Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.
General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said.
Nikola Corp. CEO Mark Russell sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.
General Motors Co.’s Cruise unit will be allowed to test autonomous vehicles on public roads in San Francisco without a safety driver, joining Amazon .com Inc.-backed Zoox Inc. and a handful of other self-driving startups.
Total SE is making an investment as part of a small funding round in U.S. fuel cell truck startup Hyzon Motors, an effort by the French oil giant to boost development of cleaner energy sources.
Nikola Corp. is rescheduling its in-person Nikola World conference, where it was planning to show its electric pickup truck, as the company regroups in the wake of a stock sell-off and the departure of its chairman.
Nikola Corp. made a fuller-throated denial of a report last week that claimed the electric-truck maker had deceived investors, accusing a short seller of mischaracterizations and distortions.
Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company become the world’s most valuable automaker.
Fisker Inc. missed a self-imposed deadline for a technology-sharing deal with Volkswagen AG that the electric-vehicle startup had described as key to cutting costs.