Allison Reports Q4 Increases in Net Income, Revenue
Allison Transmission Holdings Inc. reported Q4 net income nearly doubled as diluted earnings per share jumped 117% and revenue in the period climbed 20%.
February 17, 2022Tesla Braking Issue Spurs Second NHTSA Probe Related to Autopilot
The National Highway Traffic Safety Administration is investigating complaints of Tesla Inc. cars with Autopilot driver assist that suddenly brake at high speeds, the latest in a string of confrontations between the company and safety regulators.
February 17, 2022Aurora Reports 2021 Results, Plans to Expand in 2022
Self-driving transportation company Aurora Innovation Inc. on Feb. 16 announced that its fourth-quarter and full-year losses widened, but also said that its available cash soared in the wake of becoming a public company late last year.
February 17, 2022US Factory Output Rises as Firms Navigate Supply Constraints
Production at U.S. factories rose modestly in January, suggesting manufacturers gradually are working through pandemic-related shortages of materials and labor that hobbled output in the prior month.
February 16, 2022San Francisco Lawmaker Pushes to Delay Amazon’s Expansion
A San Francisco supervisor has introduced legislation that would seek to place an 18-month moratorium on all new parcel delivery services in the city, including Amazon’s proposed 725,000-square foot, last-mile logistics center in Showplace Square.
February 16, 2022OPEC+ Must Fix Its Million-Barrel Supply Gap, IEA Says
The International Energy Agency urged OPEC and its allies to address a widening shortfall in their oil production as a volatile market sends crude prices rocketing toward $100 a barrel.
February 16, 2022Waymo to Haul Freight for C.H. Robinson in Texas Tests
Logistics giant C.H. Robinson is collaborating with Waymo to introduce autonomous trucks into its freight network, starting with multiple pilots in Texas.
February 16, 2022US OKs New Headlights That Won’t Blind Oncoming Drivers
The National Highway Traffic Safety Administration is about to allow new high-tech headlights that can automatically tailor beams so they focus on dark areas of the road and don’t create glare for oncoming drivers.
February 15, 2022Cummins to Build Engines for Low-Carbon Fuels
Cummins Inc. announced it will build a new family of internal combustion engines for a range of low-carbon fuels beginning in 2024 using core components on common engine blocks, with additional components installed to handle the specific fuel.
February 15, 2022Alphabet’s Wing Elevates Adam Woodworth to CEO
Alphabet Inc.’s Wing unit elevated its leading technology official to head the company as it seeks to rapidly expand its drone delivery operations, including in the Dallas suburbs.
February 15, 2022