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BusinessTechnologyTCA

EV Startup Arcimoto Removes CEO Mark Frohnmayer

Electric vehicle manufacturer Arcimoto abruptly removed founding CEO Mark Frohnmayer on Aug. 12, promoting another executive to run the company on an interim basis.

August 12, 2022
GovernmentBusinessTechnology

Battery Giants, Hyundai Concerned by US Moves on China Supplies

South Korea’s biggest electric car batterymakers and Hyundai Motor Co. have expressed concern over new U.S. legislation aimed at boosting domestic production of EVs and reducing the use of Chinese materials.

August 12, 2022
GovernmentBusinessTechnology

Mercedes, CATL Partner on $7.6 Billion Hungary Battery Plant

Mercedes-Benz Group AG will join China’s Contemporary Amperex Technology Co. Ltd. in building a battery factory in Hungary with an investment of as much as $7.6 billion.

August 12, 2022
GovernmentBusinessTechnologyEquipmentFuel

Tesla, Nikola Race for Up to $40,000 Incentives

The Inflation Reduction Act would give up to $40,000 tax credits per heavy-truck purchase, suggesting that competition to get the Tesla Semi to compete with Nikola will heat up.

August 12, 2022
GovernmentBusiness

DOT Awards $2.2 Billion for Infrastructure Projects

Reducing truck waiting times at ports was a recurrent objective among some of the 166 projects awarded $2.2 billion in infrastructure grants announced by the U.S. Department of Transportation.

August 11, 2022
BusinessFuel

Rivian Cuts Annual Earnings Forecast on Inflation, Supply Woes

Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply chain snags, high costs and economic volatility.

August 11, 2022
GovernmentBusinessTechnologySafetyAutonomousTCA

Pennsylvania Experts, Lawmakers Ponder AV Safety Regulations

When it comes to autonomous vehicles, there isn’t just one way to go about safety. State regulators draft legislation. Independent firms create recommendations. Individual companies devise their own protocols. Stakeholders can agree on one thing: Safety is important.

August 11, 2022
BusinessEquipmentBreaking News

US Class 8 Retail Sales in July Present Mixed Picture

Class 8 U.S. retail sales in July rose 21.9% higher compared with a year earlier but stalled when measured against the past four months, Wards Intelligence reported. All truck makers but one reported gains.

August 11, 2022
GovernmentBusinessLogisticsPerspective

Perspective: Taking Industry Action on AB 5

The Transportation Intermediaries Association was extremely disappointed that the Supreme Court elected not to hear California Trucking Association's challenge to the Ninth Circuit ruling.

August 11, 2022
GovernmentBusinessTechnologySafetyFuel

Congress Eyes Finish Line for Freight-Centric Budget Bill

Debate on a multibillion-dollar budget bill targeting supply chain connectivity concerns, clean energy initiatives and economic incentives remains front-and-center on Capitol Hill.

August 11, 2022

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