28 May Safety Ratings Yanked After Tesla Pulls Radar From Two Models DETROIT — Two key groups that offer automobile safety ratings are yanking their top endorsements from some Tesla vehicles because the company has stopped using radar on its safety systems. Read more...
28 May Ford: Electric Vehicles to Be 40% of Global Sales by 2030 Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them. Read more...
27 May Average Price for Used Class 8 Sets All-Time Record The average sales price for a used Class 8 sold in April set the all-time record, clearing $57,000, 50% higher than a year earlier. Read more...
27 May Shipping Container Rates Top $10,000 From Asia to Europe The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains. Read more...
27 May Carriers Continue to Raise Wages Amid Driver Shortage Trucking companies are continuing to increase driver pay as labor capacity remains a challenge amid strong demand. Read more...
27 May Biden to Meet GOP Next Week on Infrastructure After Latest Offer President Joe Biden plans to meet with Republicans next week after a group of GOP senators pitched a fresh offer on a major new infrastructure plan that still left them over $1 trillion short of the White House’s latest proposal. Read more...
27 May Commerce Secretary Promotes Climate Resilience, Supply Chains at Senate Hearing Secretary of Commerce Gina Raimondo touted comprehensive climate change policy proposals President Joe Biden’s administration aims to tackle over the coming years. Read more...
27 May Aurora Expands Autonomous Trucking Tests in Texas Autonomous vehicle technology developer Aurora Innovation Inc. said it plans to expand testing throughout Texas as it works toward commercializing self-driving trucks. Read more...
27 May GOP Offers $928B on Infrastructure, Funded With COVID Aid Republican senators outlined a $928 billion infrastructure proposal May 27 that would tap unused coronavirus aid, a counteroffer to President Joe Biden’s more sweeping plan as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending. Read more...
27 May Rivian Hires Former Waymo CFO Gerard Dwyer Rivian Automotive Inc., the electric-vehicle startup backed by Amazon .com Inc., has hired a former finance chief from Alphabet Inc.’s self-driving arm Waymo. Read more...