These are the all-electric commercial and delivery vans you'll see on the road soon, including the new Ford E-Transit.
The company also received a grand jury subpoena from the New York County District Attorney's Office in the same month. The U.S. Securities and Exchange Commission also issued subpoenas to Nikola, its board and eight of its officers and employees in September, the company disclosed in the filing, which was prompted by the short-seller's scathing report earlier that month. The report had claimed that Milton, who has since resigned as chairman, had made false claims about the company's proprietar
Nuro joins other self-driving firms that raised big money this year. Early last year Nuro raised $940 million from SoftBank and a source close to the company said the valuation doubled from that last funding round to $5 billion. This round was led by T. Rowe Price Associates and includes new investors Fidelity Management & Research Company, LLC. and Baillie Gifford.
Finalisation of the deal comes after Traton said on Oct. 16 it had agreed to raise its bid for Navistar to $44.50 per share, up from $43, as it closed in on an acquisition that would create a global manufacturer. The agreement which brings Navistar together with the MAN, Scania and Volkswagen trucks brands is in tune with trends in the truck industry which has been seeking ways to share the costs of developing low emissions technology.
Subhas Kumar Yadav has fought fear, deadlines and hunger to truck liquid oxygen from a factory in India's Himalayan foothills to hospitals in the northern plains during the coronavirus epidemic. The worst time, he said, was in the weeks after the federal government imposed a sweeping lockdown to contain the disease in late March, when roads were deserted, police made arbitrary checks and roadside restaurants, repair shops and motels were shuttered. "We were on duty," said the 33-year-old drive
Two automotive giants are teaming up to bring self-driving semi-trucks to market. Under this deal, Waymo and Daimler Trucks are partnering to build an autonomous version of the Freightliner Cascadia truck. This is Waymo's first deal in the freight business.
The future of transportation arrived in northern Virginia, looking like a big blue toaster on wheels that seats six and drives itself through the region’s notorious traffic. State and local officials debuted the Relay system Thursday, an all-electric, autonomous vehicle that will provide free shuttle rides back and forth from the Dunn Loring Metrorail stop to the bustling Mosaic District in Fairfax County. While some projects are limited to college campuses or operate in dedicated lanes, this
While the ruling does not take effect before a Nov. 3 company-sponsored ballot measure that will give voters the chance to decide over the future status of gig workers, it narrows the companies' options should their ballot fail. The case emerged after California implemented a law, known as AB5, aimed at reclassifying ride-hail, food delivery and other app-based workers as employees entitled to benefits such as unemployment insurance and minimum wage. California in May sued Uber and Lyft for no
A successful merger would combine the MAN, Scania and Volkswagen trucks brands with Navistar to create a global manufacturer, at a time when the industry is seeking ways to share the costs of developing low emissions technology. At $44.50 per share, Traton would pay about $3.7 billion for the shares in Navistar it doesn't already own, valuing the U.S. business as a whole at around $4.4 billion. "Traton SE and the U.S.-American truck manufacturer Navistar International Corporation, in which Tra
German space agency reveals an autonomous, electric urban mobility prototype for use right here on Earth
The German Aerospace Center (DLR) has debuted a prototype of what it calls 'U-Shift,' an urban mobility vehicle designed for multiple uses. U-Shift is a fully electric vehicle, designed for autonomous operation, and could serve in a number of capacities including as an on-demand shuttle, a bus, a mobile distribution center for package delivery, or even as travelling salesroom. You could easily see how a fleet like this could be repurposed for on-demand package and grocery delivery during lock