Cash-strapped electric bus and battery maker Proterra Inc. sought bankruptcy protection Monday and plans to operate during reorganization.
Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold.
Even as it pivots from the U.S. market for autonomous trucks, TuSimple still faces threat of Nasdaq delisting over late reports
Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary.
Nikola Corp. is laying off 270 employees as its cash condition worsens and company founder Trevor Milton takes shots at leadership.
Hyzon Motors is not out of the woods yet, but it is current on required financial filings and has streamlined its fuel cell business.
Lordstown Motors dodged delisting from the Nasdaq by a reverse stock split, but its future remains murky.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
Cummins wants its filtration business to stand alone, but the engine and power distribution company will keep at least 80.5%.
Aurora Innovation and Continental AG are partnering to build the Aurora Driver autonomous hardware to scale for the U.S. in 2027
Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
Settling multiple distractions surrounding TuSimple was Cheng Lu’s priority when he returned as CEO in November.
Even with multiple investigations to close, TuSimple has three years worth of money to run its autonomous trucking business.
Nikola Chief Financial Officer Kim Brady retires as electric truck maker’s financials deteriorate and stock price hovers near all-time low.
TuSimple co-founder Xiaodi Hou says his ouster was retaliation for failing to support a pay package for the rehired CEO whom he replaced.
TuSimple co-founder Xiaodi Hou quit the board at the autonomous trucking startup as the company investigated him for employee poaching.
Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.
Embark Trucks, the original autonomous trucking company, may put itself up for sale or liquidate after laying off 70% of its employees.
Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.
