Electric vehicle maker Rivian said it is working to secure and maintain the site of its planned Georgia factory, as well as preparing the land for vertical construction as soon as it can move forward with the $5 billion project.
April 22, 2024Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Tesla Cuts the Price of Its āFull Self Drivingā System
NEW YORK ā Tesla knocked roughly a third off the price of its āFull Self Drivingā system ā which canāt drive itselfĀ ā to $8,000 from $12,000, according to the company website.
April 22, 2024Focus Shifts to Removing Debris From Daliās Deck
BALTIMORE ā Salvage crews at the site of a collapsed bridge are turning their focus to the tons of debris sitting atop the Dali, a massive cargo ship that caused a deadly catastrophe in March.
April 19, 2024Rivian Cuts 1% of Workforce in Second Round of Layoffs
Electric vehicle upstart Rivian, which recently put on pause plans to build a Georgia factory, said in mid-April it is laying off more workers as it cuts costs to buttress its balance sheet.
April 19, 2024Transportation Index Falls, Signaling Risks for Stock Market
Transportation companies that serve as a bellwether for the American economy sent up a smoke signal last week.
April 19, 2024EPA Allows Summer Sales of Higher-Ethanol E15 Gasoline
The Biden administration is using emergency powers to authorize widespread sales of higher-ethanol E15 gasoline this summer, following a strategy it employed the previous two years.
April 19, 2024Tesla Co-Founder J.B. Straubel Built an EV Battery Colossus
Redwood Materials, started by Tesla co-founder J.B. Straubel, is attempting to create a domestic loop using recycled critical metals for lithium-ion batteries.
April 19, 2024Waning EV Market Drags Down Chipmakersā Shares
A waning electric vehicle market is dragging down shares of companies making chips for automobiles, with their limited exposure to AI excluding them from a broader rally.Ā
April 19, 2024Geely to Sell $1.32 Billion of Volvo Truck Shares
Shares of truck maker Volvo AB dropped as much as 5.9% in Stockholm on news that Chinaās Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about $1.3 billion.
April 19, 2024Tesla Recalls 3,900 Cybertrucks to Repair Faulty Pedals
Tesla Inc. recalled 3,878 Cybertruck pickups to rework or replace accelerator pedals that can dislodge and cause the vehicle to unintentionally accelerate, increasing risk of a crash.
April 19, 2024Trending
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