Two newcomers to the electric-vehicle market, Nidec Corp. and Foxconn Technology Group’s automobile arm, unveiled an agreement on supplying electric powertrains — the collection of components including the motor, gears and drive shaft that propel a vehicle.
March 18, 2021Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Nikola Partner Hanwha to Sell 50% of Stake in EV Startup
Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its intention to liquidate half of its holdings in the troubled electric truck startup.
March 18, 2021Lordstown Motors Sets Debut Report Without EV Pickups to Show Off
Lordstown Motors Corp.’s first-ever quarterly report is likely to be overshadowed by broader concerns about customer demand and progress on getting production going at the electric-vehicle startup.
March 17, 2021BMW Ramps Up Move to Electric Cars
FRANKFURT, Germany — BMW intends to speed the rollout of new electric cars, vowing to bring battery-powered models to 50% of global sales by 2030, the German automaker said March 17.
March 17, 2021Rivian to Open Brooklyn Showroom
Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc., has signed a lease in Brooklyn for its first New York City retail store.
March 17, 2021ATRI Report: National VMT System a Costly, Complex Proposition
The administrative costs of a national vehicle-miles-traveled fee system represent a more complicated picture than the costs associated with financing mechanisms such as the federal fuel tax, according to a recent analysis from the American Transportation Research Institute.
March 17, 2021Intel, Ford Urge Tax Benefits for Chips, US Manufacturing
Foreign producers of semiconductors, electric car batteries and pharmaceuticals will continue to squeeze U.S. manufacturing unless Congress provides more incentives for domestic production, representatives from Intel Corp. and Ford Motor Co. said March 16.
March 16, 2021Hino Turns to Cummins Diesel Engines for US, Canada
Hino Trucks announced it intends to produce model year 2022 Classes 6-8 trucks for the United States and Canada equipped exclusively with diesel engines from Cummins Inc.
March 16, 2021VW Shares Soar on Plans to Beat Tesla
Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back days of briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.
March 16, 2021Continental Bets on Automated-Driving Growth in Unit Overhaul
Continental AG will create a dedicated unit for its self-driving technology as the German automotive supplier hopes to benefit from rising sales for electric cars filled with electronic gadgetry.
March 16, 2021