Tag: Trucking News

Strategic Analysis of Amazon’s Growing Footprint in Mobility – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Strategic Analysis of Amazon’s Growing Footprint in Mobility” report has been added to ResearchAndMarkets.com’s offering. Amazon, the eCommerce behemoth, has been making steady strides in the automotive industry and larger mobility landscape over the past decade. The company is slowly building relevant capabilities using a focused approach, giving it a foothold across automotive […]

Breezeline Introduces Electric Vehicles as It Sets the Goal of Net Zero Emissions By 2050

Breezeline environmental targets are designed to reduce the company’s carbon footprint to protect the environment QUINCY, Mass.–(BUSINESS WIRE)–Breezeline, formerly Atlantic Broadband, the nation’s eighth-largest cable operator, today announced that the company has begun to deploy electric vehicles (EVs), a key step in its commitment to reduce its operational emissions by 65% by 2030 and achieve […]

MP Materials Begins Construction on Texas Rare Earth Magnetics Factory to Restore Full U.S. Supply Chain

MP Materials and General Motors simultaneously announce a definitive supply agreement commencing in late 2023 to produce rare earth alloy and magnets for GM’s EV programs The facility will create approximately 150 skilled jobs and approximately 1,300 indirect jobs MP Materials’ Texas magnetics facility will source materials from Mountain Pass, California, and produce magnets powering […]

Alta Fox Issues Letter to Daseke’s Board of Directors Outlining the Rationale for a Significant Share Repurchase

DALLAS–(BUSINESS WIRE)–Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox” or “we”), the beneficial owner of approximately 4.0% of the outstanding shares of Daseke, Inc. (NASDAQ: DSKE) (“Daseke” or the “Company”), today announced that it has sent the below letter to Daseke’s Board of Directors. *** April 21, 2022 Members of the Board […]

Cummins’ Filtration Business Submits Confidential Registration Statement for Proposed Initial Public Offering

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today announced that its Filtration business has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for a proposed underwritten initial public offering (the “IPO”) of newly issued common stock of the business in the United States. The number of […]

Cyngn Launches DriveMod Kit, a Fully-Equipped Autonomous Vehicle Hardware Integration Module

MENLO PARK, Calif.–(BUSINESS WIRE)–$CYN #autonomousvehicles—Cyngn (or the “Company”) (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial enterprises, today announced the official launch of DriveMod Kit, a turnkey autonomous vehicle (“AV”) solution for which Cyngn filed a patent in February 2022. DriveMod Kit’s inaugural manufacturing run started coming off the […]

Cenntro Electric Group to Host 2021 Year End Financial Results Conference Call on Monday, April 25, 2022 at 5:00 p.m. Eastern Time

FREEHOLD, N.J.–(BUSINESS WIRE)–Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, will hold a conference call on Monday, April 25, 2022 at 5:00 p.m. Eastern time to discuss its financial results for the year ended December 31, 2021. A press release detailing the financial results will be […]