Uber-Backed Joby Aviation Goes Public; Share Price Slides
Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, will begin trading Aug. 11, testing the imaginations of public investors.
August 11, 2021Lightning Soars on Deal With Buffett-Backed Bus Maker
Lightning eMotors Inc. shares surged after the company that electrifies commercial vehicles announced a strategic partnership with a Berkshire Hathaway Inc.-backed bus maker.
August 10, 2021Qualcomm Offers $4.6 Billion for Veoneer, Topping Magna Bid
Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month.
August 5, 2021Driverless Semi Reaches Milestone in Test, Plus Says
Driverless truck technology company Plus revealed Aug. 5 that it has completed a demonstration on a highway in China.
August 5, 2021Paccar’s New CTO Sees Electrification, Autonomy Transforming Truck Market
WASHINGTON — After years of working with emerging technologies in the automotive sector, Paccar Inc.’s new chief technology officer sees a similar transformation unfolding in the commercial truck market.
July 30, 2021Elon Musk Denies Talking Apple-Tesla Merger With Tim Cook
Tesla Inc. CEO Elon Musk said July 30 that he never met with Apple Inc. about a potential takeover and slammed the tech giant’s App Store fees, calling them a “global tax on the internet.”
July 30, 2021Nikola Founder Trevor Milton Charged With Misleading Investors
NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic.
July 29, 2021TuSimple, Ryder Partner on Terminals for Autonomous Trucks
Self-driving truck developer TuSimple and Ryder System Inc. announced a partnership intended to leverage select Ryder fleet maintenance facilities to serve as terminals on TuSimple’s Autonomous Freight Network.
July 29, 2021XPO Posts Q2 Profit on Record Revenue
Lifted by the highest revenue of any quarter in its history, XPO Logistics Inc. swung its second-quarter bottom line to a profit from a loss in the year-ago period.
July 29, 2021How Drones Help Workers Inspect Wind Turbines
Nearthlab’s drones use artificial intelligence and laser technologies to help pinpoint potential damage and reduce the chance of accidents during human inspections of wind turbines.
July 28, 2021