Oil in New York plunged below a key technical level for the first time since June as concerns over progress on another round of U.S. fiscal stimulus compounded growing fears that a sustained recovery in demand is still some way off.
September 29, 2020Search
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Diesel Falls 1¢ to $2.394 in Fourth Consecutive Decline
The nationwide average price of diesel fuel fell by 1 cent, according to the U.S. Energy Information Administration’s report released Sept. 28.
September 28, 2020Trump Shows Off Lordstown Motors’ Endurance Electric Pickup Truck
WASHINGTON — The day before traveling to Cleveland for his first presidential debate with Democratic nominee Joe Biden, President Donald Trump inspected the new Endurance electric pickup truck from Ohio’s Lordstown Motors outside the White House, claiming success for boosting the region’s economy after General Motors shuttered its plant that made the Chevrolet Cruze.
September 28, 2020Electrifying California Cars Could Crush the Grid, or Save It
Electrifying all new cars in California could be an immense burden on the state’s struggling power grid — or a whole new line of defense against blackouts.
September 28, 2020Tesla’s $25,000 Car Doesn’t Worry Biggest Rivals in China
Tesla Inc.’s plan to build a $25,000 car within the next three years doesn’t seem to have fazed China’s most-promising electric vehicle startups, with executives at the Beijing Auto Show saying Elon Musk can bring it on.
September 28, 2020Lion Battery-Electric Trucks Bound for Amazon
Lion Electric announced that it will deliver 10 Class 6 battery-electric vehicles to Amazon.com Inc., with the first two arriving this year.
September 25, 2020Mercedes-Benz Heavy-Duty eActros Set for Production in 2021
Mercedes-Benz Trucks announced series production of its heavy-duty battery-electric eActros model intended for distribution applications is scheduled to start in 2021.
September 25, 2020Oil Dips in Wake of Renewed Concerns Over Virus Surge
Oil fell amid growing concerns that another wave of the coronavirus pandemic will lead to tighter lockdown measures and further stifle crude demand.
September 25, 2020Mack Delivers LR Electric Refuse Truck to NYC
Mack Trucks announced it has delivered its heavy-duty LR Electric demonstration model to the New York City Department of Sanitation, which will put it through rigorous, real-world trials collecting refuse.
September 25, 2020Nikola Gets First Sell Rating
Nikola Corp. got its first sell-equivalent rating, with the electric-vehicle startup downgraded to underperform from neutral at Wedbush, citing the loss of a driving force in founder Trevor Milton’s departure, and the threat posed to hydrogen fuel’s appeal by Tesla Inc.’s “eye-popping battery innovations.â€
September 24, 2020