Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related to its acquisition of a stake in Volvo AB in 2018, according to people familiar with the matter.
November 8, 2024Search
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Brian Work of CloneOps.ai discusses where AI agents fit into today’s supply chain workflows and what they might mean for the future of trucking operations.
Nikola Leads Field in Hydrogen Fuel Cell EV Deployment
Hydrogen fuel cell electric vehicles may be envisioned as the future workhorse of a decarbonized longhaul freight sector, but their development has proceeded at a measured pace.
November 7, 2024Newsom Calls Lawmakers to Secure Climate Goals Against Trump
Newsom’s office told the Associated Press that the governor and lawmakers are ready to “Trump-proof” California’s state laws, including those affecting the transportation sector.
November 7, 2024Daimler Truck Q3 Profit Plunges 35% Even as DTNA Sales Gain
The truck maker posted net income of $676.6 million, or diluted earnings per share of 83 cents, in Q3, down 35% from $1.033 billion, or $1.22, in the year-ago period.
November 7, 2024Trump-Musk Alliance May Boost Tesla, Reshape Big Tech
Silicon Valley is bracing for a different relationship with the U.S. government as Donald Trump prepares to return to the White House.
November 6, 2024Eaton Q3 Profit Climbs 13.2% Behind Data Center Growth
Eaton Corp.’s profit climbed 13.2% in the third quarter as revenue growth from data center expansions around the globe provided the biggest boost.
November 6, 2024GM Recalls Chevy Bolts from 2020–2022 Over Battery Fire Risk
This smaller recall from GM comes three years after a larger callback of the all-electric Chevrolet Bolt for a similar hazard.
November 5, 2024US Taps California for CHIPS for America R&D Facility
Sunnyvale, Calif., will host both a research and development semiconductor facility and serve as joint headquarters for Natcast and the National Semiconductor Technology Center.
November 4, 2024Nikola Q3 Losses Halve as Hunt for More Funding Ramps Up
Losses at truck maker Nikola more than halved year on year in the third quarter as a result of record sales, cost cutting and the absence of expenses incurred in the year-ago period.
November 4, 2024Allison Q3 Profit Surges 26.6% on Vocational Truck Demand
Allison Transmission’s profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.
November 4, 2024