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Northvolt Rescue on Verge of Unraveling as Cash Runs Short

Northvolt is scrambling to pull together emergency funding after a previous plan fell apart, according to sources, leaving the battery maker with dwindling options as it runs low on cash.

November 15, 2024

Mack to Launch New Flagship Semi in 2025

Whether the tractor will be an update of Mack’s existing on-highway flagship, the Anthem, or a new model altogether is unclear.

November 15, 2024

Cruise Admits to Falsifying Report Over 2023 Crash

Autonomous vehicle maker Cruise has admitted to a federal charge and agreed to pay a $500,000 fine in connection with a crash last year involving one of its vehicles that left a person injured.

November 15, 2024

Driverless Tech Firm Pony.ai Seeks Up to $195 Million in IPO

Pony.ai Inc. is looking to raise as much as $195 million from its U.S. initial public offering as automotive-related companies lead a modest pickup in Chinese listings.

November 15, 2024

Volvo Aims to Raise Share of North American Truck Market

Volvo Trucks is targeting a 25% North American heavy-duty truck market share by 2030, according to executives at the company.

November 15, 2024

Truck Maker Nikola Trims 135 Staff in Cost-Cutting Move

Truck maker Nikola recently reduced staffing levels as it seeks to control costs.

November 14, 2024

Samsara-Motive Trade Secrets Litigation Enters New Phase

The ongoing legal battle between rival trucking technology vendors Samsara and Motive has entered a new phase as the former has filed additional litigation.

November 14, 2024

CARB Rules Seen as Hindrance to Obtaining New Diesel Vehicles

Zero-emission vehicle sales in California over the past two years have been better than anticipated, but the transition to EVs has left some dealers challenged to obtain new diesel trucks.

November 14, 2024

Five States Seek CARB Delays When Regs Take Effect in 2025

Truckers and legislators in half of the 10 states that automatically adopted California’s Advanced Clean Trucks regulation are trying to put the brakes on before the 2025 rules take effect.

November 14, 2024