Just days after announcing a $2 billion agreement with General Motors, Nikola Corp. is fighting back against a short seller accusing the startup of deception and lying about its electric technology.
September 11, 2020Transportation Technology News
Commercial freight transportation businesses rely on data, intelligence, and novel solutions for operational efficiency. Transport Topics technology coverage investigates available technologies, real-world applications of business solutions, and the strategies necessary for advancement. News topics focus on the latest applied science, and issues range from autonomous vehicle and robotics innovations to management software, tracking and transparency, data analytics, blockchain, and the internet of things.
Nikola Slumps After Denial of Short Seller Report
Tesla Plans to Start Shipping Out Cars Made at Shanghai Gigafactory
Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market.
September 11, 2020Experts Stress Public Trust in AV Tech as E-Commerce Rises
As the pandemic prompts people to shop from their homes and rely on contactless delivery services, gaining public trust in automated vehicle technology remains essential, experts said.
September 11, 2020US Stocks Resume Sell-off With Tech Battered Anew
A fresh sell-off in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations stretched too far in a five-month rally. Treasuries rose with the dollar.
September 10, 2020Nikola Disputes Charges of Deception
Nikola Corp. shares fell as much as 13% after Hindenburg Research published a report accusing the startup electric-vehicle maker of deception and lying about its technology.
September 10, 2020Actionable Insights to Avoid Speeding for Conditions and Sitting Duck Situations
What if you could provide assistance to your driver who is parked in an unsafe location but may not realize it? By bringing you real-time actionable insight, SmartDrive has solved two of the riskiest situations your drivers are facing today.
September 10, 2020VWs Traton Boosts Bid for Navistar to $3.6 Billion
Navistar International Corp. confirmed that Volkswagen AGs heavy-truck business boosted its bid to buy the rest of the U.S. manufacturer for $3.6 billion.
September 10, 2020Navistar Reports Drop in Fiscal Q3 Earnings
A near 50% decline in truck sales, caused by the impact of COVID-19 on the economy, resulted in Lisle, Ill.-based Navistar International Corp. reporting sharp losses in its fiscal third quarter.
September 9, 2020Walmart Tests Drone Delivery Amid Escalating Competition With Amazon
Walmart Inc. is entering the drone delivery wars, its latest move to counter Amazon.com Inc.s dominance in e-commerce as more Americans choose to shop from home.
September 9, 2020Fortistar, Paloma Dairy Partner on RNG Production to Fuel Trucks
Private investment firm Fortistar and large family-owned Paloma Dairy announced they are constructing a dairy digester facility to capture methane and produce renewable natural gas to fuel the Class 8 market, as well as for a public utility.
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