Workhorse on the bubble, or is it worse?
Perpetually troubled electric van maker Workhorse Group may be in worse shape than it appears. Little cash and slack orders are two factors.
Perpetually troubled electric van maker Workhorse Group may be in worse shape than it appears. Little cash and slack orders are two factors.
Seeking clues in TuSimple’s delayed financials; a case for an autonomous trucking slowdown; and Kodiak Robotics’ dual-use approach to autonomy.
Settling multiple distractions surrounding TuSimple was Cheng Lu’s priority when he returned as CEO in November.
Even with multiple investigations to close, TuSimple has three years worth of money to run its autonomous trucking business.
TuSimple co-founder Xiaodi Hou says his ouster was retaliation for failing to support a pay package for the rehired CEO whom he replaced.
The Wall Street Journal reported a federal watchdog group urged an espionage probe into TuSimple leaders, but the company denied the report.
Autonomous trucking developer TuSimple appointed three independent directors to right its ship after a month of boardroom drama.
The breakup with Navistar is a big deal for autonomous truck developer TuSimple, but its balance sheet could limit reputational damage.
Boardroom drama at TuSimple takes a new turn with the executive chairman holding 59% voting control of the company.
The Wall Street Journal reports multiple federal probes of TuSimple’s China dealings after a watchdog set up oversight in February.
The management shakeup at TuSimple has become a full management house cleaning. Hyliion sees early benefits following Cummins’ partnership.
Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
TuSimple claims a “clean bill of health” as a U.S. probe of foreign investment ends with an agreement to guard U.S.-developed technology.
Federal regulators are calling for a “full and thorough review” of the proposed purchase of the largest port operator in the U.S. by a Canadian pension firm.
TuSimple is sitting on $1.5 billion in cash as it ramps up hiring and expands its autonomous freight network.
TuSimple, the first autonomous vehicle software developer to go public, raised $1.1B at $40 per share, above the high-end of its estimated price..
New law strengthens U.S. government’s national security oversight of foreign investments in American companies that manufacture “critical” technologies and infrastructure, as well as own airport and seaport properties.