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Twitter Users Back Musk Selling 10% of Stake

Tesla Inc. declined after Elon Musk’s Twitter followers voted in favor of selling 10% of his stake in a poll set up by the electric car chief.

November 8, 2021

$10 Billion Rivian IPO Would Be Seventh-Largest on Record

Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.

November 5, 2021

Navistar Adds Fleetrite Aftermarket Retail Stores

Navistar Inc. announced its Fleetrite all-makes and models aftermarket truck and bus parts segment opened five more retail locations.

November 5, 2021

DOE Provides $128 Million for Electrified Truck Development

The Department of Energy's Office of Energy Efficiency and Renewable Energy is providing funding to five original equipment manufacturers as part of its SuperTruck 3 initiative.

November 5, 2021

UPS, TuSimple Expand Partnership

UPS and TuSimple plan to expand their relationship by adding routes where TuSimple will move cargo in autonomous Class 8 trucks in the southeastern and western U.S.

November 4, 2021

Nikola Expects $125 Million Penalty From SEC

Hydrogen-electric fuel truck manufacturer Nikola Corp. said it took a $125 million charge in the third quarter as it expects to use that money as part of a possible negotiated settlement with the U.S. Securities and Exchange Commission concerning allegations the company’s founder, Trevor Milton, defrauded investors.

November 4, 2021

CVG Fights Headwinds to Improve Net Income, Revenue

CVG, whose business segments include commercial vehicle seating and electrical systems, reported increased net income and revenue for the third quarter as it continued to diversify its customer base.

November 3, 2021

ERoad Introduces Stand-Alone Dash Camera

Trucking technology supplier ERoad has expanded its video telematics product line with the ERoad Clarity Solo Dashcam.

November 3, 2021

FMCSA: Sunset of 3G Networks Could Impact ELD Tech Specifications

Federal trucking regulators are warning truckers that mobile carriers are shutting down their 3G networks as early as next year to make room for more advanced network services, including 5G.

November 3, 2021

Spireon Introduces Next Generation of Asset-Tracking Devices

Spireon has introduced the next generation of its FL Flex tracking devices and IntelliScan cargo sensor under its FleetLocate product line.

November 3, 2021