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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
Business, Technology, Equipment, Fuel

Stellantis to Turn Turin Factory Into Electric Car Hub

Stellantis Maserati Ghibli luxury automobiles travel along the semi-automated production line at the Grugliasco factory in Turin, Italy. (Alessia Pierdomenico/Bloomberg News)

Stellantis NV is seeking to retool its iconic Turin factory into an electric-vehicle hub, moving production of two Maserati luxury models to the Mirafiori plant as part of a decision that will safeguard jobs in the EV shift.

October 12, 2021
Business, Fuel

Crude Closes Above $80 With Energy Crisis Boosting Demand

 Propane delivery trucks at a Suburban Propane Partners location in Jeffersonville, Ind. Propane delivery trucks at a Suburban Propane Partners location in Jeffersonville, Ind. (Luke Sharrett/Bloomberg News)

West Texas Intermediate crude closed above $80 a barrel for the first time since late 2014 as a growing power crisis from Europe to Asia boosts demand for oil ahead of winter.

Julia Fanzeres | Bloomberg News
October 12, 2021
Business, Technology, Equipment, Fuel, Autonomous

Elon Musk Now Dominating the World’s Richest List

Musk Elon Musk derives around three-quarters of his wealth from Tesla Inc. (Samuel Corum/Bloomberg News)

Elon Musk is pulling away from the rest of the world when it comes to personal wealth.

Scott Carpenter | Bloomberg News
October 8, 2021
Business, Fuel

TravelCenters Opens TA Express in Almeda, Texas

TA Express Almeda, TX Diesel canopy at TA Express Almeda. (TravelCenters of America)

TravelCenters of America said Oct. 7 that it opened a new TA Express travel center in Almeda, Texas.

October 8, 2021
Business, Technology, Equipment, Safety, Fuel

Outsourcing Repair: Fleets Look to Third-Party Maintenance Services

Third-Party maintenance “Third-party fleet services are very important at our non-Averitt shop locations,” Doug Lloyd, director of maintenance at Averitt Express, said. (Averitt Express)

With the increased volume of OTR shipping and the rising average cost of new and used Class 8 diesel trucks, the importance of scheduled and emergency maintenance practices remains crucial.

Jack Ferry | Special to Transport Topics
October 8, 2021
Business, Technology, Fuel, Autonomous

DTNA Reaches BEV Milestone at 1 Million Miles

Freightliner eCascadia eCascadia by Daimler Trucks North America

Daimler Trucks North America announced a milestone for its medium- and heavy-duty battery-electric truck development program as participating fleets using 40 trucks reached a cumulative total of 1 million miles of real-world usage along the West Coast and Canada.

Roger Gilroy | Senior Reporter
October 8, 2021
Business, Technology, Fuel, Autonomous

Elon Musk Says Tesla Will Move HQ From California to Texas

Elon Musk Elon Musk by Saul Martinez/Getty Images via Bloomberg News

Tesla will relocate its headquarters from Palo Alto, Calif., to Austin, Texas, though the electric-car maker will keep expanding its manufacturing capacity in the Golden State, CEO Elon Musk said Oct. 7.

Alex Veiga | AP Business Writer
October 8, 2021