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, 2021Plus Signs Agreement for Lidar Sensors From Ouster
Plus, a developer of automated truck technology, announced Ouster Inc. will provide its digital lidar sensor to outfit key elements of Plus’ automated truck system.
February 10, 2021C.R. England Files RICO Lawsuit in New Orleans Staged Accident
C.R. England on Feb. 9 filed a sweeping federal Racketeer Influenced and Corrupt Organization Act civil lawsuit alleging that a New Orleans law firm and six co-conspirators were paid a total of $4.7 million in a fraudulent settlement for a staged accident with an England tractor-trailer in 2015.
February 9, 2021First Trial Set for May 10 in New Orleans Staged Accident Charges
Genetta Isreal, a 51-year-old Houston woman indicted for her alleged role in a June 2017 staged accident in New Orleans with a tractor-trailer, is set to go on trial May 10.
February 9, 2021Main Street Lending Program Spent Only 3% of Total
The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to midsize U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released Feb. 9 by the central bank.
February 9, 2021Apple More Than Doubled Autonomous Road Tests in 2020
Apple Inc. more than doubled road testing of its self-driving cars in 2020 as its autonomous technology improved, according to a report filed with the California Department of Motor Vehicles.
February 9, 2021ZF Expands US Transmission Production
ZF Friedrichshafen AG announced it is investing $200 million in commercial vehicle transmission manufacturing in North America.
February 9, 2021Aurora Partners With Toyota in Bid to Bring Autonomy to Masses
Aurora Innovation Inc., a Silicon Valley-based autonomous-driving startup with at least a $10 billion valuation, has agreed to a long-term strategic partnership with Toyota Motor Corp. and its supplier Denso Corp. that aims to mass produce autonomous vehicles and launch them on ride-hailing networks, including Uber’s, over the next few years.
February 9, 2021Uptake Expands Beyond Trial With PepsiCo
Uptake Technologies Inc. announced that the U.S. beverage and Frito-Lay divisions of PepsiCo have begun using its predictive maintenance software beyond the four-month trial period.
February 9, 2021Democrat Ron Bloom Named Postal Board Chair Amid Calls to Fire Louis DeJoy
The U.S. Postal Service, struggling with slow delivery following disruptive changes by Postmaster General Louis DeJoy, selected a Democrat as its board chairman.
February 9, 2021