Nikola Recalls Most of Its Battery-Electric Trucks After Fire Probe

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Nikola CEO Michael Lohscheller Steps Down

[ad_1] Michael Lohscheller has stepped down due to a family health matter, and Chairman Steve Girsky has taken over as CEO of the electric-vehicle maker. [ad_2] Source link

EV Startup Lordstown, Once an Ohio Town’s Savior, Files for Bankruptcy

[ad_1] The electric-truck maker, once cheered by investors during the SPAC boom and lauded by former President Donald Trump as a savior for a closed GM factory in Ohio, filed…

Tesla Doesn’t See Higher-Volume Production for Electric Semi Truck Until Late 2024

[ad_1] Tesla CEO Elon Musk said the company doesn’t expect to begin producing its new electric semitrailer truck in larger volumes until the end of next year. [ad_2] Source link

Nikola Shareholders Reject Plan for More Stock Shares

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America’s Factory Boom Drives Sales Surge for Excavators, Steel and Trucks

[ad_1] Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates. [ad_2] Source link

Lordstown Motors Warns of Bankruptcy if Unable to Resolve Foxconn Dispute

[ad_1] Foxconn says EV startup breached contract by letting stock slide, and it threatens to walk away from funding deal. [ad_2] Source link

Volvo Preliminary 1Q Sales Beats Expectations

[ad_1] Volvo reported preliminary first quarter results which pointed to a 12% beat on sales and a 46% beat on adjusted operating profit, according to one analyst. [ad_2] Source link

HK$50 toll at Cross-Harbour Tunnel unfair, Hong Kong commercial vehicle owners say

[ad_1] HK$50 toll at Cross-Harbour Tunnel unfair, Hong Kong commercial vehicle owners say  Better Life [ad_2] Source link

Ford Raises Price Again on Electric F-150 Lightning Truck

[ad_1] Business Autos & Transportation Autos Industry Auto maker resumes full production of the truck after addressing a battery issue [ad_2] Source link