Tesla to Buy Battery-Tech Firm Maxwell for $218 Million in Stock
Tesla Inc. agreed to acquire battery-technology company Maxwell Technologies Inc. for about $218 million in stock, as Elon Musk’s electric-car maker adds expertise in energy storage and power delivery.
February 4, 2019EPA's Andrew Wheeler Says New Glider Truck Rule Would Consider Impact on Manufacturers
The U.S. Environmental Protection Agency plans to tailor its new glider truck emissions standard to help protect the glider industry from “going out of business or substantially reducing its economic growth potential,” agency chief Andrew Wheeler said in a document sent to Congress.
February 1, 2019New Mexico State Senate Panel Passes Tesla-Backed Bill
A state Senate bill that would allow electric vehicle manufacturer Tesla and others to open stores and service centers in New Mexico was approved by the Public Affairs Committee on Jan. 31.
February 1, 2019Amazon, Walmart Reel as India Curbs Plunge Market Into Chaos
Amazon.com’s and Walmart Inc.’s grand plans for India were thrown into chaos Feb. 1 after the country implemented new e-commerce regulations, which could cut their growth in the market by as much as half this year.
February 1, 2019Mack Trucks Looks to Maintain Momentum in 2019
For Mack Trucks, 2018 was a good year. While the company’s market share declined slightly, Mack had its best year of production since 2015 and orders flew in at a double-digit clip, keeping the manufacturer’s Lower Macungie Township plant busy as it tried to keep up with demand.
February 1, 2019Lithium-Rich Chile Seeks to Become Major Player in Battery Sector
The country holding the world’s largest reserves of lithium says it is one step closer to becoming a manufacturing hub for rechargeable batteries used in electric vehicles.
February 1, 2019Tesla’s Sales Top Expectations, but Earnings Disappoint
Tesla on Jan. 30 reported fourth-quarter results that included better-than-expected sales — but its earnings supported CEO Elon Musk’s assertion from earlier this month that the electric-car maker has a “very difficult” road ahead in 2019.
January 31, 2019Connecticut Makes Push Toward Electrifying Vehicle Fleet
The Connecticut state Department of Motor Vehicles says less than a third of 1% of the state’s 2.9 million registered vehicles are electric, and lawmakers, clean energy advocates and labor and business groups say that ratio must drastically change for the state to hit its aggressive targets for pollution cuts.
January 31, 2019Texas Forms Self-Driving Car Task Force
The Texas Department of Transportation is moving forward with the formation of a Connected and Autonomous Vehicle (CAV) Task Force, made up of membership from state and local governments, academia, TxDOT staff and the autonomous vehicle industry.
January 31, 2019Cargo Chief Raises $2.5 Million in Venture Capital
Cargo Chief, which provides a carrier integration platform for 3PLs, announced it has raised more than $2.5 million, according to a Jan. 25 press release.
January 31, 2019