DETROIT — Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on April 28, but the company said a worsening global computer chip shortage could cut its production in half during the current quarter.
April 29, 2021BusinessTechnologyEquipmentFuel
Daimler Truck, Volvo to Make Fuel Cells in Europe in Joint Venture
FRANKFURT, Germany — Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies.
April 29, 2021BusinessTechnologyEquipment
Wabash Posts Higher Q1 Profits, Raises Full-Year Guidance
Trailer maker Wabash National Corp. returned to first-quarter profitability compared with a year earlier and increased its full-year guidance on revenue.
April 28, 2021BusinessTechnologyLogisticsTop 100
New Ware2Go Service Helps E-Commerce Merchants With Warehouse Placement
The UPS-founded Ware2Go launched a free application to help e-commerce merchants with strategic fulfillment planning, the company announced April 27.
April 28, 2021GovernmentBusinessTechnologySafetyAutonomous
Policymakers Keep Autonomous Vehicles Bill on Senate’s Radar
Two of the key drivers of autonomous vehicle policy in Congress again touted its potential safety and economic benefits during a hearing with stakeholders.
April 28, 2021GovernmentBusinessTechnology
Tesla Accused by EPA of Auto-Coating Emissions Reporting Failure
The U.S. Environmental Protection Agency accused Tesla Inc. this month of failing to prove it is complying with hazardous air-pollutant rules related to the surface coatings of its electric cars.
April 28, 2021GovernmentBusinessTechnology
Biden Releases Money in Push to Modernize US Electric Grid
The federal government said April 27 it was making more than $8 billion available to build and improve the nation’s transmission lines as part of its efforts to improve America’s aging electric grid and meet President Joe Biden’s ambitious clean-energy goals.
April 28, 2021GovernmentBusinessTechnologyEquipmentFuelTCA
N.Y. Bill Orders All-Electric Truck Sales by 2045
ALBANY, N.Y. — The state Senate on April 26 passed a bill that would essentially mandate that all new passenger cars sold in the state run on electric power by 2035 and trucks and other heavy duty vehicles run on electricity by 2045.
April 27, 2021BusinessTechnologyEquipment
Paccar Reports Surge in Q1 Net Income
Truck maker Paccar Inc. reported a surge in net income and improved revenue in the first quarter as its parts business achieved record revenue and pretax profits amid strong demand and booming e-commerce sales.
April 27, 2021GovernmentBusinessTechnologyEquipmentFuelAutonomous
Unpaid Taxes Another Troubling Sign for Lordstown Motors
CLEVELAND — The failure of Lordstown Motors, an Ohio-based electric truck startup, to pay $570,000 in real estate taxes due in early March is yet another troubling sign for a company that has been barraged by bad news this year.
April 27, 2021