In the single largest manufacturing investment in its 118-year-history, Ford Motor Co. on Sept. 27 said it and a partner will invest $11.4 billion and create 11,000 new jobs to build electric vehicles and batteries at two new sprawling campuses in Tennessee and Kentucky.
September 27, 2021Search
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Diesel Bumps Up 2.1¢ to $3.406 a Gallon
The national average price for diesel rose 2.1 cents to $3.406 a gallon, the first time it has eclipsed $3.40 in nearly seven years, according to Energy Information Administration data released Sept. 27.
September 27, 2021Xos to Use Cox Automotive Mobility for Battery Remanufacturing
Xos Inc., a manufacturer of Classes 5-8 battery-electric commercial vehicles, announced a collaboration with Cox Automotive Mobility to leverage the automotive services provider’s remanufacturing capabilities for Xos battery packs.
September 27, 2021Trucker Visa Move to Get Gas Flowing in UK Called Inadequate
Boris Johnson caved in to industry demands to issue visas to foreign truck drivers, as a crisis that has led to panic-buying at gas stations and empty supermarket shelves threatens to undermine his government.
September 27, 2021EV Maker Polestar Valued at $20 Billion in SPAC Deal
Polestar, the electric vehicle maker backed by Volvo Car Group and actor Leonardo DiCaprio, agreed to go public through a merger with a blank-check company at a roughly $20 billion enterprise valuation.
September 27, 2021Mercedes-Benz Plans $8.2 Billion European Battery Venture
Daimler AG will team up with Stellantis NV and TotalEnergies SE to boost the scale of their European battery venture to more than 7 billion euros ($8.2 billion) in a move to secure supplies for electric Mercedes-Benz cars.
September 24, 2021Maersk Buys Stake in Electrofuel Startup in Race to Ditch Oil
A.P. Moller-Maersk A/S is investing in a startup that develops electrofuels as part of a strategy to own technologies that can help it become carbon neutral.
September 23, 2021NACFE Finds Many Fleets Could Run Electric Trucks Now
Fleets in four market segments could switch to battery-electric vehicles right now, the North American Council for Freight Efficiency concluded after its recent Run on Less — Electric event.
September 23, 2021Retailers Face Challenges Installing Electric Vehicle Chargers
Retail fuel outlets such as truck stops and gas stations say they are seriously weighing investment in electric vehicle chargers, but face such challenges as customer “range anxiety,†high utility charges for electricity and political policy uncertainties.
September 22, 2021Workhorse Shares Sink After It Halts Electric Van Deliveries
Workhorse Group Inc. shares plunged Sept. 22 to their lowest since May after the embattled electric vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered.
September 22, 2021