Dana Raises $400 Million for Green Projects
Dana Inc. announced it has priced its offering of $400 million aggregate principal amount of 4.25% senior notes due 2030 with net proceeds going toward recently completed or future eligible green projects.
April 30, 2021Meritor Marks ADB Manufacturing Milestone
Meritor Inc. announced a milestone for its York, S.C., manufacturing facility that recently produced its 1 millionth air disc brake, contributing to Meritor’s production of more than 10 million air disc brakes worldwide since 1981.
April 30, 2021Illinois Gov. Pritzker Directs $15 Million to Manufacturing Training Academies
In an effort to develop the manufacturing workforce, Illinois Gov. Jay “J.B.” Pritzker announced a $15 million investment to build two advanced manufacturing training academies.
April 30, 2021Drone Startup Manna Raises Cash for US Expansion
Manna has raised $25 million to expand its drone fleet’s operations, including the addition of delivery services for prescription medical supplies and an initial expansion into the U.S.
April 30, 2021EV-Charging Industry Is Doing Everything Except Showing a Profit
President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.
April 30, 2021TRB’s Registration Database Hacked in Ransomware Attack
The Transportation Research Board’s annual meeting registration services database was compromised in March by cybercriminals in a ransomware attack, the organization announced April 28.
April 30, 2021Carper Urges Tough US Rules Barring Gas-Powered Cars by 2035
WASHINGTON — A top Senate Democrat is urging U.S. anti-pollution standards that would follow a deal brokered by California with five automakers and then set targets to end sales of new gasoline-powered vehicles by 2035, a goal that reaches further than President Joe Biden’s climate plan.
April 30, 2021Self-Driving Truck Startup Plus Reported to Plan Hennessy SPAC Deal
Self-driving truck startup Plus is in talks to merge with special purpose acquisition company Hennessy Capital Investment Corp. V, according to people familiar with the matter, making it the latest autonomous vehicle maker seeking to go public via a blank-check firm.
April 30, 2021Amazon Q1 Sales Beat Estimates
Amazon .com Inc. reported a big increase in sales and gave a bullish forecast, continuing a streak of rapid growth even as vaccine rollouts raised the prospect of a return to prepandemic shopping habits in the U.S.
April 29, 2021Allison Reports Lower Net Income, Revenue in Q1
Allison Transmission Holdings Inc. reported lower net income and revenue for the first quarter amid progress in addressing the COVID-19 pandemic.
April 29, 2021