Technology

Tesla Inc. is inflicting more pain on short sellers, and many of them are giving up.

Daimler Trucks North America announced a three-year, $3 million, first-of-its-kind partnership with the American Center for Mobility that will allow customers to experience DTNA’s in-vehicle technology at test sites on ACM’s 500-acre campus in suburban Detroit.

Cooper Tire’s Roadmaster brand unveiled a new tire for commercial longhaul fleets designed to balance fuel efficiency with long miles, the company announced Oct. 4.

Funding authority for the country’s highway networks remains active as a result of President Joe Biden signing an extension of a law central to federal surface transportation policies.

General Motors’ future electric vehicles will offer more range on a single charge and charge faster because of a new supplier agreement it announced with Wolfspeed Inc.

The National Highway Traffic Safety Administration rejected a 2019 petition to open a formal investigation into Tesla Inc.’s battery management software, according to documents posted to the agency’s website.

Cruise, the autonomous vehicle startup majority-owned by General Motors Co., will tell investors this week that it sees a path for its ride-hailing business to reach $50 billion in revenue as the company ramps up over the next couple of years, people familiar with the matter said. GM’s shares jumped.

Jet-leasing firm Avolon Holdings Ltd. will work with Israel Aerospace Industries Ltd. to convert 30 Airbus SE wide-bodies for use as freighters, targeting an area in which demand has soared during the coronavirus pandemic.

Rivian Automotive Inc., the maker of electric pickups backed by Amazon .com Inc., disclosed a net loss of almost $1 billion in the first half of the year in its initial public offering paperwork.