Ford CEO Farley: No Plan to Spin Off EV Business
DETROIT — Ford Motor Co. CEO Jim Farley says the automaker has no plans to spin off its electric vehicle or internal combustion businesses, but is reinventing itself by removing costs and ramping up for large-scale EV and software sales.
February 23, 2022TravelCenters of America Reports Strong Q4 Results
TravelCenters of America Inc. reported fourth-quarter net income soared and revenue nearly doubled.
February 23, 2022Biofuel Maker Renewable Energy Explores Sale Options
Renewable Energy Group Inc., a green diesel maker, is exploring options after receiving takeover interest, including selling itself, according to a person familiar with the matter.
February 23, 2022EPA Slams USPS Plan for Mostly Gas-Powered Mail Trucks
The U.S. Postal Service has finalized a contract to replace its mail truck fleet with almost all gasoline-powered models, drawing an angry response from Biden administration officials who unsuccessfully pushed the agency to buy electric vehicles instead.
February 23, 2022Chevron Aims to Lower Emissions at Five US Well Sites
Chevron Corp. is looking to show it can lower methane emissions at five oil well sites in Texas and Colorado as part of an industry push into “responsibly sourced” gas.
February 23, 2022Biden Wants to Cut Into China’s Electric Battery Dominance
SACRAMENTO, Calif. — President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Feb. 22 as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.
February 23, 2022Fire Subsides on Cargo Ship Carrying Volkswagen EVs
LISBON, Portugal — A fire aboard a ship carrying cars in the Mid-Atlantic is dying out, a Portuguese navy officer said Feb. 22, and the huge vessel is expected to be towed to the Bahamas.
February 22, 2022Michael Lohscheller Named President at Nikola Motor
Nikola Corp. named Michael Lohscheller president of Nikola Motor with the aim of scaling its global heavy-duty truck business.
February 22, 2022Explosion, Fire Rock Marathon’s Huge Louisiana Refinery
Marathon Petroleum Corp.’s oil refinery near New Orleans exploded into flames on Feb. 21, threatening to crimp fuel supplies and raise pump prices at a time of already rampant inflation.
February 22, 2022Kenworth Receives Its Largest Order to Date for BEVs
Kenworth Truck Co. announced it received its largest Kenworth battery-electric vehicle order placed to date. Jack Khudikyan, owner of AJR Trucking and MDB Transportation, ordered 15 Kenworth T680E and 10 Kenworth K270E battery-electric vehicles from Inland Kenworth in Montebello, Calif.
February 18, 2022