Ed Ludlow

Business, Technology, Fuel

Rivian Reportedly Reaches $27.6 Billion Value on New Funds

Rivian's R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News) Rivian's R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News)

Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.

Ed Ludlow | Bloomberg News
January 19, 2021
Business, Technology, Equipment, Fuel, Logistics

EV Startup Canoo Fast-Tracks Launch of Commercial Delivery Van

Canoo's first electric van model, called Canoo Canoo unveils its first van model, appropriately called Canoo, at the AutoMobility LA auto show in Los Angeles on Nov. 19, 2019. (Damian Dovarganes/Associated Press)

Electric vehicle startup Canoo Holdings Ltd. is talking up the commercial vehicle sales part of a business model that has attracted more attention for its planned consumer-subscription service.

Ed Ludlow | Bloomberg News
December 17, 2020
Business, Technology, Autonomous

Amazon’s Zoox Unveils Autonomous Electric Vehicle

Zoox vehicle Zoox L5 Fully autonomous, all-electric robotaxi at Coit Tower in San Francisco. (Zoox)

Zoox Inc., the self-driving startup owned by Amazon .com Inc., unveiled a fully autonomous electric vehicle with no steering wheel that can drive day and night on a single charge.

Ed Ludlow | Bloomberg News
December 14, 2020
Business, Technology, Fuel

GM ‘Going Forward’ With Nikola Partnership Talks on Trucks

Signage is displayed out the Nikola headquarters in Phoenix, Ariz. Signage is displayed out the Nikola headquarters in Phoenix, Ariz. (Ash Ponders/Bloomberg News)

General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said.

Ed Ludlow | Bloomberg News
October 21, 2020
Business, Technology, Fuel

Nikola Shares Plunge After CEO Says Startup Can Go It Alone

Nikola HQ Nikola headquarters in Phoenix. (Ash Ponders/Bloomberg)

Nikola Corp. CEO Mark Russell sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.

Ed Ludlow | Bloomberg News
October 16, 2020
Government, Business, Technology, Fuel, Autonomous

GM’s Cruise Unit OK’d for Automated Tests in San Francisco

The GM Cruise Origin electric driverless shuttle The GM Cruise Origin electric driverless shuttle. (David Paul Morris/Bloomberg News)

General Motors Co.’s Cruise unit will be allowed to test autonomous vehicles on public roads in San Francisco without a safety driver, joining Amazon .com Inc.-backed Zoox Inc. and a handful of other self-driving startups.

Ed Ludlow | Bloomberg News
October 15, 2020
Business, Technology, Fuel

US Fuel Cell Truck Startup Hyzon Gets Investment From French Oil Giant

Hydrogen refueling A hydrogen vehicle is refueled. (Kiyoshi Ota/Bloomberg)

Total SE is making an investment as part of a small funding round in U.S. fuel cell truck startup Hyzon Motors, an effort by the French oil giant to boost development of cleaner energy sources.

Ed Ludlow | Bloomberg News
October 9, 2020
Business, Technology, Fuel

Nikola Postpones Forum Where Electric Pickup Was to Debut

A promotional photo for the Nikola Badger electric pickup truck. A promotional photo for the Nikola Badger electric pickup truck. (Nikola Motor Co.)

Nikola Corp. is rescheduling its in-person Nikola World conference, where it was planning to show its electric pickup truck, as the company regroups in the wake of a stock sell-off and the departure of its chairman.

Ed Ludlow | Bloomberg News
September 30, 2020
Business, Technology, Fuel, Top 50, Top 100

Nikola Issues Fuller Denial of Short Seller Hindenburg’s Claims

Nikola One electric truck Hindenburg said the Nikola One lacked key components. Nikola said it was a proof of concept. (Nikola Motor Co.)

Nikola Corp. made a fuller-throated denial of a report last week that claimed the electric-truck maker had deceived investors, accusing a short seller of mischaracterizations and distortions.

Ed Ludlow | Bloomberg News
September 14, 2020
Business, Technology, Fuel, Autonomous

Tesla Splits Stock to Make Lofty Shares Attainable Again

The Tesla logo is seen at a showroom in San Diego. (Bing Guan/Bloomberg News)

Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company became the world’s most valuable automaker.

Ed Ludlow | Bloomberg News
August 12, 2020

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