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Hertz Reports $392 Million Loss

Hertz reported a loss that was nearly three times worse than analysts expected as it accelerated sales of electric vehicles to reduce its fleet of Tesla models that have weighed on profits.

April 25, 2024

New VTNA, Mack Tractors to Leave Plants With HVO in Tank

All Class 8 tractors rolling off VTNA and Mack Trucks production lines are set to depart manufacturing facilities with hydrotreated vegetable oil or renewable diesel in their fuel tanks.

April 24, 2024

Biden Makes $11 Billion Push to Beat China at Chip Research

The Biden administration is trying to turn cutting-edge semiconductor research into a more enticing field for Americans.

April 24, 2024

Biden Advances Plan to Make Freight Shipping Carbon-Free

The Biden administration is laying out more of its vision for decarbonizing the freight industry, including plans for standardizing charging infrastructure for electric trucks.

April 24, 2024

As Q1 Profit Falls 55%, Tesla to Focus on Cheaper Vehicles

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading April 23 as the company said it would accelerate production of more affordable vehicles.

April 24, 2024

Tesla to Cut More Than 6,000 Jobs in Texas, California

Tesla Inc. plans to cut more than 6,000 jobs across Texas and California as part of CEO Elon Musk’s demand to slash more than 10% of the global workforce.

April 23, 2024

ATRI Study Touts Renewable Diesel’s Benefits

There are operational and environmental gains to be realized for fleets that favor renewable diesel fuel over battery-electric vehicles, according to a new ATRI study.

April 23, 2024

Georgia Demands Rivian Secure, Maintain Factory Site

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, 2024

Tesla Cuts the Price of Its ‘Full Self Driving’ System

NEW YORK — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself  — to $8,000 from $12,000, according to the company website.

April 22, 2024