03 Feb California Leads in Electric Vehicle Policies, Practices, Energy Nonprofit Says California is by far the national leader in enabling the use of electric cars and medium- and heavy-duty electric trucks, according to a state-by-state evaluation of electric vehicle policies and practices compiled by a leading nonprofit energy efficiency group. Read more...
03 Feb Volvo Group Posts Higher Q4 Net Income Volvo Group reported fourth-quarter net income rose amid a surge in North American truck orders, but revenue slipped. Read more...
03 Feb Ford Overhauls Pricey Raptor Truck to Take On Surging New Rivals With new competition nipping at its wheels, Ford Motor Co. has overhauled its rugged F-150 Raptor model, a pricey and profitable pickup the company calls its “trophy truck.” Read more...
03 Feb US Senate Committee Approves Raimondo’s Nomination Rhode Island Gov. Gina Raimondo’s nomination to become the country’s next secretary of commerce advanced to the floor of the U.S. Senate after a committee voted favorably on her qualifications. Read more...
03 Feb Daimler Truck Poised to Become Public Company Daimler AG plans to split up into the world’s largest makers of luxury cars and commercial vehicles, renaming itself Mercedes-Benz and separately listing its truck unit by year-end. Read more...
03 Feb GM’s BrightDrop to Make EV600s for Merchants Fleet DETROIT — Merchants Fleet, a fleet management company, plans to purchase commercial EV vans from General Motors Co.’s newly formed company BrightDrop. Read more...
03 Feb Eaton Reports Higher Q4 Net Income Power management company Eaton Corp. reported higher fourth-quarter net income and a decline in revenue. Read more...
03 Feb Amazon Starts Road Testing Rivian Electric Vans in Los Angeles Amazon.com Inc. began testing the first lot of its Rivian Automotive Inc. electric delivery vans in Los Angeles as it works to fulfill a pledge to meet the goals of the Paris climate accord 10 years early. Read more...
03 Feb EV Startup REE Plans Merger With 10X Capital SPAC REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with 10X Capital Venture Acquisition Corp., a blank-check company, according to people with knowledge of the matter. Read more...
02 Feb Amazon CEO Jeff Bezos to Step Down in Q3 Amazon.com founder Jeff Bezos will step down as the online giant’s CEO but will stay on as executive chairman, the company announced Feb. 2. Read more...