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Business, Technology, Fuel, Autonomous

EV Startup REE Plans Merger With 10X Capital SPAC

EV plug Simon Dawson/Bloomberg

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.

February 3, 2021
Business, Technology, Logistics, Autonomous

AV Holds Promise, But Lacks ‘Go Anywhere’ Ability, Panelists Say

TRB 2021 Tech panel Daniel Smith (clockwise from top left), Matthew Lipka, Heather Monteiro and John Hark. (Transport Topics)

Experts advised people to manage their expectations of automated vehicles for their traveling capabilities.

Eleanor Lamb | Staff Reporter
January 28, 2021
Business, Autonomous

Tesla Disappoints Wall Street With First Results as a Blue Chip

Tesla cars for sale in Barcelona. (Angel Garcia/Bloomberg News) Tesla on sale at a store in Barcelona. (Angel Garcia/Bloomberg News)

Tesla Inc. reported lower-than-expected profit and record revenue, mixed results that disappointed investors used to razzle-dazzle — but more in tune with the S&P 500 heavyweight it has become.

January 27, 2021
Business, Technology, Equipment, Fuel, Autonomous

Nikola Backer Luxor Invests in European Electric Truck Startup

Volta A Volta vehicle. (Volta Trucks)

Nikola Corp. backer Luxor Capital Group LP is investing in European electric truck startup Volta Trucks AB to help the company scale its manufacturing and expand into North America and Asia.

Siddharth Philip | Bloomberg News
January 27, 2021
Business, Technology, Equipment, Logistics, Autonomous

Walmart to Build More Robot-Filled Warehouses at Stores

Walmart Alan Diaz/Associated Press

NEW YORK — Walmart is enlisting the help of robots to keep up with a surge in online orders.

Joseph Pisani | Associated Press
January 27, 2021
Business, Technology, Fuel, Autonomous, Top 100

U.S. Xpress Latest to Invest in TuSimple

U.S. XPress truck/TuSimple logo Main photo by U.S. Xpress Enterprises

U.S. Xpress Enterprises Inc. announced it made a “significant” investment in autonomous trucking company TuSimple and that CEO Eric Fuller was named to TuSimple’s executive advisory board.

Roger Gilroy | Senior Reporter
January 26, 2021
Business, Technology, Autonomous

Tesla’s Autopilot Won’t Achieve Full Autonomy, Waymo CEO Says

Tesla logo on steering wheel of Tesla Model 3 vehicle. (Angel Garcia/Bloomberg News)

Tesla Inc. has taken a misguided approach to developing fully autonomous cars and its “full self-driving” system will fail to live up to its billing, the head of Alphabet Inc.’s Waymo told a German business magazine.

William Wilkes | Bloomberg News
January 22, 2021
Business, Technology, Autonomous, Top 100

Werner Invests in TuSimple to Spur Autonomous Trucking

Werner, TuSimple trucks Werner by Werner Enterprises Inc.; TuSimple by Seth Clevenger/Transport Topics

Transportation and logistics provider Werner Enterprises announced it invested in TuSimple, an autonomous trucking technology company founded in 2015, and described it as an important milestone in the journey to become an environmental leader.

Roger Gilroy | Senior Reporter
January 20, 2021
Government, Business, Technology, Autonomous

Anthony Levandowski Receives Trump Pardon

Anthony Levandowski (left) and attorney Miles Ehrlich exit federal court in San Jose, Calif., in August 2019. Anthony Levandowski (left) and attorney Miles Ehrlich exit federal court in San Jose, Calif., in August 2019. (David Paul Morris/Bloomberg News)

Outgoing U.S. President Donald Trump pardoned Anthony Levandowski, saving the engineer from more than a year in prison for stealing trade secrets from his former employer, Alphabet Inc.’s Waymo.

Alistair Barr | Bloomberg News
January 20, 2021
Business, Technology, Equipment, Safety, Autonomous

Paccar, Aurora to Partner on Development of Autonomous Trucks

Aurora Peterbilt truck and Kenworth T680 Left: Aurora has been testing autonomous Peterbilt trucks in Texas. (Aurora) Right: A Kenworth T680 at a past industry show. Paccar is working with Aurora to build self-driving models of the T680. (John Sommers II for Transport Topics)

Paccar Inc. reached a deal with a California technology startup to develop and sell autonomous versions of two of its most popular Class 8 truck models.

Jerry Hirsch | Contributing Writer
January 19, 2021