U.S. retail sales in October of Class 4 through Class 7 medium-duty commercial vehicles were almost flat compared with a year earlier at just above 21,000, WardsAuto .com reported.
November 16, 2021Search
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Rivian Leaps Past Volkswagen’s Valuation Amid EV Mania
A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week’s trading debut, with its market capitalization now surpassing Volkswagen AG.
November 16, 2021Volkswagen Appeals Rejected as High Court Allows Emissions Scandal Suits
The U.S. Supreme Court rejected two appeals from Volkswagen AG, leaving intact rulings that let state and local governments sue over a diesel-emissions cheating scandal that already has cost the German automaker more than $23 billion.
November 15, 2021Appellate Court Strikes Down GHG Rule for Trailers
A divided federal appeals court has thrown out portions of the 2016 Phase 2 greenhouse gas emissions rule that would have required heavy- and medium-duty trailers for the first time ever to adopt some combination of fuel-saving technologies.
November 12, 2021Daimler Truck Shares Details on Plans Post-Spinoff
Daimler Truck AG, the largest global truck maker, intends to go public Dec. 10, and recently described what that would look like in terms of products and performance.
November 12, 2021Rivian’s Trading Debut Pushes Value to Almost $88 Billion
Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.
November 10, 2021Hyliion Reports Net Loss, No Income for Q3
Hyliion Holdings Corp. reported a wider third-quarter net loss and no revenue as it worked to bring its two electrified powertrain solutions for Class 8 trucks to market.
November 10, 2021Rivian Set for IPO That Will Rank as Year’s Biggest
Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.
November 9, 2021Rivian IPO Puts Slow Race to Commercial EV to Public Market Test
Eleven years after Tesla Inc. went public with a market value of less than $2 billion, one of its most closely watched competitors is following in its tire treads with a much richer valuation.
November 9, 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