaking largely favored permitting camera-based, rear-visibility systems to replace mirrors on light vehicles and heavy trucks.
December 20, 2019NTSB Cites Lithium Battery Fire in Deadly Crash
A speeding teenage driver caused the fatal crash of a Tesla Inc. vehicle in Florida in 2018 and the subsequent fire in the electric car’s battery contributed to the severity of his injuries, a federal investigation concluded.
December 20, 2019