04 Oct GM’s Future EVs Get Range Boost With Wolfspeed Deal General Motors’ future electric vehicles will offer more range on a single charge and charge faster because of a new supplier agreement it announced with Wolfspeed Inc. Read more...
04 Oct NHTSA Rejects 2019 Petition to Probe Tesla Battery Software The National Highway Traffic Safety Administration rejected a 2019 petition to open a formal investigation into Tesla Inc.’s battery management software, according to documents posted to the agency’s website. Read more...
04 Oct Roger Nielsen Joins SafeAI Board SafeAI Inc., which is helping off-road industries including mining and construction move toward autonomy, announced that former Daimler Trucks North America CEO Roger Nielsen has joined its board of directors. Read more...
04 Oct Oil at Seven-Year High After OPEC+ Decides on Cautious Increase FRANKFURT, Germany — Oil prices jumped after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. Read more...
04 Oct Christmas at Risk as Supply Chain ‘Disaster’ Only Gets Worse Bottlenecks that gummed up the global supply chain in 2020 have only gotten worse, and evidence is mounting that the holiday season is at risk. Read more...
04 Oct GM-Backed Cruise Sees Autonomous Unit Growing Past $50 Billion Cruise, the autonomous vehicle startup majority-owned by General Motors Co., will tell investors this week that it sees a path for its ride-hailing business to reach $50 billion in revenue as the company ramps up over the next couple of years, people familiar with the matter said. GM’s shares jumped. Read more...
04 Oct UK Military Begins Fuel Delivery Amid Driver Shortage LONDON — British military personnel have begun delivering fuel to gas stations after a shortage of truck drivers disrupted supplies for more than a week, leading to long lines at the pumps as anxious drivers scrambled to fill their tanks. Read more...
04 Oct Leasing Firm Avolon Cuts Deal to Convert Airbus A330s for Cargo Jet-leasing firm Avolon Holdings Ltd. will work with Israel Aerospace Industries Ltd. to convert 30 Airbus SE wide-bodies for use as freighters, targeting an area in which demand has soared during the coronavirus pandemic. Read more...
03 Oct Sinema Denounces House Liberals for Inaction on Infrastructure Bill Sen. Kyrsten Sinema criticized House liberals on Oct. 2 for delaying a vote on the bipartisan infrastructure bill she helped negotiate, blaming them for eroding trust in elected officials. Read more...
01 Oct Rivian Details $1 Billion Loss, Amazon Deal in IPO Filing Rivian Automotive Inc., the maker of electric pickups backed by Amazon .com Inc., disclosed a net loss of almost $1 billion in the first half of the year in its initial public offering paperwork. Read more...