Business, Technology, Fuel

Amazon-Backed Rivian Aims for IPO This Year

Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc. and Ford Motor Co., is looking to go public as soon as September at a valuation of about $50 billion and perhaps more, according to people familiar with the matter.

February 10, 2021
Business, Equipment

American Tire to Eye $1 Billion Refinancing Post Bankruptcy

Bankers for American Tire Distributors Inc. are sounding out investors on a junk bond sale that would help the company refinance its debt more than two years after exiting bankruptcy, according to people with knowledge of the matter.

February 8, 2021
Business, Logistics, Top 50

Chinese Package-Delivery Firm SF Holding Eyes Stake in Kerry Logistics

SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.

February 4, 2021
Government, Business, Technology

Chinese Trucking Startup Full Truck Alliance Eyes $1 Billion US IPO

Uber-like Chinese startup Full Truck Alliance is preparing for a U.S. initial public offering that could raise at least $1 billion as soon as this year, after eking out a slim 2020 profit thanks to a pandemic-era shipping surge.

January 28, 2021
Government, Business, Fuel

Biden to Require Electric Trucks at USPS, Federal Agencies

President Joe Biden is preparing an executive order to marshal the federal government’s purchasing power by requiring that federal agencies — including the U.S. Postal Service — buy clean vehicles and renewable power, according to three people familiar with the matter, though the timing of the announcement isn’t clear.

January 26, 2021
Government, Business, Fuel

EPA Readies Biofuel Waivers, Delays for Trump’s Final Days

The Trump administration is expected to exempt some oil refineries from 2019 mandates to use renewable fuel as it readies possible last-minute moves on U.S. biofuel policy.

January 13, 2021
Business, Technology, Fuel

Hunt for the Next Tesla Fuels Wave of EV Deals

Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.

January 12, 2021
Business, Technology

Lucid Motors Reportedly in Talks to Go Public

Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special-purpose acquisition companies, according to people familiar with the matter.

January 11, 2021
Government, Business

Biden’s Go-Big Stimulus Plans Will Test Closely Divided Senate

President-elect Joe Biden’s plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays.

January 11, 2021
Business, Technology, Logistics

Chips Shortage Hits Global Automakers

A semiconductor shortage is pinching some of the world’s biggest auto manufacturers, costing Daimler AG, Nissan Motor Co., Honda Motor Co., Ford Motor Co. and Fiat Chrysler Automobiles NV production for a range of cars.

January 8, 2021