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.
Nikola Corp. founder Trevor Milton can sell his 92 million shares on Monday, creating a glut of stock that could drive the already volatile share price lower.
Electric trucks from PACCAR siblings can get California rebates when the fund is replenished; Daimler shows future battery and fuel cell trucks; and FMCSA grants Bosch a video mirror waiver.
Nikola Corp. filled VectoIQ’s $230 million public shell company after former Wall Street analyst and General Motors executive Steve Girsky shopped more than 100 smart transportation companies and signed 75 nondisclosure agreements and six letters of intent.
German auto suppliier Robert Bosch combines an LCD panel, a driver-monitoring camera and facial tracking software to create a Virtual Visor that dramatically reduce sun glare for drivers.
Camera monitoring systems could eventually replace bulky exterior mirrors on Class 8 trucks. Stoneridge Inc. and Robert Bosch are the only two suppliers deep into the safety and fuel-saving technology so far.
Volvo Trucks will offer its Dynamic Steering system as an option in 2020. Volvo says it reduces the strain of maneuvering a heavy-duty truck steering wheel by up to 85 percent.
Cummins Inc. closed its $290 million purchase of fuel cell maker Hydrogenics on September 9, the second major investment in fuel cell technology in less than a week.
Nikola Corp. revealed two more funding sources of its heavy-duty fuel cell truck on Thursday, September 5. German supplier Robert Bosch LLC and South Korean solar panel maker Hanwha Group each invested at least $100 million cash in earlier funding rounds.
