Category: News

Nikola Corp. is betting on a newly launched hydrogen big rig to regain its footing as the company said it wouldn’t deliver any electric trucks for the rest of the year after recent battery fires.

Werner Enterprises experienced a year-over-year drop in earnings on a slight decrease in revenue during the third quarter, the company reported Nov. 1.

Aurora announced the completion of a Houston terminal that finalizes the first commercial-ready route for driverless trucks.

NEW YORK — Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle wage theft claims in New York, Attorney General Letitia James announced Nov. 2.

DETROIT — Toyota said Nov. 2 it is recalling nearly 1.9 million RAV4 small SUVs in the U.S. to fix a problem with batteries that can move during forceful turns and potentially cause a fire.

Toyota Motor Corp. is raising wages for assembly workers in the U.S. after its Detroit carmaking rivals reached tentative deals with their union to boost pay.

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.

AURORA, Colo. — Port leaders believe they are part of the solution to capturing renewable wind energy off of their coasts and under their operation with giant wind turbines that float on the water.

Traton SE experienced an increase in revenue and operating results despite market headwinds during the third quarter of 2023, the company reported Oct. 25.

Profits at Eaton Corp. jumped year-over-year in the third quarter, but executives are not optimistic about commercial vehicle prospects in 2024.