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A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.

DETROIT — President Joe Biden, a gearhead with his own vintage Corvette, is showcasing his administration’s efforts to promote electric vehicles during a visit Sept. 14 to the Detroit auto show.

Program Aired: October 6, 2022. MVT Solutions (a subsidiary of Mesilla Valley Transportation) shows how easy it is to improve fuel economy, sustainability, and fleet profitability. The old ways of endless conference calls, laborious and time consuming in-service tests, and frustration have been replaced by racecar engineering and proven success with a group of the biggest fleets in North America.

The U.S. may begin refilling its emergency oil reserve when crude prices dip below $80 a barrel, according to people familiar with the matter.

WASHINGTON — Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.

Hyliion Holdings Corp. announced Jon Panzer joined the company as chief financial officer.

The Pennsylvania Turnpike is jumping into solar energy production to power its maintenance and office buildings with a long-term goal: using solar-generated power to electrify portions of the toll road so electric vehicles can charge as they travel.

President Joe Biden is poised to sign an executive order Sept. 12 to help expand U.S. biomanufacturing and reduce reliance on China.

RALEIGH, N.C. — A North Carolina-based semiconductor company announced Sept. 9 it will build a $5 billion manufacturing plant in its home state to produce silicon carbide wafers, which is emerging as a favored part for renewable energy products and electric vehicles.

Hydrogen is rising as an eventual clean alternative option for fueling trucks but the feedstock used to produce it — by steam methane reforming, using coal or with solar panel-generated electricity — affects its carbon impact.