Torc Robotics was the first AV startup to partner with a truck manufacturer since becoming part of Daimler Trucks in 2019. Torc CEO Michael Fleming says utilizing Daimler’s relationships with fleets is helpful in the race to launch the first market-ready self-driving truck.
In today’s edition, we highlight a big announcement by Daimler, significant money raised by an insurtech startup and another encouraging sign for the future.
General Motors is not the first automaker to commit to science-based carbon neutrality. Industry experts agree it will accelerate trucking electrification and the greening of the supply chain.
Daimler Truck and Volvo Group expect to hit the ground running in their fuel cell joint venture. Volvo is buying Daimler’s expertise and helping offset the development cost of the zero-emissions technology while the rivals will compete in producing hydrogen-powered trucks.
The departure of Andreas Renschler as CEO of TRATON assures that new executives at TRATON and Navistar will oversee what most see as an inevitable combination.
Daimler Trucks AG is creating a fuel cell subsidiary as a forerunner to a 50-50 joint venture with Volvo Group to make fuel cell-powered backup systems for data centers and eventually hydrogen-fueled heavy-duty trucks.
Growing competition leads Mitsubishi Fuso Truck and Bus Corp. to decide against selling medium-duty trucks in the U.S. and Canada after current inventory is sold. Parts and service pledged through 2028.
