Fuel
Analysts View Traton, Navistar Deal as Win-Win
Navistar reported a near 50% decline in truck sales in the third quarter. (Navistar)
Navistar International Corp. is on the verge of becoming a subsidiary of German truck maker Traton SE, a step analysts said is a positive development for both companies.
October 20, 2020GM to Plan Third EV Plant in Big Plug-In Bet
An employee works on a Chevrolet Sonic vehicle at the GM plant in Orion Township, Mich., in June 2017. (Jeff Kowalsky/Bloomberg News)
General Motors Co. is investing more than $2 billion in six U.S. plants, including a makeover of a former Saturn plant in Tennessee into its third factory to produce electric models.
October 20, 2020Oil Slips With Renewed Virus Restrictions Sapping Rebound
Oil storage tanks stand in Cushing, Okla. (Daniel Acker/Bloomberg News)
Oil slipped as nations reimposed tighter lockdown restrictions in hopes of containing a resurgent pandemic that is depressing demand.
October 20, 2020Average Diesel Price Declines for Sixth Time in Seven Weeks
Daniel Acker/Bloomberg News
The national average price of diesel decreased seven-tenths of a cent, according to the Energy Information Administration’s weekly data released Oct. 19. The fall is the sixth drop in the past seven weeks.
October 19, 2020VTNA Awarded $21.7 Million in Grants to Deploy Electric Trucks
A Volvo VNR Electric recently led a clean-energy truck parade of Southern California fleet operators to commemorate the recent opening of the new Port of Long Beach bridge. (Volvo Trucks North America)
VTNA said it was awarded $21.7 million in federal and state grants to deploy 70 VNR Electric trucks in Southern California for regional freight distribution and drayage.
October 19, 2020World’s Biggest Fracker Halliburton Sees Signs of Rebirth as Slump Ebbs
Halliburton signage is displayed alongside storage tanks in Port Fourchon, La. (Luke Sharrett/Bloomberg News)
Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers.
October 19, 2020Tesla to Start Exporting China-Made Model 3 Cars to Europe
A woman walks past a Tesla car being charged in Beijing, China, in January 2019. (Ng Han Guan/Associated Press)
Tesla Inc. will start exporting Model 3 cars made at its gigafactory on the outskirts of Shanghai to Europe later this month, the automaker said in a statement sent via WeChat.
October 19, 2020Lightning Systems to Supply Fluid Truck With Electric Rental Trucks
Lightning Systems
Lightning Systems, a provider of complete electrification solutions for urban commercial fleets, announced that Fluid Truck placed an order for 600 Lightning electric vehicles that will be made available starting in the fourth quarter.
October 16, 2020Shell Adds E-Fluids to Portfolio
Jasper Juinen/Bloomberg News
Royal Dutch Shell announced it added Shell E-Fluids to its specialized fluids portfolio to support battery-electric and fuel-cell electric powertrains for commercial light-, medium- and heavy-duty vehicles.
October 16, 2020Nikola Shares Plunge After CEO Says Startup Can Go It Alone
Nikola headquarters in Phoenix. (Ash Ponders/Bloomberg)
Nikola Corp. CEO Mark Russell sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.
October 16, 2020