Lion Electric Drops on Revenue Miss, Dwindling Cash Balance
Transport Topics News
by Monique Mulima
19h ago
Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped ..read more
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House to Examine Baltimore Bridge Collapse May 15
Transport Topics News
by Eugene Mulero
20h ago
WASHINGTON — A House panel this month will review concerns associated with efforts at the Port of Baltimore, where crews will eventually rebuild the Francis Scott Key Bridge ..read more
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Nikola Q1 Loss Narrows; Cost of Truck Production Soars
Transport Topics News
by Keiron Greenhalgh
20h ago
Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar ..read more
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VW Brand to Beef Up Hybrid Offerings as EV Shift Stumbles
Transport Topics News
by Monica Raymunt
21h ago
Volkswagen AG’s namesake brand plans to bolster its offering of plug-in hybrid cars in response to a slowdown in demand for fully electric vehicles ..read more
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Tornadoes Destroy Michigan FedEx Facility but Workers Safe
Transport Topics News
by Associated Press
22h ago
PAVILION TOWNSHIP, Mich. — Two reported tornadoes struck a Michigan city and the surrounding area May 7, destroying homes and commercial buildings, including a FedEx facility ..read more
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Daimler Unwraps Autonomous, Electric Demonstration Truck
Transport Topics News
by Keiron Greenhalgh
1d ago
Daimler Truck unveiled plans May 8 to begin operating an autonomous, battery-electric Freightliner eCascadia demonstration truck ..read more
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GXO Posts Net Loss, but Revenue Increases to $2.46B in Q1
Transport Topics News
by Connor D. Wolf
1d ago
GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7 ..read more
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Rivian Sticks With EV Forecast Despite First-Quarter Loss
Transport Topics News
by Ed Ludlow and Kara Carlson
2d ago
Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles ..read more
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Detroit Reman Completes Expansion of Minnesota Facility
Transport Topics News
by Keiron Greenhalgh
2d ago
An expansion of Detroit Diesel Remanufacturing’s Hibbing, Minn., plant is complete, doubling the facility’s manufacturing and remanufacturing footprint, the division of DTNA said ..read more
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NHTSA Seeks Information From Tesla on Autopilot Fix
Transport Topics News
by Tom Krisher
2d ago
DETROIT — Federal highway safety officials want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company’s Autopilot system ..read more
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