iveco

Torc tackles beyond-the-truck autonomous issues

How will the “personas” of dispatchers, maintenance technicians and roadside assistance change as autonomous trucks arrive? Torc Robotics is working with major fleets to find out.

Torc differs from its major competitors in preparing to launch fully integrated autonomous Freightliner Cascadias into commerce.

The independent subsidiary of Daimler Truck moves deliberately. Aurora Innovation and Kodiak Robotics target late 2024 for their first commercial routes with driverless trucks. Torc is looking...

https://www.freightwaves.com/news/torc-tackles-beyond-the-truck-autonomous-issues

Nikola’s energy president resigns

Carey Mendes, who led the branding of Nikola Corp.’s hydrogen business and signed a deal to get financing for up to 50 hydrogen fueling stations, has resigned from the electric truck and hydrogen distribution developer.

The company announced the departure in a one-sentence filing with the Securities and Exchange Commission on Friday. Nikola did not publicly name a successor.

Mendes became president of energy less than a year ago. He joined the electric truck and hydrogen distributor as the global...

https://www.freightwaves.com/news/nikolas-energy-president-resigns

Who wants a piece or two of Proterra?

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Those surprised by Proterra Inc.’s Chapter 11 bankruptcy filing earlier this month probably should...

https://www.freightwaves.com/news/who-wants-a-piece-or-two-of-proterra

Buying and selling in autonomous trucking developer Aurora Innovation

In a week that saw the field of viable autonomous trucking developers shrink again — more on Waymo Via waving buh-bye for now below — Aurora Innovation (NASDAQ: AUR) disclosed that  T. Rowe Price Investment Management Inc. purchased $125 million of new stock issued in a $600 million private placement. 

Uber Technologies, already a major holder of Aurora shares, added $1 million to its stake in the private placement and 24.66 million shares at $3 each — worth about $74 million — in Aurora’s $220...

https://www.freightwaves.com/news/buying-and-selling-in-autonomous-trucking-developer-aurora-innovation

Carnage grows among transportation startups

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In the world of electric vehicle and autonomous trucking startups, the picture of winners and losers...

https://www.freightwaves.com/news/carnage-grows-among-transportation-startups

Nikola cashes out European JV and refocuses on fuel cells at home

Cash-strapped Nikola Corp. is selling its stake in a European joint venture with Iveco Group for $35 million and 20.6 million shares of Nikola stock. It will prioritize hydrogen and fuel cell trucks in North America and phase out battery-electric models except for special orders.

The end of the joint venture, formed in 2019 when CNH Industrial invested $250 million in cash and partial ownership of a plant in Ulm, Germany, far from ends the relationship.

Iveco gets a license to keep developing...

https://www.freightwaves.com/news/nikola-cashes-out-european-jv-and-refocuses-on-fuel-cells-at-home

Nikola will make Plus autonomous truck technology standard in 2024

Nikola Corp. will test autonomous driving software from Plus on its battery- and fuel cell-electric trucks later this year and become the first zero-tailpipe-emission truck maker to make it standard in 2024.

Plus requires drivers in the cab as it opens up more autonomous features through its PlusDrive system. It is aiming for driverless operation. But it wants to log 8 billion miles of operation with safety drivers monitoring the technology before removing the driver.

The Plus automated driving...

https://www.freightwaves.com/news/nikola-will-make-plus-autonomous-truck-technology-standard-in-2024

Nikola gets boost to European fuel cell truck business

A German provider of integrated energy solutions has signed a letter of intent to purchase 100 hydrogen-powered trucks from Nikola Corp. It is the startup’s first prospective European customer for Nikola Tre fuel cell electric vehicles.

A letter of intent is not the same as a purchase order. But it boosts Nikola’s manufacturing joint venture with Iveco in Ulm, Germany. That’s where the trucks would be built for delivery in 2024 and 2025.

GP Joule, based in Reussenkoege, Germany, wants the...

https://www.freightwaves.com/news/nikola-gets-boost-to-european-fuel-cell-truck-business

Truck Tech: Daum straight edition

Martin Daum rarely equivocates. The CEO of Daimler Truck sets courses the trucking industry often follows. If you ask him a question, expect a straight answer. We did. And so did he.

When Martin Daum talks …

Martin Daum is one of those people for whom a paraphrase of the famous line from the 1970s TV commercials by investment bank EF Hutton applies. When the CEO of Daimler Truck talks, the global trucking industry listens.

Martin Daum is the influential voice and CEO of Daimler Truck. (Photo: Alan...

https://www.freightwaves.com/news/truck-tech-daum-straight-edition

An inconvenient truth about electric trucks

A few days in Germany revealed an inconvenient truth about real-world applications of battery-electric and hydrogen-powered trucks. Inadequate infrastructure, a lack of drivers and traffic congestion will frustrate meaningful expansion for sometime to come.

Jolt of electric truck reality 

A visit to the aging DB Schenker freight distribution center outside Frankfurt, Germany, injected a jolt of reality about electric trucks. The near giddiness surrounding the reveal of battery-electric and...

https://www.freightwaves.com/news/truck-tech-deutschland-dispatches-edition

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