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Meritor Forecasts Electrification Will Bring $1.5 Billion in Revenue by 2030

Meritor Inc. announced several new business awards that expand its role in vehicle electrification, including the medium-duty segment, and broaden its global reach to offset the cyclical North American truck market, its largest customer base.

December 8, 2021

BMW Signs Long-Term Chip Deal

BMW AG signed a long-term deal to secure semiconductors for in-car lighting systems after a global shortage of the components led to shutdowns at some of its factories.

December 8, 2021

Amazon Web Outage Affects Delivery Operation

An Amazon Web Services outage is wreaking havoc on the e-commerce giant’s delivery operation, preventing drivers from getting routes or packages and shutting down communication between Amazon and the thousands of drivers it relies on, according to four people familiar with the situation.

December 7, 2021

Daimler, Waymo Outfitting Custom Chassis for Autonomous Driving

Daimler reported a custom Class 8 chassis specifically intended to support SAE Level 4 driving is being outfitted through its partnership with the autonomous technology company Waymo.

December 7, 2021

Musk Not a Fan of Biden’s Build Back Better Act

Tesla Inc.’s Elon Musk spoke out in opposition to President Joe Biden’s signature economic package, questioning the need for legislation that would support electric car adoption due to concerns government spending is out of control.

December 7, 2021

LG Energy Seeks Up to $10.8 Billion in Record IPO

LG Energy Solution plans to raise as much as $10.8 billion in what would be South Korea’s biggest-ever initial public offering, defying concerns over fires involving its batteries that led to a mass recall of Chevrolet Bolt electric vehicles.

December 7, 2021

Intel to Take Mobileye Unit Public in 2022 IPO

Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry.

December 7, 2021

Stellantis Wants to Outfit Cars With AI to Drive Up Revenue

MILAN — Carmaker Stellantis announced a strategy Dec. 7 to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by 2030.

December 7, 2021

ERoad Bolsters North American Presence With Coretex Acquisition

New Zealand-based ERoad announced Dec. 1 that it has closed the acquisition of the telematics solutions provider Coretex Limited.

December 6, 2021

EV Maker Lucid Reveals SEC Investigation

Lucid Group Inc. disclosed it has become the latest electric vehicle maker to come under U.S. investigation following a merger with a blank-check company, sending its shares plummeting.

December 6, 2021