ChargePoint

Truck Talk: Next acts edition

This week, we’re looking at a lot of industry experience being brought to bear on startups and a familiar SPAC sponsor that has recruited a former U.S. president to a board role that could help pick a merger target. 

Moving on

It doesn’t matter what industry, second acts are common in professional careers. In baseball parlance, there are not many Tony Gwynns or Cal Ripken Jrs. who spend their entire careers with one team. 

Consider Rich Mohr, 25 “seasons” with Ryder System Inc. (NYSE: R), the last...

https://www.freightwaves.com/news/truck-talk-next-acts-edition

Truck Talk: Proxy plumbing edition

This week, we’re looking at the salaries of some CEOs at de-SPACed electric vehicle startups whose share values are plummeting, and the 15-year anniversary of a technology that literally drives the industry.

The de-SPACed pay picture

Proxy materials typically don’t make scintillating reading. But a company’s top earners can be interesting, especially when the CEOs hold the majority interest in their companies — and draw a salary and other dollar-denominated perks.

We’ve seen a couple of paper...

https://s29755.pcdn.co/news/truck-talk-proxy-plumbing-edition

Transmission: GM wants you to plug into Ultium Charge 360

When it comes to making the switch to an electric vehicle, public recharging can be a hurdle for drivers. General Motors made the hurdle a bit lower this week, announcing a new connected EV charging station program called Ultium Charge 360.

Ultium Charge 360 represents a “holistic charging experience” for GM EV drivers. To make this possible, GM worked with seven charging companies — Blink Charging, ChargePoint, EV Connect, EVgo, FLO, Greenlots and SemaConnect — on agreements to make it easier...

https://www.freightwaves.com/news/transmission-gm-wants-you-to-plug-into-ultium-charge-360

Truck Talk: Pancakes and chicken edition

Welcome back to Truck Talk. Subscribe here to get it in your inbox every Friday. 

This week, we’re looking at TravelCenters of America resuming conversion of restaurants to International House of Pancake outlets; Bosch’s new semiconductor plant that, while impressive, is too late to help with the current chip shortage, and a very busy week at Mack Trucks.

With sprinkles on top

The deal to convert up to 94 TravelCenters of America restaurants into International House of Pancakes outlets preceded CEO...

https://s29755.pcdn.co/news/truck-talk:-pancakes-and-chicken-edition

Blank check companies target battery and charging suppliers

Romeo Systems Inc., which makes lithium-ion battery modules and packs for commercial electric vehicles, is the latest vehicle electrification technology company to pursue public ownership through a reverse merger.

Romeo, based in the Los Angeles suburb of Vernon, California, announced a definitive agreement Monday with RMG Acquisition Corp. (NYSE: RMG), a special purpose acquisition company (SPAC), to combine businesses. Romeo Power’s pro forma valuation would be $1.33 billion.

Energy-related...

https://www.freightwaves.com/news/blank-check-companies-target-battery-and-charging-suppliers

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