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Rivian Leaps Past Volkswagen’s Valuation Amid EV Mania

A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week’s trading debut, with its market capitalization now surpassing Volkswagen AG.

November 16, 2021

Biden Could Revisit Renewable Fuel Mandate for Price Relief

As U.S. President Joe Biden weighs alternatives to lower fuel prices, one move that could bring immediate relief at the pumps is sparking debate: adjusting the Bush-era renewable fuel mandate.

November 15, 2021

Oil and Gas Leases on Hold in New Mexico’s Chaco Park

New oil and gas leasing within 10 miles of Chaco Culture National Historical Park will be prohibited for the next two years as officials consider a proposal to withdraw federal land in the area from development for a 20-year period, the U.S. Department of Interior said Nov. 15.

November 15, 2021

Volkswagen Appeals Rejected as High Court Allows Emissions Scandal Suits

The U.S. Supreme Court rejected two appeals from Volkswagen AG, leaving intact rulings that let state and local governments sue over a diesel-emissions cheating scandal that already has cost the German automaker more than $23 billion.

November 15, 2021

Coal Hits 12-Year High, Threatening More Energy Inflation

U.S. coal prices surged to the highest level in more than 12 years, threatening to bloat America’s already soaring electricity bills and signaling the fuel isn’t going to get phased out anytime soon.

November 15, 2021

Appellate Court Strikes Down GHG Rule for Trailers

A divided federal appeals court has thrown out portions of the 2016 Phase 2 greenhouse gas emissions rule that would have required heavy- and medium-duty trailers for the first time ever to adopt some combination of fuel-saving technologies.

November 12, 2021

Daimler Truck Shares Details on Plans Post-Spinoff

Daimler Truck AG, the largest global truck maker, intends to go public Dec. 10, and recently described what that would look like in terms of products and performance.

November 12, 2021

Rivian’s Trading Debut Pushes Value to Almost $88 Billion

Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.

November 10, 2021

Hyliion Reports Net Loss, No Income for Q3

Hyliion Holdings Corp. reported a wider third-quarter net loss and no revenue as it worked to bring its two electrified powertrain solutions for Class 8 trucks to market.

November 10, 2021