WASHINGTON — After years of working with emerging technologies in the automotive sector, Paccar Inc.’s new chief technology officer sees a similar transformation unfolding in the commercial truck market.
July 30, 2021Search
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DOE Awards $60 Million for Zero-Emission Truck, Car Projects
The U.S. Department of Energy announced July 28 that it has directed $60 million toward projects meant to reduce emissions in trucks and cars.
July 30, 2021Elon Musk Denies Talking Apple-Tesla Merger With Tim Cook
Tesla Inc. CEO Elon Musk said July 30 that he never met with Apple Inc. about a potential takeover and slammed the tech giant’s App Store fees, calling them a “global tax on the internet.â€
July 30, 2021Hyliion to Make Hypertruck ERX Variant Its First to Market
Electrified powertrain provider Hyliion Holdings Corp. announced that a long-range variant of its Hypertruck ERX system will be the first version of the technology it brings to market.
July 30, 2021Nikola Founder Trevor Milton Charged With Misleading Investors
NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic.
July 29, 2021US Senate Transportation Policymakers Press for Pipeline Security
The leaders of the U.S. Senate’s freight committee called on the Biden administration, congressional colleagues and private industry stakeholders to enhance security operations following the cyberattack on Colonial Pipeline.
July 28, 2021Lordstown May Raise Millions From Investment Fund
Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.
July 26, 2021After Chip Crisis, Is Battery Shortage Next?
Rising demand from electric vehicles and challenges in securing raw materials will deliver a battery supply crunch for automakers already grappling with a chip crisis, according to a key Chinese manufacturer.
July 23, 2021EV Pickup Truck Maker Rivian Plans Second US Factory
Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., is looking for a location for a second assembly plant in the U.S. before it has produced its first vehicle.
July 22, 2021EV Startup Lucid’s SPAC Deal in Jeopardy
The blank-check company seeking to buy electric-car startup Lucid Motors Inc. made a last-minute appeal for retail shareholders to vote for the deal amid signs that it’s struggling to win their approval.
July 22, 2021