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Rivian Files for IPO

Rivian Automotive Inc., the maker of electric pickups backed by Amazon .com Inc., has filed for an initial public offering and is seeking a roughly $80 billion valuation, according to people familiar with the matter.

August 27, 2021

OPEC+ Expected to Stick to Planned Output Hike

OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble.

August 27, 2021

Nuro to Build Autonomous EV Factory in Nevada

Nuro Inc., which has unmanned delivery pods scurrying around Southwestern streets, said that it will build a $40 million facility to assemble and test a new generation of autonomous vehicles in Nevada.

August 26, 2021

Gas, Diesel Will Be Cheaper in New Jersey Come Oct. 1

New Jersey’s gasoline tax will drop 8.3 cents to 42.4 cents a gallon on Oct. 1 after drivers were forced to pay more at the pump a year ago, state officials announced Aug. 24.

August 26, 2021

Cruise Looks to Solar Panels to Power Self-Driving Cars

Cruise, the San Francisco autonomous car company backed by General Motors, is launching a new initiative to support renewable energy efforts in California’s Central Valley that takes advantage of solar power.

August 25, 2021

Hyzon Motors, Raven SR Partner on California Hydrogen Production

Fuel cell technology provider Hyzon Motors Inc. and renewable fuels company Raven SR Inc. announced their first waste-to-green hydrogen production hub.

August 25, 2021

Bollinger Expands Lineup With Classes 4, 5 EVs

Bollinger Motors Inc. said Aug. 25 it will sell Class 4 and Class 5 electric commercial trucks in addition to the Class 3 vehicles it unveiled last year in a move the Oak Park, Mich.-based startup said would offer greater coverage to customers.

August 25, 2021

EPA Rebuffed Warnings Auto Emissions Plan Was Too Weak

White House and other administration officials told the Environmental Protection Agency that its industry-backed plan for tightening auto emissions limits was too lax, but the agency rebuffed those warnings and released the proposal with provisions that could lessen its bite.

August 25, 2021

Maersk Invests $1.4 Billion in Methanol-Powered Ships

A.P. Moller-Maersk has ordered eight new vessels, each costing $175 million, that can be propelled by cleanly made methanol instead of an oil-based fuel.

August 24, 2021

Chevron Expands RNG Push for Longhaul Trucks

Chevron Corp. and joint venture partner Brightmark, a waste solutions manager, will build an additional 10 facilities to produce dairy biomethane to fuel longhaul trucks.

August 24, 2021