Diesel Sheds 0.2¢ a Gallon to $3.342
The national average price for a gallon of diesel dipped two-tenths of a cent to $3.342 a gallon, according to Energy Information Administration data released July 26.
July 26, 2021Lordstown May Raise Millions From Investment Fund
Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global.
July 26, 2021Airports in West Deal With Shortage of Jet Fuel
A shortage of jet fuel, coupled with supply chain issues and an urgent demand from firefighting aircraft, continues to cause problems at airports around the West.
July 26, 2021Lucid Clinches SPAC Deal With 11th-Hour Appeal
Lucid Motors Inc.’s last-gasp appeal to investors succeeded in pushing through approval for the electric-car startup’s deal to go public by merging with a blank-check company.
July 23, 2021After Chip Crisis, Is Battery Shortage Next?
Rising demand from electric vehicles and challenges in securing raw materials will deliver a battery supply crunch for automakers already grappling with a chip crisis, according to a key Chinese manufacturer.
July 23, 2021EV Pickup Truck Maker Rivian Plans Second US Factory
Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., is looking for a location for a second assembly plant in the U.S. before it has produced its first vehicle.
July 22, 2021EV Startup Lucid’s SPAC Deal in Jeopardy
The blank-check company seeking to buy electric-car startup Lucid Motors Inc. made a last-minute appeal for retail shareholders to vote for the deal amid signs that it’s struggling to win their approval.
July 22, 2021Mercedes Sketches Out All-Electric Scenario by Decade’s End
FRANKFURT, Germany — Daimler AG’s luxury car brand Mercedes-Benz is stepping up its transition to electric cars, doubling the planned share of sales by 2025 and sketching out a market scenario in which new car sales would “in essence” be fully electric by the end of the decade.
July 22, 2021BHP Mulls Oil Exit in Retreat From Fossil Fuels
BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter.
July 20, 2021World’s Road Fuel Demand to Peak Earlier Than Expected
Demand for gasoline and diesel to fuel cars and trucks will peak in 2027 — four years earlier than expected — as more fuel-efficient autos and increasing adoption of electric vehicles curb global consumption, according to BloombergNEF.
July 20, 2021