30 Apr EV-Charging Industry Is Doing Everything Except Showing a Profit President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit. Read more...
30 Apr TRB’s Registration Database Hacked in Ransomware Attack The Transportation Research Board’s annual meeting registration services database was compromised in March by cybercriminals in a ransomware attack, the organization announced April 28. Read more...
30 Apr VTNA, UAW Reach Tentative Agreement; Virginia Strike Ends Volvo Trucks North America announced the company and the United Auto Workers union reached a tentative agreement April 30 on the terms of a new five-year contract that would cover approximately 2,900 employees at the New River Valley truck assembly operations in Dublin, Va. Read more...
30 Apr Carper Urges Tough US Rules Barring Gas-Powered Cars by 2035 WASHINGTON — A top Senate Democrat is urging U.S. anti-pollution standards that would follow a deal brokered by California with five automakers and then set targets to end sales of new gasoline-powered vehicles by 2035, a goal that reaches further than President Joe Biden’s climate plan. Read more...
30 Apr Self-Driving Truck Startup Plus Reported to Plan Hennessy SPAC Deal Self-driving truck startup Plus is in talks to merge with special purpose acquisition company Hennessy Capital Investment Corp. V, according to people familiar with the matter, making it the latest autonomous vehicle maker seeking to go public via a blank-check firm. Read more...
30 Apr Exxon Posts $2.7 Billion Quarterly Profit After Unprecedented Year NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions. Read more...
30 Apr Amazon Q1 Sales Beat Estimates Amazon .com Inc. reported a big increase in sales and gave a bullish forecast, continuing a streak of rapid growth even as vaccine rollouts raised the prospect of a return to prepandemic shopping habits in the U.S. Read more...
30 Apr Dana Posts Q1 Gains as End Markets Recover Dana Inc. reported higher first-quarter net income and revenue and noted its once-shutdown end markets have recovered. Read more...
30 Apr Allison Reports Lower Net Income, Revenue in Q1 Allison Transmission Holdings Inc. reported lower net income and revenue for the first quarter amid progress in addressing the COVID-19 pandemic. Read more...
30 Apr PennDOT Launches Public Survey on Automated Vehicles The Pennsylvania Department of Transportation announced April 28 the launch of a survey meant to offer an idea of constituents’ perceptions and knowledge of automated vehicles. Read more...