Government, Business, Technology, Equipment

EV Tax Credit Rulings Please Some Automakers, Exclude Others

The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.

Sean O'Kane | Bloomberg News
January 5, 2023
Business, Equipment, Fuel

Foxconn Starts EV Production in US With First Lordstown Pickups

Taiwan’s Foxconn Technology Group has started building electric vehicles for Lordstown Motors Corp., a milestone as the company better known for making iPhones diversifies its operations.

Sean O'Kane | Bloomberg News
September 29, 2022
Business, Fuel, Logistics

Struggling EV Startup Mullen Auto Bids for Bankrupt Electric Last Mile

Troubled EV startup Mullen Automotive Inc. has emerged as the leading bidder for the assets of bankrupt competitor Electric Last Mile Solutions Inc., including a now-idle former Hummer SUV factory in Indiana.

Sean O'Kane | Bloomberg News
September 19, 2022
Business, Fuel

Can You Canoo? Terms of Deal Say Walmart Can, Amazon Can’t

Walmart Inc.’s deal backing an electric vehicle startup has some strings, including a provision preventing sales to rival Amazon.

Sean O'Kane | Bloomberg News
July 13, 2022
Business, Fuel, Autonomous

Elon Musk Says New Tesla Plants Are Losing Billions

Elon Musk said Tesla Inc.’s new plants in Germany and Texas are losing “billions of dollars” as the electric vehicle maker tries to ramp up production.

Sean O'Kane | Bloomberg News
June 22, 2022
Business, Equipment, Fuel

Rivian Dispute With Seat Supplier Could Delay Production of Amazon Vans

Rivian Automotive Inc. fell almost 7% May 16 on word the electric vehicle startup is in a dispute with a key seat supplier that could jeopardize its delivery van contract with patron Amazon .com Inc.

Sean O'Kane | Bloomberg News
May 16, 2022
Business, Fuel, Logistics

Workhorse to Retire Troubled Flagship Electric Delivery Van

Workhorse Group Inc. plans to kill its flagship electric delivery van after a recall last year, turning instead to two new models after what its CEO called a “costly misstep.”

Sean O'Kane | Bloomberg News
March 1, 2022

Lordstown Slumps as CEO Warns of Hurdles in Foxconn Deal

Lordstown Motors Corp. tumbled after the electric vehicle startup said it was disappointed with the progress in its partnership with Foxconn Technology Group, raising questions about a critical deal to sell a factory and begin commercial production.

Sean O'Kane | Bloomberg News
February 28, 2022
Government, Business, Technology, Autonomous

TuSimple Agrees to US Oversight, Concluding Probe

Trucking startup TuSimple Holdings Inc. reached an agreement with U.S. authorities to resolve security concerns around its self-driving truck operations and the company’s ties with China.

Sean O'Kane | Bloomberg News
February 23, 2022