Former TuSimple CEO Hou Scores Legal Victory Against Company
A Texas Business Court judge rejected TuSimple’s request for a restraining order and injunctions against the onetime autonomous trucking pioneer’s founder and his latest venture.
Court to Rule on TuSimple Governance, Cash Pile Fate in Q1
The Delaware Chancery Court ruled that TuSimple co-founder and former CEO Xiaodi Hou’s challenge to board selections and governance changes had enough merit to win the court’s time.
Ex-TuSimple CEO Hou Seeks to Liquidate Company’s Assets
TuSimple co-founder and former CEO Xiaodi Hou, who claims to be the company’s largest shareholder, is also seeking judicial aid in an increasingly bitter spat with former colleague Mo Chen.
Ex-TuSimple CEO Hou Re-Enters Autonomous Trucking Fray
His new venture — Bot Auto — will operate its own autonomous truck fleet and offer Transportation-as-a-Service to freight customers.
TuSimple to Wind Down US Operations, Lay Off 150 Employees
Self-driving truck technology provider TuSimple plans to lay off about 150 employees immediately, or 75% of the company’s U.S. workforce, and begin a wind-down of U.S. operations.
TuSimple Faces Report Deadline as Tucson Site Is Up for Sale
Self-driving truck developer TuSimple Holdings says it won’t be able to file its second-quarter 2023 financial report on time to meet a deadline imposed by the Nasdaq Stock Market.
TuSimple Eyes US Exit, Hires Bankers
TuSimple is exploring strategic alternatives for its U.S. operations, including a sale, which would see the self-driving truck technology provider focus on Asia-Pacific activities.
TuSimple Starts Level 4 Autonomous Truck Testing in Japan
TuSimple Holdings has begun Level 4 autonomous test runs on a major freight corridor in Japan, the autonomous driving technology company announced June 6.
TuSimple to Cut 151 Jobs at San Diego Headquarters
Self-driving truck company TuSimple Holdings has disclosed more details about plans to reduce its workforce by 30% — including that it will eliminate 151 jobs in San Diego.
TuSimple Cleared by FMCSA Over 2022 Arizona Incident
Autonomous driving technology company TuSimple said it has been cleared by the Federal Motor Carrier Safety Administration concerning an April 6, 2022, incident in Tucson, Ariz., when one of its trucks struck a concrete barrier on Interstate 10, which resulted in no injuries.