Nikola Corp. losses widened in Q2, but adjusted per share earnings and revenue topped estimates as deliveries rose.
Cummins CEO: ‘At some point the low-carbon thing becomes the main thing. And [diesel] becomes the niche business.’
Robert Bosch is getting some early work on hydrogen-powered fuel cell trucks for a Daimler Trucks-Volvo Group joint venture.
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Hyliion will initially buy Peterbilt trucks to equip its Hypertruck ERX and sees fuel cells as an eventual option in to natural gas-powered generators.
In today’s edition of The Daily Dash, freight rates jumped 12% to end 2020, and Amazon wants to help truckers build their own businesses. Plus, Knight-Swift acquires a technology company.
Arizona officials rooting for Nikola Corp. to make good on its plans for a $600 million electric truck assembly plant and hundreds of new jobs say construction is progressing.
In today’s edition of The Daily Dash Rand McNally’s ELD are finally back online, plus GM and Nikola alter their tentative agreement and J.B. Hunt acquires a final mile provider.
Nikola telegraphed that an equity deal with General Motors was iffy following a short seller’s fraud claims by the electric truck startup. On Monday, GM and Nikola said they may work together to integrate GM fuel cells in Nikola trucks, a small piece of the grander plan.
Excerpt: Nikola and GM signed a nonbinding memorandum of understanding to use the automaker’s Hydrotec fuel cells in its heavy-duty trucks. But GM walks away from taking an equity stake and the Badger electric pickup is dropped.
