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Government, Business, Technology, Fuel, Autonomous

Workhorse Passed Over as Oshkosh Wins USPS EV Contract

USPS' Next Generation Delivery Vehicle A view of the Next Generation Delivery Vehicle to be built by Oshkosh Corp. for USPS. (United States Postal Service)

Electric-vehicle maker Workhorse Group Inc. plunged on Feb. 23, triggering multiple trading halts, after a key U.S. Postal Service contract that some had expected it to win went to rival Oshkosh Corp. instead.

Esha Dey | Bloomberg News
February 24, 2021
Business, Fuel, Autonomous

Tesla Stock Wipes Out Gains for the Year

Tesla Inc. electric vehicles at the automaker's showroom in Shanghai, China. (Qilai Shen/Bloomberg News) Tesla Inc. electric vehicles at the automaker's showroom in Shanghai, China. (Qilai Shen/Bloomberg News)

Tesla Inc. shares wiped out their year-to-date gains Feb. 23 and briefly traded below the level where they were when the electric carmaker entered the S&P 500 Index in December.

February 23, 2021
Business, Technology, Fuel, Autonomous

Nikola Two Truck Will Run 900 Miles on Tank of Hydrogen, Company Says

Nikola Two by Nikola Corp.

Nikola Corp. announced updates on its zero-emission hydrogen fuel-cell electric commercial truck program as the company vied for attention beside other truck makers in an increasingly crowded space it helped create in 2016 with its introductory announcement.

Roger Gilroy | Senior Reporter
February 23, 2021
Business, Technology, Fuel, Autonomous

Xos to Go Public and Expand Battery-Electric Vehicle Production

Xos truck Fully electric model by XOS Trucks. (TT File Photo)

Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.

Roger Gilroy | Senior Reporter
February 22, 2021
Business, Technology, Fuel, Autonomous

Lucid Motors Reportedly Near Deal to Go Public

Lucid cars Lucid Air prototype electric vehicles by David Paul Morris/Bloomberg

Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early this week, according to people familiar with the matter.

February 22, 2021
Business, Technology, Autonomous

Torc Robotics Chooses AWS as Cloud Provider

Torc Robotics truck Torc Robotics

Torc Robotics announced it selected Amazon Web Services Inc. as its preferred cloud provider to handle the scale and speed needed for data transfer, storage and compute capacity as the company prepares to deploy its fleet of next-generation self-driving test trucks in New Mexico and Virginia.

February 19, 2021
Business, Technology, Equipment, Safety, Logistics, Autonomous

How Consolidation Is Reshaping Trucking’s Technology Sector

Trimble Trimble Transportation has assembled a broad portfolio of in-cab technologies and back-office software over the past decade. (Trimble Transportation)

Consolidation has dramat­ically reshaped trucking’s technology market over the past decade, with dozens of software and telematics companies joining forces to create larger organizations with expanded capabilities and broader reach.

Seth Clevenger | Managing Editor, Features
February 19, 2021
Technology, Autonomous

Apple in Discussions With Suppliers for Lidar

An Apple Inc. logo is displayed outside the company's store at Yorkdale mall in Toronto. (Brent Lewin/Bloomberg News) Gas pumps are out of service at an Exxon gas station in Houston Feb. 18. (Go Nakamura/Getty Images via Bloomberg News)

Apple Inc. is in discussions with multiple suppliers of self-driving car sensors known as lidar, according to people familiar with the matter, a key milestone toward development of its first passenger vehicle.

February 19, 2021
Business, Technology, Autonomous

Lidar Startup AEye Goes Public in $2 Billion SPAC Deal

AEye branded auto AEye Inc. via Facebook

AEye Inc., a startup that makes lidar systems for self-driving vehicles, is going public by merging with blank-check company CF Finance Acquisition Corp. III in a deal valued at $2 billion.

David Welch | Bloomberg News
February 17, 2021

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