Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.
July 22, 2020Government, Business, Technology, Fuel, Autonomous
Tesla Slashes Deposit for China Customers to Just $143
Business, Technology
Freightliner Updates Smart Source App
Truck manufacturer Freightliner has updated its Smart Source app with a new design, personalized notification options and enhanced product support, the company announced.
July 21, 2020Business, Technology, Logistics
Banyan Debuts LTL Freight Pricing App
Freight pricing data provider Banyan Technology has launched a real-time data connectivity platform called Insights that is designed to help less-than-truckload carriers balance and maximize capacity on their networks, and also provide measurable savings for shippers, the company said.
July 21, 2020Government, Business, Technology, Fuel
EU Approves Biggest Green Stimulus in History
European governments approved the most ambitious climate change plan to date, agreeing to pour more than €500 billion euros ($559.5 billion) into everything from electric cars to renewable energy and agriculture.
July 21, 2020Government, Business, Technology, Fuel, Logistics
Ford, VW Electric Models May Be Delayed by Trade-Secret Fight
Ford Motor Co. and Volkswagen AG warned a swirling legal dispute between two South Korean battery suppliers could threaten their plans to start producing electric vehicles in the U.S.
July 21, 2020Business, Technology, Safety
Drivewyze Receives $60M Investment to Accelerate Growth
Trucking technology provider Drivewyze will receive $60 million in financing to help advance its growth through an agreement parent company Intelligent Imaging Systems has reached with an investment firm, according to a July 14 announcement.
July 21, 2020Business, Technology
SmartHop, Tech Platform for Smaller Carriers, Secures $4.5M Seed Funding
Dispatch technology developer SmartHop has closed $4.5 million in early funding, the company announced July 21.
July 21, 2020Business, Technology, Autonomous
Class 8 Trucks to Be Part of Aurora’s Autonomous Testing in Texas
Autonomous vehicle technology developer Aurora plans to launch testing of self-driving Peterbilt Class 8 trucks and smaller vehicles that can be used for package delivery in the Dallas-Fort Worth area this year.
July 20, 2020Business, Technology, Equipment, Safety
Lumileds Adds New Line of Truck Headlight Bulbs
Lumileds Holdings announced a new line of Philips MasterDuty headlight bulbs for Classes 2-8 commercial vehicles.
July 20, 2020Business, Technology, Fuel
Nikola Plummets After Warrant Call Creates Selling Pressure
Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.
July 20, 2020