Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.
Category: News
Incoming CEO of XPO Spinoff Company Outlines Plans
Malcolm Wilson shared his hopes and plans Jan. 15 for when he becomes the first CEO of a new company splitting from XPO Logistics Inc.
Truck Tonnage Surges in December to First Year-Over-Year Gain Since March
Trucking closed the tumultuous year of 2020 on an upswing, as truck tonnage in December rose a seasonally adjusted 2.3% year-over-year, American Trucking Associations reported.
Kodiak Begins Regular Disengage-Free Autonomous Deliveries
Kodiak Robotics Inc. announced trucks equipped with its Kodiak Driver autonomous system have begun making regular disengage-free customer deliveries on the middle-mile route on Interstate 45 between Dallas-Fort Worth and Houston.
GM, Microsoft Lead $2 Billion Funding Round for Cruise
General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture.
December Classes 4-7 Sales Improve Over 2019
Classes 4-7 sales in December accelerated overall to clear 24,000 and move 6.2% higher compared with a year earlier, WardsAuto.com reported.
December Classes 4-7 Sales Improve Over 2019
Classes 4-7 sales in December accelerated overall to clear 24,000 and move 6.2% higher compared with a year earlier, WardsAuto.com reported.
Crossword Puzzle Solution for January 18, 2021
Here’s the solution to the crossword puzzle found in January 18, 2021 print edition.
Navistar to Close 125-Acre Melrose Park, Ill., Facility
Navistar International Corp. announced it approved a plan to sell its facility in Melrose Park, Ill.
Oil Slumps on Dollar Strength, Cooling Consumer Sentiment
Oil slid by the most in three weeks as a stronger dollar and weak U.S. economic data stoked concerns over an economic rebound.