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Musk Warns of Tesla’s ‘Very Tough Quarter’ in Staff Email

Tesla Inc. has had a “very tough quarter†as it struggles with supply chain snags, Chief Executive Officer Elon Musk warned in an internal memo, imploring workers to help get the electric vehicle maker back on track.

June 13, 2022

Cruise, BrightDrop Explore Self-Driving Electric Vans

Cruise, the self-driving startup controlled by General Motors Co., is working with the automaker’s BrightDrop electric van business on a plan to develop autonomous delivery vehicles, people familiar with the matter said.

May 16, 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

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

Volvo to Supply 44 Electric Trucks to DHL

FRANKFURT, Germany — Swedish carmaker Volvo has signed a deal to supply 44 new electric trucks to German delivery firm Deutsche Post DHL to support its zero-emission targets, both companies announced May 12.

May 12, 2022

DTNA Unveils Production-Ready eCascadia at ACT Expo

LONG BEACH, Calif. — Freightliner Trucks, a division of Daimler Truck North America, has unveiled its production-ready eCascadia Class 8 electric truck, built on the best-selling heavy-duty truck platform in North America.

May 10, 2022

Tesla Q1 Earnings 7 Times More Than Year Ago

DETROIT — Tesla reported April 20 that its first-quarter net earnings were more than seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.

April 20, 2022

Walmart Will Run Forklifts on ‘Green’ Hydrogen in Plug Power Deal

Plug Power Inc.’s bid to become a major supplier of carbon-free hydrogen just won the backing of one of the company’s oldest customers: Walmart Inc.

April 19, 2022

Twitter Adopts ‘Poison Pill’ Defense in Musk Takeover Bid

PROVIDENCE, R.I. — Twitter said April 15 that its board of directors has unanimously adopted a “poison pill†defense in response to Tesla CEO Elon Musk’s proposal to buy the company for more than $43 billion and take it private.

April 15, 2022