Hyundai announced Dec. 4 it deployed 21 of its Xcient hydrogen fuel cell electric trucks in Georgia to ferry supplies between the ports and the automaker’s newly opened $7.6 billion EV factory.
December 5, 2024Search
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Ex-TuSimple CEO Hou Seeks to Liquidate Company’s Assets
TuSimple co-founder and former CEO Xiaodi Hou, who claims to be the company’s largest shareholder, is also seeking judicial aid in an increasingly bitter spat with former colleague Mo Chen.
December 2, 2024Pony AI Raises $413M, Shares Surge in Nasdaq Debut
With Pony’s offering, Chinese companies have raised $1.2 billion via U.S. IPOs this year, nearly double the amount in the same period in 2023 but below the heights seen during the pandemic.
November 27, 2024Newsom, Musk Clash Over California EV Incentive Plan
Gavin Newsom is positioning California as a foil to Donald Trump’s policies, laying the groundwork for resistance on everything from deportations to regulation rollbacks.
November 26, 2024Rivian’s $6.6 Billion Loan Advances EV Factory Timeline
The loan would come from the U.S. Energy Department’s Advanced Technology Vehicle Manufacturing program.
November 26, 2024Samsara Partners With Northland Insurance on Telematics Use
Samsara is teaming up with Northland Insurance to offer the latter’s customers a discount on their premiums or subsidies for investments, the in-cab technology provider said.
November 25, 2024FleetPulse Expands Into Canada
Trailer telematics specialist FleetPulse is set to become available for Canadian fleets, the company said Nov. 20.
November 25, 2024Nebraska Sues Truck OEMs Over ‘Collusion’ on California Deal
Nebraska's attorney general filed an antitrust suit against four major original equipment manufacturers, alleging they colluded to eliminate choice and raise truck prices.
November 25, 2024Tesla, Rivian Reach Conditional Settlement in Poaching Suit
Tesla didn’t disclose specifics, but told a California state judge that it expects to seek dismissal of the case by Dec. 24 upon satisfactory completion of the terms.
November 25, 2024Bosch to Cut 5,500 Jobs as Auto Industry Slump Deepens
Parts supplier Robert Bosch GmbH plans to cut 5,500 jobs globally, mainly in Germany, as the car industry’s woes ripple through the supply chain.
November 22, 2024