It’s all in the numbers for Nikola
Nikola lays of 135 workers as it seeks to preserve its financial runway.
Nikola lays of 135 workers as it seeks to preserve its financial runway.
What does it mean to have a former Daimler Truck executive in charge of Torc Robotics? Experience guides a big mission focus
Romeo Power founder Michael Patterson shares what happened at the startup battery maker as a cautionary tale for other SPAC-backed startups.
Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.
Romeo Power locks in cell supply for its commercial batteries, paying a big price to assure it can answer demand from truck manufacturers.
Precipitous fall in company stock is a backdrop to change at the top of struggling battery maker Romeo Power.
Testing in Brooklyn convinced the New York City Department of Sanitation the Mack LR Electric refuse hauler has the right stuff for wider use.
Truck Talk is a weekly newsletter that adds perspective and context to issues affecting the trucking industry.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Romeo Power CEO Lionel Selwood saw the component shortages coming for commercial vehicle batteries. Romeo hedged by buying on the open market.
Romeo Power Inc. claims a two-year lead over competitors in the race to fast-charging, long-range batteries for electric trucks. But new entries, backed by blank-check companies like Romeo was, are flooding the market.
Nikola is recasting its board of directors to make crisis management and business expertise available to management as the electric truck startup seeks to regain credibility lost after a stratospheric beginning as a public company.
Mark Duchesne’s resume includes working at process-driven Toyota Motor Corp. and freewheeling Tesla Inc. Now he is trying to keep Nikola’s $600 million plant on schedule to build battery-electric trucks and the first fuel cell electric trucks by the end of 2021.
In today’s edition of The Daily Dash, Republic Services has canceled a 2,500-truck order with embattled hydrogen-electric truck maker Nikola Corp. Plus, Forward Air is on the road to recovery following a ransomware attack and Roehl is the latest carrier to announce a driver pay increase.
In the latest blow to already beleaguered Nikola Corp., Republic Services canceled an order for 2,500 battery-electric refuse trucks. It further calls into question how Nikola will generate revenue.
Commercial vehicle battery maker Romeo Power gets a blank check company’s backing as investors target electric components and infrastructure for electric trucks.
Nikola Corp.’s hunt for a partner to build hydrogen fueling stations for its electric trucks stalled because of a short seller report attacking founder Trevor Milton on the startup’s technology claims, the Wall Street Journal reported.
After testing its battery-powered LR Electric refuse truck in New York City and with Republic Services, Mack Trucks will take orders in Q4 for deliveries in 2021. Republic, however, committed in August to startup Nikola for 2,500 cabover Tre models beginning in 2022.
Short seller Hindenburg Research renewed its attack on Nikola after successfully beating down its shares. Nikola clams up as to whether the SEC is investigating.
Republic Services places largest single order in refuse market history, justifying Nikola’s decision to build its cabover Tre model in the U.S. after European launch in 2021.
The New York City Department of Sanitation will begin testing the first Mack LR Electric refuse truck, hoping to gain valuable insight into the viability of electric refuse vehicles.