Power management company Eaton Corp. reported higher fourth-quarter net income and a decline in revenue.
February 3, 2021Search
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EV Startup REE Plans Merger With 10X Capital SPAC
REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with 10X Capital Venture Acquisition Corp., a blank-check company, according to people with knowledge of the matter.
February 3, 2021Uber to Buy Alcohol Delivery Startup Drizly for $1.1 Billion
Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion.
February 2, 2021DTNA Names Rakesh Aneja to Lead eMobility Unit
Daimler Trucks North America announced the appointment of Rakesh Aneja as the company’s new head of eMobility that is focused on electric drive systems.
February 2, 2021DTNA Finish First to Expand to East Coast
Daimler Trucks North America and Universal Technical Institute are expanding DTNA Finish First to UTI’s Orlando campus in summer 2021.
February 1, 2021Battery Maker Microvast Agrees to Merger With Tuscan SPAC
Battery maker Microvast Inc. will go public via a merger with blank-check company Tuscan Holdings Corp. in a deal that values the combined company at $3 billion.
February 1, 2021Ryder Expands Truck, Trailer Sharing Service
Ryder System Inc. expanded its truck ride-sharing program into California, Tennessee and North Carolina, the company announced Jan. 27.
January 29, 2021Utility Makes 7-Inch Rear Impact Guard Standard
Utility Trailer Manufacturing Co. announced its dry vans, refrigerated vans and flatbeds produced after 2002 can be retrofitted with Utility’s now-standard 7-inch deep, horizontal ICC bumper in order to exceed all rear trailer-guard safety regulations.
January 29, 2021Automated Manual Transmissions Become Industry’s Popular Option
If a customer wants to drive one of the Class 8 trucks in Ryder’s commercial rental fleet, it will have to be one with an automated manual transmission, which shouldn’t be a problem because that’s what most customers want.
January 29, 2021Keeping a Solid ADAS Foundation
Braswell: Despite the clear safety benefits and demonstrated reduction in freÂquency, severity and injuries in accident statistics, resistance remains to retiring older equipment because of reluctance or resistance to advanced driver assistance systems technologies.
January 29, 2021