James Taylor will take his second run at leading a commercial electric truck company as the new CEO of Bollinger Motors.
The soap opera that is Nikola Corp. has been renewed for a new season with the company taking aim at convicted founder Trevor Milton.
Natural gas may be having a moment as an alternative fuel for trucking, but there are a few nagging questions.
A big fine for Lordstown Motors and SuperTruck news carry the week over Work Truck Week and technology and maintenance event.
Nikola is in no hurry to artificially boost its stock price to ward off its second Nasdaq delisting notice in eight months.
One-time autonomous trucking leader TuSimple took the next step in its pullout from the U.S. market by voluntarily delisting from the Nasdaq.
Nikola Corp. founder Trevor Milton outside federal court after being sentenced to four years in prison. (Photo: Matthew Lee/Inner City Press)
Nikola is offering 133.3 million new shares at 75 cents each and issuing $175 million in new debt to scale its fuel cell truck business.
TuSimple Holdings is following through on winding down its U.S. autonomous trucking business, laying off 150 more employees.
Defense attorneys offered 50 pages of reasons why convicted Nikola founder Trevor Milton should not go to prison. There may be more to say.
Nikola Corp. founder Trevor Milton is seeking probation instead of prison on his federal fraud convictions.
Hyzon Motors is focused on launching its 200-kilowatt fuel cell for heavy trucks now that its legal problems are mostly resolved.
Ryder System Inc. is acquiring contract manufacturing and packing company Impact Fulfillment Services in a deal involving operations in 15 states.
Steve Burns cashed out more than $60 million in stock in Lordstown Motors. Now he is buying its assets out of bankruptcy for $10 million.
Hyzon Motors agreed to pay a $25 million fine to settle a Securities and Exchange Commission fraud case.
The timing in promoting its growing patent portfolio could suggest TuSimple is trying to find a buyer for its U.S. business.
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.
Hyzon Motors is willing to consider selling itself or merging to keep making progress on its fuel cell system.
Cash-strapped electric bus and battery maker Proterra Inc. sought bankruptcy protection Monday and plans to operate during reorganization.
Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold.
Even as it pivots from the U.S. market for autonomous trucks, TuSimple still faces threat of Nasdaq delisting over late reports
Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary.
Nikola Corp. is laying off 270 employees as its cash condition worsens and company founder Trevor Milton takes shots at leadership.
Hyzon Motors is not out of the woods yet, but it is current on required financial filings and has streamlined its fuel cell business.
Lordstown Motors dodged delisting from the Nasdaq by a reverse stock split, but its future remains murky.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
Cummins wants its filtration business to stand alone, but the engine and power distribution company will keep at least 80.5%.
Aurora Innovation and Continental AG are partnering to build the Aurora Driver autonomous hardware to scale for the U.S. in 2027
Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
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.
Nikola Chief Financial Officer Kim Brady retires as electric truck maker’s financials deteriorate and stock price hovers near all-time low.
TuSimple co-founder Xiaodi Hou says his ouster was retaliation for failing to support a pay package for the rehired CEO whom he replaced.
TuSimple co-founder Xiaodi Hou quit the board at the autonomous trucking startup as the company investigated him for employee poaching.
Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.
Embark Trucks, the original autonomous trucking company, may put itself up for sale or liquidate after laying off 70% of its employees.
Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.
Prosecutors allege former Slync CEO Chris Kirchner misappropriated over $28 million from the company he helped launch to fund his lavish lifestyle.
The breakup with Navistar is a big deal for autonomous truck developer TuSimple, but its balance sheet could limit reputational damage.
When the 35 fuel cell trucks Hyundai is importing to California arrive in 2023, the South Korean automaker instantly assumes U.S. leadership.
Hydrogen fuel cell truck maker Hyzon Motors faces Nasdaq deadlines after missing a financial filing for the second consecutive quarter.
Boardroom drama at TuSimple takes a new turn with the executive chairman holding 59% voting control of the company.
Mark Russell has been selling converted options in Nikola daily since mid-September, which is not a good look for a company CEO.
TuSimple fired co-founder Xiaodi Hou as CEO and kicked him off the board amid federal probes into dealings with China.
The federal government made SPAC-sponsored Nikola founder Trevor Milton an example of corporate greed. Will others follow?
The Trevor Milton fraud trial heads for jury deliberations Friday following invective-tinged final arguments.
Nikola founder Trevor Milton’s fraud trial was delayed until Oct. 11 because a defense attorney tested positive for COVID-19.
A Nikola whistleblower collected $600,000 from a short seller of the company’s stock and could be in line for a bigger payday from the SEC.
Nikola founder Trevor Milton bought 3 million shares of electric truck company stock weeks before his criminal trial is to start.
Hyzon Motors, which went public a year ago in a merger with a blank check shell company, is the latest electrification startup in trouble.
Proxy hunters bagged enough votes to give electric truck maker Nikola the financial flexibility it had been seeking since June.
Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.
Nikola will try for a fourth time to win a proxy fight with indicted founder Trevor Milton as the electric truck maker fell short of votes again.
While companies generally support the Securities and Exchange Commission’s goals of providing climate data to investors, they have apprehension about the burden the rules could place on small carriers.
Canoo Inc. in May said its survival was iffy. With Walmart’s order of 4,500 electric delivery vehicles, the near term looks brighter.
Trevor Milton is angling to use privileged conversations at the electric truck maker in his criminal defense, but Nikola is fighting back.
Nikola founder Trevor Milton has been irritating the company he once led since leaving in September 2020.
It’s the end of the line for Electric Last Mile Solutions as it becomes the first transportation SPAC to file for bankruptcy liquidation.
Last Mile Solutions told the Securities and Exchange Commission it is nearly out of cash and could run out of money this month.
Nikola is raising money to scale its production of electric trucks through sales of new stock and tapping an equity line of credit.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Nikola has put wheels in motion to sell up to $1.2 billion in new stock to keep scaling its electric truck and hydrogen businesses.
ndicted Nikola Corp. founder dropped his attempt to move his criminal trial out of New York and sold more stock as trial date was reset to July.
Nikola is asking shareholders to dilute their investment by authorizing 200 million new shares of the electric truck maker that could raise $1.5 billion.
Lordstown Motors is sticking to planned production of the Endurance electric pickup truck in Q3, but a shortage of cash makes the plan uncertain.
Electric truck maker Nikola projects it will build 300-500 battery-electric trucks this year and post up to $150 million in revenue.
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.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Nikola avoids admitting wrongdoing, but the SEC lays out a litany of misdeeds that led to the $125 million settlement.
Hedge funds and retail investors led the takeoff in transportation SPACs that are barely staying aloft. Guess who gets the better end of that deal?
Nikola’s founder sells another large chunk of his holdings in the electric truck startup that wants him to reimburse an expected $125 million SEC fine.
The Nikola founder fails in the bid to get his fraud trial moved out of New York to Arizona or Utah, where his wife is ill.
Suspending electric van production, converting debt to equity and reducing cash burn are among the new CEO’s early moves at the troubled Workhorse Group.
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor […]
Aurora Innovation and Embark Trucks will soon join TuSimple Holdings as stocks betting on the future of driverless trucks.
Taiwan’s Foxconn would manufacture Lordstown Motors’ Endurance electric pickup truck under an agreement to buy the former GM assembly complex.
Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.
On the heels of a short seller’s takedown, Workhorse halts electric van deliveries and recalls units already in customer hands.
Short seller Fuzzy Panda dumps dirt on Workhorse, including confirming an SEC probe of the troubled electric delivery van maker.
Romeo Power locks in cell supply for its commercial batteries, paying a big price to assure it can answer demand from truck manufacturers.
Just as his former company distances itself from him, indicted Nikola Corp. founder Trevor Milton continues to reduce his stake.
Truck Talk is a weekly newsletter offering perspective and context on the trucking industry.
Hyzon Motors, the fuel cell electric truck maker, has $550 million to invest in production, R&D, and hydrogen making for trucks and buses.
Aurora Innovation gets a $10.6 billion enterprise value, the second highest of four autonomous driving software developers seeking to go public.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the heavy-duty and commercial trucking sector.
Embark Trucks plans to go public at a $5.16 billion valuation with sponsorship by the special purpose acquisition company that backed Lion Electric.
Amazon is ordering 1,000 trucks and will pay $150 million for a 20% stake in autonomous truck software developer Plus.
Acronyms like SPAC and PIPE dominate business news as the abbreviated path to public ownership becomes increasingly common.
Two days after declaring it had binding orders for its commercial electric pickup trucks, Lordstown Motors backtracked in an SEC filing.
Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.
Lordstown Motors Corp.’s top two executives are out following an internal investigation into allegations of phony preorders for electric pickup trucks.
Once high-flying SPAC Lordstown Motors said Tuesday it may fail without more money to produce commercial electric pickup trucks.
Navistar was hit by a cyberattack in late May, but the truck maker said it is working with cybersecurity experts to minimize the impact.
The blank-check route to going public is losing steam, but Aurora Innovation may take the plunge in a SPAC led by one of its investors.
The Q1 earnings call covers everything but financials as Hyliion Holdings reworks its filings to show stock warrants as liabilities instead of equity.
The Teamsters union is seeking executive compensation reform at XPO.
Nikola exposes battery-electric Class 8 Tre to 25 fleet customers and gets first firm order for delivery late this year.
