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Stellantis Profits Soar 37% in First Half of Year

MILAN — Stellantis on July 26 reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe.

July 26, 2023

Aurora Details Financial Plan, Unveils Lidar Breakthrough

Autonomous technology developer Aurora says it has set itself up financially for up to the next two years with a new round of public and private funding. 

July 25, 2023

General Motors Q2 Earnings Rise 52% on Strong Sales, Prices

DETROIT — Despite taking on a huge chunk of an expensive electric vehicle recall, General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago. 

July 25, 2023

GOP House Leaders Investigate Ford Battery Agreement

WASHINGTON — Republican congressional leaders sent a letter to Ford CEO Jim Farley claiming documents show hundreds of jobs at a planned battery plant will go to employees of a Chinese firm.

July 24, 2023

Leasing Offers Pathway for Fleets Interested in EVs

Fleets that want to test the waters with electric vehicles or other technology don’t have to do it themselves or even use their own trucks. Leasing companies are providing that opportunity.

July 24, 2023

Volvo Signs Fuel System JV Deal With Canada’s Westport

Truck manufacturer Volvo Group is set to establish a high-pressure gas-injection fuel system joint venture with Westport Fuel Systems.

July 21, 2023

Trucking Takes Steps Toward Hydrogen Technology

Truck makers and suppliers are taking steps toward developing hydrogen combustion engines on the path to a zero-emission future.

July 20, 2023

Tesla Income Jumps 20% to $2.7 Billion

SAN FRANCISCO — Elon Musk’s big bet that Tesla price cuts could boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results. 

July 20, 2023

High Cost of Hydrogen Remains a Drag on Adoption

If hydrogen fuel cell technology is going to become a desired and viable electric vehicle power source, the cost will have to come down.

July 18, 2023

Tesla Starts Cybertruck Production Two Years Behind Schedule

Almost four years after Elon Musk first unveiled Tesla Inc.’s debut pickup, the automaker has built its first Cybertruck.

July 17, 2023