Tag: Trucking News

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 […]

XL Fleet Corp. Announces Timing of First Quarter 2022 Earnings Release and Conference Call

BOSTON–(BUSINESS WIRE)–XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading energy efficiency and fleet electrification solutions provider, today announced that it will release its first quarter 2022 financial results after market close on Tuesday, May 10, 2022. This release will be followed by a conference call hosted by members of the XL […]

Howmet Aerospace to Host Technology Day on May 23, 2022

PITTSBURGH–(BUSINESS WIRE)–Howmet Aerospace Inc. (NYSE:HWM) announced today that it will host a Technology Day on Monday, May 23, 2022, at 1:00 PM ET in New York. A detailed agenda and a real-time webcast of the event will be available on the “Investors/Events and Presentations” section of www.howmet.com. About Howmet Aerospace Howmet Aerospace Inc., headquartered in […]