Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent.
https://gcaptain.com/car-prices-are-poised-for-12000-surge-on-trumps-new-tariffs/
Just weeks after Ford Motor Co. (NYSE: F) canceled its contract for auto-hauling services by Jack Cooper, the GM-Jack Cooper relationship is also over, at least for now, with both sides claiming it was the other company’s fault.
On Friday, the Detroit Free Press reported that GM had stopped providing Jack Cooper with cars to be transported. Late Friday, GM (NYSE: GM) released a statement that said the relationship had deteriorated to the point that no cars were being loaded and that the auto...
El fabricante de automóviles estadounidense General Motors y su filial On Star aceptaron no revelar los datos confidenciales de geolocalización de sus vehículos y el comportamiento de sus conductores a las agencias de informes del consumidor durante los próximos cinco años. Según publica EMOL, decisión que se adoptó tras una prohibición de estas prácticas emitida […]
Esta entrada ¿Por qué General Motors tiene prohibición de revelar la geolocalización de clientes hasta 2030? Aparece primero en Ful...
ChargePoint Holdings is laying off more than 200 employees – 15% of its workforce – in its second downsizing this year. The manufacturer of electric vehicle chargers cut 12% – about 198 jobs – from its global workforce in January.
ChargePoint has been making inroads into commercial trucking and vehicle connectivity. But the financial picture of the company that went public during the SPAC frenzy remains bleak. ChargePoint shares are down more than 35% year to date through Thursday..
The latest...
https://www.freightwaves.com/news/chargepoints-latest-downsizing-intended-to-help-stop-the-bleeding
James Taylor, the former CEO of Electric Last Mile Solutions, kept a low profile following the bankruptcy sale of the company’s assets to Mullen Automotive. This week, he resurfaced as CEO of Mullen-controlled Bollinger Motors, a maker of electric trucks.
Was...
In its brief four-year history, Hyzon Motors has experienced far more stormy than sunny days. As it struggles to survive, the commercial fuel cell manufacturer is focusing on the U.S., where it sees hydrogen and zero-emission refuse trucks worth pursuing.
Chasing the SPAC moneyA spinoff of Singapore-based Horizon Fuel Cell Technologies, Hyzon went public in July 2021 in a reverse merger with special purpose acquisition company Decarbonization Plus Acquisition Corp. It received $550 million in...
https://www.freightwaves.com/news/hyzon-focuses-on-us-fuel-cell-market-for-survival
Less than three months after my generally upbeat visit to Workhorse Group’s refurbished plant near the Ohio-Indiana border, the electric truck maker’s situation appears dire.
Layoffs and furloughsWorkhorse has laid off 20% of its workforce. Much of the rest is on unpaid furlough and could be called back to work.
The company is choked with inventory. It has less than $7 million in cash on the books and accounts payable for more than twice that amount. At a projected burn rate less than Q1’s $5.5...
https://www.freightwaves.com/news/workhorse-on-the-bubble-or-is-it-worse
No one asked for another season of the soap opera featuring Nikola Corp. and its convicted founder, Trevor Milton. But here we are.
Heigh- ho, heigh-ho, it’s off to court we goWhen last we left the ongoing drama that is Nikola Corp. and its convicted founder, Trevor Milton, the fuel cell truck and hydrogen fuel distribution company had been unable to collect on a $167.7 million arbitration award in November. Milton moved in January to get the award overturned.
Last month, Nikola sued Milton in...
https://www.freightwaves.com/news/renewed-nikola-and-trevor-miltons-soap-opera
The annual Work Truck Week and American Trucking Associations Maintenance & Technology Council pile on stakeholder-specific dispatches each March. But this week bigger stories originated outside the convention halls in Indianapolis and New Orleans.
The Securities and Exchange Commission in Washington is as good a starting point as any.
Lordstown Motors gets an SEC comeuppanceNearly three years after Hindenberg Research set its sights on Lordstown Motors Corp., accusing the former special purpose...
https://www.freightwaves.com/news/sec-smackdown-and-supertruck-news-overwhelm-convention-dispatches
An array of fuel cell power cubes from General Motors will power Komatsu’s massive off-roading mining trucks by mid-decade — each operating with more than 2 megawatts of hydrogen power.
The use of multiple fuel cells to provide power to the massive off-highway Komatsu’s 930E electric drive mining truck is an ideal use case for fuel cells, whose only emission is water vapor. The Komatsu model is the world’s bestselling ultra-class haul truck.
GM and Komatsu will jointly design and validate the...
https://www.freightwaves.com/news/fuel-cell-powered-mining-trucks-next-up-for-gm-hydrotec