General Motors Co. is making a big claim about its future electric cars: The automaker will be able to sell them at “very average transaction prices” and be profitable, GM President Mark Reuss said in a presentation June 5.
June 5, 2019Search
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Federal Regulators Report Progress on Railroads’ PTC Implementation
The country’s rail operators continue to show progress with the implementation of automatic braking technology that Congress mandated in an effort to enhance safety, federal regulators announced recently.
June 5, 2019VW Advances Truck Unit IPO Despite Shaky Stock Market, Trade Woes
Volkswagen AG set plans to list its heavy-truck division Traton SE in Frankfurt, Germany, and Stockholm, moving forward with one of the year’s largest European public offerings despite a wobbly stock market and a swirling trade war between China and the United States.
June 4, 2019Congress Opens Bipartisan Probe of Competition in Tech Industry
The House Judiciary Committee is joining the rush to investigate big technology companies, with a focus on whether increased concentration in the industry is crowding out competition and hurting consumers.
June 4, 2019Ryder Promotes Rich Mohr to Chief Technology Officer at Fleet Management Unit
Ryder Fleet Management Solutions, a unit of Ryder System Inc., appointed Rich Mohr chief technology officer.
June 4, 2019Perspective: Best Practices for Fleets’ Contract Security
Contract security breaches can result in severe and high-profile consequences for a business, especially in today’s hyper-connected world. What are some best practices fleets can implement to increase contract security?
June 3, 2019Tesla’s Secret Source of Cash Unmasked as GM and Fiat Chrysler
General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they reached agreements to buy federal greenhouse gas credits from Tesla.
June 3, 2019Blackstone Bets $18.7 Billion on Amazon Effect in Warehouse Deal
The mall is now a warehouse, and Blackstone Group is betting $18.7 billion on the shift. That’s how much the alternative investment manager is paying for 179 million square feet of urban logistics properties — the warehouses used by Amazon and other retailers to fulfill orders from online shoppers.
June 3, 2019Bendix Reaches Wingman Milestone
Bendix Commercial Vehicle Systems has reached a 10-year milestone in collision-mitigation technology since the production of its Bendix Wingman ACB — Active Cruise with Braking in 2009.
June 3, 2019Pitstop Raises $1.5 Million, Partners With Continental
Pitstop, a Toronto prognostics platform for predicting vehicle failures, has received $1.5 million in seed financing, led by Toronto-based venture capital fund Ripple Venture, according to a news release.
May 31, 2019