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Business, Technology, Fuel

Toyota to Build $1.29 Billion US Battery Plant

lithium-ion battery Lithium-ion batteries for the Toyota Prius. (Tomohiro Ohsumi/Bloomberg)

DETROIT — Toyota plans to build a $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles.

Tom Krisher | Associated Press
October 18, 2021
Business, Technology, Fuel, Top 100

Nikola, PGT Trucking Collaborate on FCEVs

Nikola-PGT Nikola

Nikola Corp. announced a collaboration with PGT Trucking Inc. that includes a letter of intent from the flatbed carrier to lease 100 Nikola Tre heavy-duty fuel cell electric vehicles following the satisfactory completion of a Nikola Tre FCEV demonstration program.

October 15, 2021
Government, Business, Fuel

Resilient Shoppers Push Retail Sales Up 0.7% in September

diesel pump Sales at gas stations rose 1.8%. (Thinkstock)

NEW YORK — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.

Anne D’Innocenzio | Associated Press
October 15, 2021
Government, Business, Fuel

Dems Scrutinize Abandoned Offshore Oil Equipment

A containment boom at Talbert Marsh during an oil spill in Huntington Beach, Calif. A containment boom at Talbert Marsh during an oil spill in Huntington Beach, Calif. (Ariana Drehsler/Bloomberg News)

House Democrats began making the case Oct. 14 for stricter regulation of thousands of abandoned wells, platforms and pipelines off the U.S. coasts following one of the biggest offshore spills in California in nearly 30 years.

Ari Natter | Bloomberg News
October 14, 2021
Business, Technology, Fuel

Cummins to Add 15-Liter Natural Gas Engine to Lineup

Cummins engine Cummins Inc.

Cummins Inc. announced it will bring to market a 15-liter natural gas engine for heavy-duty trucks.

October 14, 2021
Business, Technology, Fuel

Ford Exits Rivian Board Ahead of Startup’s IPO

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

Ford Motor Co. has vacated its seat on the board of Rivian Automotive Inc. as the electric truck startup prepares to go public with an expected valuation of $80 billion.

Keith Naughton | Bloomberg News
October 13, 2021
Government, Fuel

Biden Aides Meet on Rising Fuel Prices

Jennifer Granholm Jennifer Granholm by Stefani Reynolds/Bloomberg News

Top administration officials met the evening of Oct. 12 to discuss rising gasoline and natural gas prices, as President Joe Biden faces intensifying pressure to keep a lid on inflation that threatens the economic recovery and Democrats’ political ambitions.

October 13, 2021
Government, Fuel

Diesel Surges 10.9¢ to $3.586 a Gallon

Trucks at fuel station Trucking's main fuel has risen 18 cents a gallon on average over the past two weeks. (Getty Images)

The national average price for diesel surged 10.9 cents to $3.586 a gallon, according to Energy Information Administration data released Oct. 11.

Dan Ronan | Associate News Editor
October 12, 2021
Business, Technology, Safety, Fuel, Autonomous

Lucid Says Air Sedan Will Be First US Car to Use Lidar

Lucid Air exterior The Lucid Air sedan exterior. It starts at $77,400 before tax credit. (Lucid Motors)

Lucid Group Inc. said its debut battery-electric vehicle will be the first production car in the U.S. to include a purpose-built laser sensor, or lidar, enabling a broad range of advanced driver-assistance features.

Ed Ludlow | Bloomberg News
October 12, 2021
Business, Equipment, Safety, Fuel

GM Gets LG to Cover $1.9 Billion in Bolt EV Recall Costs

Chevrolet Bolt electric vehicles Chevrolet Bolt electric vehicles. GM had to recall all 143,000 Bolt and Bolt EUV models because of a manufacturing defect involving the battery that led to an increased fire risk. (SeongJoon Cho/Bloomberg News)

General Motors Co. said it reached an agreement with partner LG Electronics Inc. to recover from the South Korean company $1.9 billion of the $2 billion in costs for a recall of batteries in its Chevrolet Bolt electric vehicle.

David Welch | Bloomberg News
October 12, 2021

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