Volvo Car Group and Swedish battery maker Northvolt AB will jointly build an electric car battery factory in the latest move by European manufacturers to localize cell production in the region.
June 21, 2021Search
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Hyliion Set to Join Russell 3000 Index
Electrified powertrain company Hyliion Holdings Corp. announced it is set to join the broad-market Russell 3000 Index at the conclusion of the 2021 Russell indexes annual reconstitution.
June 18, 2021After Blowing $300 Billion, US Shale Finally Makes Money
After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. Itâs poised to generate more than $30 billion of free cash this year.
June 18, 2021In Reversal, Lordstown Motors Says It Has No Firm Truck Orders
TOLEDO, Ohio â Struggling electric truck maker Lordstown Motors said June 17 it doesnât have any firm orders for its vehicles, just days after its president said the company had enough to maintain production through 2022.
June 18, 2021Ford Acquires Battery-Management Startup to Charge EV Fleets
Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.
June 17, 2021Sen. Manchin Cites âGrave Concernsâ About US âGoing to the EVâ
WASHINGTON â U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed âgrave concernsâ June 15 about the Biden administrationâs drive to boost adoption of electric vehicles.
June 16, 2021Democrats Prepare Go-It-Alone Approach on Infrastructure
WASHINGTON â Patience running thin, Democratic leaders are laying the groundwork for a go-it-alone approach on President Joe Bidenâs big jobs and families infrastructure plans even as the White House continues negotiating with Republicans on a much more scaled-back $1 trillion proposal.
June 16, 2021GM to Spend More on Electric Vehicles, Add Battery Plants
DETROIT â General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.
June 16, 2021Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand
Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.
June 15, 2021John Kerry: Carbon Capture âKey Toolâ to Curb Factory Emissions
Carbon capture is emerging as a key strategy for curbing greenhouse-gas emissions from heavy industry, according to U.S. climate envoy John Kerry.
June 15, 2021