Fuel

Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.

Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early this week, according to people familiar with the matter.

More than 1,700 gas stations are without electricity Feb. 19 because of the Texas power disaster, threatening to push pump prices even higher with key refineries in the state still shut.

Daimler AG reported a dip in revenue and a gain in net income in the fourth quarter compared with a net loss a year earlier.

Roger Nielsen’s four years as CEO of Daimler Trucks North America coincided with a time of rapid change in the commercial vehicle industry, highlighted by the introduction of electric-powered trucks and the continued advance of automated driving and connected vehicle technologies.

The U.S. Environmental Protection Agency is in its second year of a four-year enforcement effort to catch truckers who are installing emissions defeat devices or otherwise tampering with emissions systems.

Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause.

SACRAMENTO, Calif. — New legislation would ban all fracking in California by 2027, taking aim at the powerful oil and gas industry in a state already planning to ban the sale of new gas-powered cars by 2035.

Total U.S. oil production has plunged by close to 40% — the most ever — as an unprecedented cold blast freezes well operations across the central U.S., according to traders and industry executives with direct knowledge of the operations.