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Hyundai Expected to Announce $7 Billion EV Plant in Georgia

ATLANTA — South Korean automaker Hyundai Motor Group is expected to announce next week that it is building an electric vehicle plant near Savannah, Ga., according to a U.S. official familiar with the anticipated announcement.

May 13, 2022

More Steps Needed to Reach Zero-Emission Future, Executives Say

LONG BEACH, Calif. — Top executives at some of the largest companies in trucking said many factors must come together before the industry can fully advance toward a zero-emission future.

May 12, 2022

Ban on ā€˜Excessive’ Gas Prices Heading for House Vote

The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at ā€œexcessiveā€ prices illegal under legislation House Democrats plan to bring to the floor next week.

May 12, 2022

Cummins to Build Fuel Cells for Freightliner Cascadia

LONG BEACH, Calif. — Cummins Inc. will supply market leader Freightliner, a brand of Daimler Trucks North America, with a Cummins hydrogen fuel cell powertrain for the heavy-duty Cascadia model, Cummins Chairman and CEO Tom Linebarger said in a surprise announcement.

May 12, 2022

Foxconn Completes Acquisition of Lordstown Factory

Taiwan’s Foxconn Technology Group completed a transaction with Lordstown Motors Corp. to acquire the electric truck startup’s Ohio factory for $230 million and take over production of its Endurance pickup truck, a critical step as the iPhone manufacturer seeks to diversify into electric vehicles.

May 12, 2022

Rivian Says Production Increased, Keeps Sales Target at 25,000

Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.

May 11, 2022

California Falls Short in Fight to Curb Emissions

California’s carbon market was supposed to be a model for the U.S., harnessing the power of capitalism to fight climate change in the world’s fifth-biggest economy. But nearly 10 years after ā€œcap and tradeā€ began, there’s little proof the system has had much direct impact on curbing planet-warming pollutants.

May 11, 2022

Musk’s Go-Private Tweets About Tesla Were Reckless, Judge Found

ā€œNo reasonable jury could find that Mr. Musk did not act recklessly.ā€ That’s the upshot of a federal judge’s review of Tesla Inc. CEO Elon Musk’s 2018 tweets about taking the company private, as revealed in an order that was made public May 10.

May 10, 2022

Survey Cites Fleets’ Growing Acceptance of Alt Fuels, Sustainable Tech

LONG BEACH, Calif. — Overall use of clean fuels and advanced vehicle technologies is rapidly progressing, according to a recent survey of 250 public, private and municipal fleets. But industry experts added that many thorny issues remain.

May 10, 2022

Gas Prices Hit Record With Driving Season Looming

Retail gasoline and diesel prices rallied to a record just ahead of the nation’s summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

May 10, 2022