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, 2022Congress 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, 2022Rivian Leads EV Slump After Investors Shun Money Losers
Even a breakthrough U.S. climate bill designed to encourage sales of electric cars has failed to revive investor interest in Rivian Automotive Inc., as the risk-hungry traders who catapulted its shares to dizzying heights last year shun companies for whom profitability is still years away.
August 11, 2022Gas Prices Dip Just Below $4 for First Time in 5 Months
Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials.
August 11, 2022Daimler Truck Shrugs Off Supply Chain Issues With Rising Sales
Daimler Truck Holding AG overcame supply chain headwinds to increase unit sales during the second quarter of 2022, the company reported Aug. 11.
August 11, 2022Nikola CEO Mark Russell to Retire Jan. 1
Truck manufacturer Nikola Corp. has announced a leadership change that places a 20-year automotive industry veteran at its helm.
August 10, 2022FHWA Charting Path for National EV Charging Network
Due to a lack of national standards and different practices at electric vehicle charging stations, the Federal Highway Administration is preparing to establish regulations that shape what those stations must be like in states that receive federal funds.
August 9, 2022ATRI Reports Cost of Trucking Notches Record in 2021
Soaring prices for diesel fuel, rising maintenance costs and higher wages for drivers pushed the price of operating a truck up 12.7% in 2021 to $1.855 per mile — the highest level on record — according a report released Aug. 10 by the American Transportation Research Institute.
August 9, 2022Startup Autonomy Orders 22,790 EVs to Form Subscription Fleet
Tesla, GM, Volkswagen and Ford are among the automakers set to get big orders from Autonomy, a startup offering drivers the option of subscribing to an electric vehicle instead of buying one outright.
August 9, 2022Georgia Extends Fuel Tax Suspension Through Sept. 12
State taxes on diesel and gasoline in Georgia will continue to be suspended through Sept. 12 after Gov. Brian Kemp extended an expiring executive order issued earlier this year.
August 9, 2022