Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.
August 23, 2024Search
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China’s WeRide Delays US IPO Just as Deadline Nears
WeRide Inc. has postponed its plan for a U.S. initial public offering, according to people with knowledge of the matter, days before Chinese regulatory approval lapses.
August 22, 2024Ford Scraps Electric SUV, Boosts Hybrid Production
Ford Motor Co. is recalibrating its electrification strategy yet again, canceling plans for a fully electric SUV in a shift that may cost the carmaker around $1.9 billion.
August 21, 2024Uber Hires Ex-Tesla Charger Executive to Oversee EV Shift
Uber Technologies hired former Tesla Inc. executive Rebecca Tinucci to oversee the ride-hailing platform’s shift to electric vehicles.
August 20, 2024Will Amazon’s AI Bet Pay Off?
More than any of the megacap technology stocks, Amazon.com Inc.’s big-spending ways are coming at the expense of profits, and its shares are being punished as a result.
August 20, 2024Tesla Gets Lower EU Tariff Than Chinese Rivals in Draft Plan
For Tesla Inc., the 9% tariff is relatively welcome news, as it’s lower than what other manufacturers face.
August 20, 2024Albertsons Sued for Allegedly Copying Startup’s Software
Albertsons Cos. was sued by an e-commerce software maker that claims the grocery chain conducted trials with its product for three years only to steal its trade secrets to build its own system.
August 19, 2024GM to Cut More Than 1,000 Software Engineers, Mostly in US
General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.
August 19, 2024Texas Instruments Wins $4.6 Billion in Grants, Loans
Texas Instruments is set to receive $1.6 billion in CHIPS Act grants and $3 billion in loans, marking the latest major award from a program designed to boost semiconductor manufacturing.
August 16, 2024Rivian Pauses Output of Amazon’s Electric Delivery Van
Rivian Automotive Inc. has paused production of the electric commercial van it makes for Amazon.com Inc. due to a parts shortage in the latest supply chain snafu for the EV maker.
August 16, 2024