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Rivian Reports Profit but Cuts 2025 EV Sales Forecast

Rivian Automotive said its electric-vehicle deliveries this year will fall short of Wall Street estimates as potential policy shifts in Washington threaten to further dampen EV demand.

February 20, 2025

Nikola’s Collapse Puts SEC’s $80 Million Claim at Risk

The SEC ranked No. 1 on the roster of largest unsecured creditors when Nikola, a failed maker of EV trucks, sought court protection on Feb. 19, with the regulator owed about $80 million.

February 20, 2025

Curtain Falls on Hydrogen Truck Maker Hyzon

Hydrogen fuel cell electric truck manufacturer Hyzon closed its doors Feb. 18, according to an executive, almost exactly four years after promising to produce 40,000 trucks in 2025.

February 19, 2025

January Medium-Duty Sales Jump 5.2% Year Over Year

U.S. retail sales of medium-duty trucks started off the year with a slight uptick compared with January 2024, according to data from Wards Intelligence.

February 19, 2025

Jaxport Finishes Roll-On/Roll-Off Cargo Berth to Add Capacity

The Jacksonville Port Authority has completed half of a $60 million project to increase capacity for vehicle shipments after finishing a project at Blount Island Marine Terminal.

February 19, 2025

Japan Broaches Car Tariffs With US as Trump Threatens Hikes

Japan has raised the issue of auto tariffs with the U.S. after President Donald Trump threatened to impose a 25% levy on car imports, a move that would deliver a big blow to Japan’s economy.

February 19, 2025

Nikola Declares Bankruptcy, Will Sell Off Assets

The company said it plans to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. A stalking horse bidder will be sought.

February 19, 2025

Trump Signals 25% Tariffs on Auto, Tech, Drug Imports

President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.

February 18, 2025

Ford Slashes Middle Manager Stock Awards to Trim Costs

Ford Motor Co. is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker confronts declining profit and high costs.

February 18, 2025