NEW YORK — Lyft revealed that it is growing quickly ahead of its initial public offering but continues to bleed money and may struggle to turn a profit, according to a federal filing.
March 4, 2019Search
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Dray Alliance Receives $3.5 Million Investment
Dray Alliance has received $3.5 million in investment financing from David Sacks’ Craft Ventures, according to a company news release.
March 4, 2019Allison Invests in New Testing Facility
Allison Transmission announced it is investing in a new vehicle testing facility to support testing for a wide range of propulsion systems, including conventional powertrains, alternative fuel, electric hybrid and fully-electric vehicles.
March 1, 2019FedEx Introduces Same-Day Delivery Robot
FedEx Corp. unveiled an autonomous delivery device designed to help retailers make same-day and last-mile deliveries to customers, showing off the robot on “The Tonight Show Starring Jimmy Fallon” on Feb. 26.
March 1, 2019Dana Finalizes Deal for Oerlikon’s Drive Systems Unit
Dana Inc. announced it has completed the acquisition of the drive systems segment of the Oerlikon Group, including the Graziano and Fairfield brands, to expand the company’s capabilities in electrification and its manufacturing presence in key growth markets.
March 1, 2019Tesla Pushes Cheaper Cars, Will Move Sales Online and Close Most Stores
Tesla said Feb. 28 it will close “many” of its stores and shift to online-only sales after announcing that its long-awaited $35,000 Model 3 is available for purchase.
March 1, 2019How the Cobalt Market Fell Victim to Allure of Electric Cars
Cobalt prices were surging so much last year that thieves were carrying out elaborate heists at warehouses in Europe’s busiest port. Now, prices are in free fall, and mining companies are taking the financial hit.
March 1, 2019Editorial: The Human Element for Automated Technology
Across three industry events in the span of just a few days last week, the evolution of automated driving was front and center, with everyone from government leaders to technology innovators looking ahead to how — and at what pace — automation might someday reshape the trucking industry.
February 28, 2019CARB Continues Quest for an Electric Medium-, Heavy-Truck Future
California environmental regulators are working on a plan to speed up the deployment of electric medium- and heavy-duty trucks operating on the state’s streets and highways.
February 28, 2019BMW, Daimler Team on Automated Driving Technology
FRANKFURT, Germany — BMW and Daimler announced Feb. 28 they will work together on developing the automated driving technology expected to transform the industry in the years ahead as automakers try to fend off competition from tech companies such as Uber and Waymo.
February 28, 2019