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Business, Technology, Equipment, Autonomous

Uber-Backed Joby Aviation Goes Public; Share Price Slides

Joby A model of Joby's air taxi EVTOL is seen in a press photo. (Joby Aviation via Bloomberg News)

Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, will begin trading Aug. 11, testing the imaginations of public investors.

Lizette Chapman | Bloomberg News
August 11, 2021
Business, Technology, Autonomous

Lightning Soars on Deal With Buffett-Backed Bus Maker

Lightning eMotors Assembled electric powertrains are ready for installation into Lightning Electric Transit 350HD vehicles. (Business Wire)

Lightning eMotors Inc. shares surged after the company that electrifies commercial vehicles announced a strategic partnership with a Berkshire Hathaway Inc.-backed bus maker.

Chester Dawson | Bloomberg News
August 10, 2021
Business, Technology, Autonomous

Qualcomm Offers $4.6 Billion for Veoneer, Topping Magna Bid

A Kia Soul test vehicle equipped with Qualcomm autonomous driving technology A Kia Soul test vehicle equipped with Qualcomm autonomous driving technology. (Bing Guan/Bloomberg News)

Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month.

Matt Day | Bloomberg News
August 5, 2021
Business, Technology, Autonomous

Driverless Semi Reaches Milestone in Test, Plus Says

Plus truck Plus

Driverless truck technology company Plus revealed Aug. 5 that it has completed a demonstration on a highway in China.

Connor D. Wolf | Staff Reporter
August 5, 2021
Business, Technology, Equipment, Safety, Fuel, Autonomous

Paccar’s New CTO Sees Electrification, Autonomy Transforming Truck Market

Paccar’s new chief technology officer, John Rich Paccar’s new chief technology officer, John Rich, showcases an electric-powered Peterbilt truck at the U.S. Capitol on July 29. (Seth Clevenger/Transport Topics)

WASHINGTON — After years of working with emerging technologies in the automotive sector, Paccar Inc.’s new chief technology officer sees a similar transformation unfolding in the commercial truck market.

Seth Clevenger | Managing Editor, Features
July 30, 2021
Business, Technology, Fuel, Autonomous

Elon Musk Denies Talking Apple-Tesla Merger With Tim Cook

Elon Musk Elon Musk (above) admits trying to get a meeting with Tim Cook, but he says Cook refused. (Samuel Corum/Bloomberg News)

Tesla Inc. CEO Elon Musk said July 30 that he never met with Apple Inc. about a potential takeover and slammed the tech giant’s App Store fees, calling them a “global tax on the internet.”

Nick Turner | Bloomberg News
July 30, 2021
Business, Technology, Equipment, Fuel, Autonomous

Nikola Founder Trevor Milton Charged With Misleading Investors

Trevor Milton exits courtroom July 29 Trevor Milton exits the courtroom July 29 after entering not guilty plea. (Angus Mordant/Bloombreg News)

NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic.

Larry Neumeister | Associated Press
July 29, 2021
Business, Technology, Autonomous, Top 100

TuSimple, Ryder Partner on Terminals for Autonomous Trucks

Ryder and TuSimple trucks Ryder by JB Reed/ Bloomberg News; TuSimple by Seth Clevenger/Transport Topics

Self-driving truck developer TuSimple and Ryder System Inc. announced a partnership intended to leverage select Ryder fleet maintenance facilities to serve as terminals on TuSimple’s Autonomous Freight Network.

Roger Gilroy | Senior Reporter
July 29, 2021
Business, Technology, Logistics, Autonomous, Top 50

XPO Posts Q2 Profit on Record Revenue

XPO Logistics truck XPO Logistics

Lifted by the highest revenue of any quarter in its history, XPO Logistics Inc. swung its second-quarter bottom line to a profit from a loss in the year-ago period.

Jerry Hirsch | Contributing Writer
July 29, 2021
Business, Technology, Equipment, Autonomous

How Drones Help Workers Inspect Wind Turbines

Wind Power Wind turbines at a wind farm. (Timothy Fadek/Bloomberg News)

Nearthlab’s drones use artificial intelligence and laser technologies to help pinpoint potential damage and reduce the chance of accidents during human inspections of wind turbines.

Saijel Kishan | Bloomberg News 
July 28, 2021