GM to Plan Third EV Plant in Big Plug-In Bet
General Motors Co. is investing more than $2 billion in six U.S. plants, including a makeover of a former Saturn plant in Tennessee into its third factory to produce electric models.
October 20, 2020RK Logistics Accelerates Silicon Valley Expansion Plans
RK Logistics Group is accelerating its expansion into Silicon Valley with new facilities, company leadership detailed Oct. 19.
October 20, 2020VTNA Awarded $21.7 Million in Grants to Deploy Electric Trucks
VTNA said it was awarded $21.7 million in federal and state grants to deploy 70 VNR Electric trucks in Southern California for regional freight distribution and drayage.
October 19, 2020Tesla to Start Exporting China-Made Model 3 Cars to Europe
Tesla Inc. will start exporting Model 3 cars made at its gigafactory on the outskirts of Shanghai to Europe later this month, the automaker said in a statement sent via WeChat.
October 19, 2020Lightning Systems to Supply Fluid Truck With Electric Rental Trucks
Lightning Systems, a provider of complete electrification solutions for urban commercial fleets, announced that Fluid Truck placed an order for 600 Lightning electric vehicles that will be made available starting in the fourth quarter.
October 16, 2020Proterra Gets $200 Million From Private Equity Firms
Proterra, whose focus is on heavy-duty electric transportation especially for buses, announced a $200 million investment led by Cowen Sustainable Advisors along with supporting investments from Soros Fund Management, Generation Investment Management and Broadscale Group.
October 16, 2020Shell Adds E-Fluids to Portfolio
Royal Dutch Shell announced it added Shell E-Fluids to its specialized fluids portfolio to support battery-electric and fuel-cell electric powertrains for commercial light-, medium- and heavy-duty vehicles.
October 16, 2020GM to Rename Michigan Plant ‘Factory Zero’
DETROIT — General Motors Co. on Oct. 16 renamed its Detroit-Hamtramck Assembly plant “Factory Zero,” a sign of GM’s deepening commitment to an electric future that insiders call “zero zero zero.”
October 16, 2020Traton, Navistar Reach Agreement on $3.7 Billion Buyout
Traton SE announced Oct. 16 it had agreed to Navistar International Corp.’s condition of a per-share price of $44.50 and will acquire all shares it does not already own as part of a $3.7 billion purchase of the U.S. truck maker.
October 16, 2020Nikola Shares Plunge After CEO Says Startup Can Go It Alone
Nikola Corp. CEO Mark Russell sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.
October 16, 2020