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Senate Passes Diesel Emissions Reduction Bill Update

Legislation updating the Diesel Emissions Reduction Act was recently passed in the U.S. Senate.

May 14, 2024

Ryder: Switching to a Class 8 EV May Double Vehicle Costs

A new analysis by leasing and logistics specialist Ryder System indicates the business case for swapping a diesel or gasoline van or truck for an EV is shaky for much of the trucking industry.

May 14, 2024

Hydrogen Maker Plug Power Soars on $1.7 Billion US Backing

Hydrogen producer Plug Power Inc.’s stock soared May 14 after the Biden administration offered the U.S. company a conditional commitment for $1.66 billion in loan guarantees to build up to six facilities.

May 14, 2024

Proxy Firm: Hess Investors Should Abstain on Chevron Vote

Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.

May 13, 2024

New Partnership Brings Renewable Diesel to Southeast US

A new source of renewable diesel is making its way into the southeastern U.S. for commercial operations including trucks operating at the Port of Savannah.

May 10, 2024

BP Keen to Buy Tesla Supercharging Sites for US Expansion

BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.

May 9, 2024

Lion Electric Drops on Revenue Miss, Dwindling Cash Balance

Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped.

May 8, 2024

VW Brand to Beef Up Hybrid Offerings as EV Shift Stumbles

Volkswagen AG’s namesake brand plans to bolster its offering of plug-in hybrid cars in response to a slowdown in demand for fully electric vehicles.

May 8, 2024

Daimler Unwraps Autonomous, Electric Demonstration Truck

Daimler Truck unveiled plans May 8 to begin operating an autonomous, battery-electric Freightliner eCascadia demonstration truck.

May 8, 2024

Rivian Sticks With EV Forecast Despite First-Quarter Loss

Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles.

May 7, 2024