Blue Bird

Truck Tech: SPAC ‘stonks’ edition

Wanna buy SPAC-backed electrification and autonomous stocks? They are cheap, but have they hit bottom yet? A new Morning Consult poll shows autonomy has significant trust issues to overcome, and try as we might, we just can’t miss the bus when it comes to electrification.

Wanna buy my (SPAC) stonks?

It’s hard to find many stocks moving up against headwinds of rising inflation, war in Ukraine, and the coming and going — and coming again — of COVID variants.

But the beatdown of electric vehicle and...

https://www.freightwaves.com/news/truck-tech-spac-stonks-edition

Cummins will make electric medium-duty truck prototype for Isuzu

Cummins Inc., which signed a long-term deal last year to make diesel powertrains for Isuzu medium-duty trucks, is adding a Class 6 battery-electric powertrain prototype to the mix that will go into customer demonstrations in Q2.

The PowerDrive 6000 is used in Gillig transit and Bluebird school buses. A PowerDrive 8000 version will go into a Kalmar terminal tractor this year capable of pulling gross vehicle weights from 80,000 to 195,000 pounds, Cummins announced in December.

“It’s the same...

https://www.freightwaves.com/news/cummins-will-make-electric-medium-duty-truck-prototype-for-isuzu

SPACs aren’t out of whack in 2020 (with video)

SPACs— special purpose acquisition corporations — have come a long way from being regarded as the “skunk at the garden party” to a welcome investment vehicle.

“It’s a pretty tricky world, especially given all the filing requirements with the SEC and the interaction that is required with public equity investors,” said John Larkin, an operating partner at Clarendon Capital, a private equity firm that invests solely in transportation and logistics companies. 

During a virtual fireside chat Friday as...

https://www.freightwaves.com/news/spacs-arent-out-of-whack-in-2020-with-video