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   Dennis Mooney Joins Self-Driving Truck Company Plus as Chief Platform Officer  2021/02/25 14:00:00 Business Wire
CUPERTINO, Calif.--(BUSINESS WIRE)--Plus (formerly Plus.ai), a leading company in self-driving truck technology, announced that Dennis Mooney, a former senior executive of Navistar International Corporation and General Motors, has joined the company as Chief Platform Officer. He previously served on Plus’s Advisory Board from June 2020. In his new role, Mooney will draw on his decades of expertise in global product development for world-class automotive and truck manufacturers to further scale
   Electric Trucks Market to Witness Massive Growth in Near Future, Finds Technavio | Featuring Key Vendors - AB Volvo, BYD Co. Ltd., Daimler AG, Hino Motors Ltd., Navistar International Corp., and Others  2021/02/24 15:45:00 PR Newswire
NEW YORK, Feb. 24, 2021 /PRNewswire/ -- The "Electric Trucks Market by Vehicle Type and Geography - Forecast and Analysis 2020-2024" report has been added to Technavio's offering. The electric trucks market is expected to grow by 354.44 thousand units, progressing at a CAGR of over 24%…
   Georgia Capital PLC 4Q20 and FY20 Results  2021/02/24 09:30:00 Business Wire
TBILISI, Georgia--(BUSINESS WIRE)--Georgia Capital PLC (the “Group") has published today its fourth quarter and the full year 2020 preliminary financial results. KEY POINTS ► 27.2% growth in 4Q20 NAV per share (GEL) on the back of strong value creation across our resilient and defensive private portfolio and a 36.6% increase in BoG share price during the quarter ► 2.7% growth in FY20 NAV per share (GEL), primarily driven by the first time valuation of investment stage businesses and GHG, as a w
   Navistar Acquires Second Property In San Antonio Ahead Of Plant Launch In 2022  2021/02/11 21:05:00 PR Newswire
LISLE, Ill., Feb. 11, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) acquired a new property in San Antonio, which includes existing buildings that will house support functions for its under-construction plant in the area. Navistar's total investment in the region…
   Dear Elon Musk, Buy Physical Gold and Silver Now, not Paper ETFs  2021/02/11 16:27:44 GoldSilver
Dear Mr. Musk, We regret to inform you that due to the counterparty risks of our bullion ETF, the fund’s NAV (Net Asset Value) does not currently match the spot price of gold.
   Amazon-backed Aurora just inked a major deal to put its self-driving software in semi trucks (PCAR)  2021/01/19 22:00:38 Business Insider
Summary List Placement Autonomous vehicle startup Aurora on Tuesday announced a key partnership that brings it closer to its goal of deploying self-driving trucks. The Amazon-backed firm is teaming up with Paccar, a major truck manufacturer that builds light-, medium-, and heavy-duty trucks under well-known nameplates including Peterbilt and Kenworth. Under the new agreement, the two companies will develop, test, and sell vehicles that marry Aurora's autonomous-driving tech with Paccar's vehicles, Aurora said. "We have entered into a strategic partnership with Paccar that combines their considerable expertise in heavy-duty truck development, manufacturing, and sales with our deep understanding of autonomous vehicle technology to bring a safe, efficient self-driving product to market quickly and deploy it broadly," Sterling Anderson, Aurora's co-founder, said in a blog post . Read more: Meet 2021's rising stars of self-driving vehicles from companies like Waymo, Aurora, and Cruise Aurora and Paccar engineers will jointly develop "driverless-capable" trucks based on the Peterbilt 579 and Kenworth T680, the startup said.
   Navistar Will Sell Illinois Facility, Lay Off 250 Workers  2021/01/14 14:38:53 Benzinga
Navistar International Corp. (NYSE: NAV ) said Wednesday it will lay off 250 employees as part of a plan to close and sell its Melrose Park, Illinois, facility to an industrial park developer. Another 250 workers will transfer to other facilities. Navistar laid off 170 employees in 2018 in Melrose Park when it stopped making engines there. The company's need for engine testing declined as it has reduced engine manufacturing amid the trucking industry's transition to alternative fuel drivetrains. Under a long-term supply agreement reached in August, Cummins Inc. (NYSE: CMI ) will supply medium- and heavy-duty truck and bus engines to Navistar through the next two emission cycles, or 2026. Navistar will soon become part of TRATON Group, the commercial truck holding company … Full story available on Benzinga.com
   Navistar to Sell Melrose Park, Ill. Campus to Developer  2021/01/13 21:05:00 PR Newswire
LISLE, Ill., Jan. 13, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) plans to sell its Melrose Park, Illinois facility to a developer who has an actionable plan to redevelop the parcel into a state-of-the-art industrial business park. Navistar estimates that half of…
   GM Reveals Electric Delivery Van With Connected Pallets  2021/01/13 18:06:25 Benzinga
General Motors Co. (NYSE: GM ) flung itself into the battery-electric commercial delivery and freight-tech businesses Tuesday, revealing an electric-powered cargo van and a connected pallet system for getting goods from the vehicle to customers' doorsteps. The automaker had hinted it was working on a battery-powered electric van. CEO Mary Barra announced the creation of a startup, BrightDrop, during a digital keynote address for CES 2021. BrightDrop joins GM Defense and two recent OnStar spinoffs to come out of GM's Global Innovation organization. "BrightDrop offers a smarter way to deliver goods and services," Barra said in a press release. "We are building on our significant expertise in electrification, mobility applications, telematics and fleet management, with a new one-stop-shop solution for commercial customers to move goods in a better, more sustainable way." The EV600 gross vehicle weight rating is less than 10,000 pounds. It has more than 600 cubic feet of cargo area with motion sensors to help keep cargo secure.
   Proterra to Take Heavy-Duty Electric Vehicle Business Public via SPAC Transaction  2021/01/12 15:46:00 Green Technology Media
Proterra, builder of electric buses, heavy-duty vehicle drivetrains, batteries and charging systems, plans to go public on the NASDAQ exchange via merger with a special purpose acquisition company (SPAC), the latest in a string of EV companies seeking access to public market financing to meet growing demand. Tuesday’s announcement sets the Burlingame, Calif.-based company on a course to merge with ArcLight Clean Transition Corp., with $415 million in private investment in public equity (PIPE) commitments led by Daimler Trucks, as well as Franklin Templeton, Chamath Palihapitiya, Fidelity Management & Research and, and funds and accounts managed by private equity firm BlackRock. The transaction is expected to raise $825 million in cash and set an enterprise value of $1.6 billion for Proterra, which will trade under the ticker symbol PTRA. The company, founded in , has raised about $682 million from investors including Kleiner Perkins, Daimler, Generation Investment Management, Tao Capital Partners, Soros Fund Management, Cowen Sustaimable Advisors, GM Ventures, and utility Exelon's Constellation power retailing unit.
   Navistar Will Sell Illinois Facility, Lay Off 250 Workers  2021/01/14 14:38:53 Benzinga
Navistar International Corp. (NYSE: NAV ) said Wednesday it will lay off 250 employees as part of a plan to close and sell its Melrose Park, Illinois, facility to an industrial park developer. Another 250 workers will transfer to other facilities. Navistar laid off 170 employees in 2018 in Melrose Park when it stopped making engines there. The company's need for engine testing declined as it has reduced engine manufacturing amid the trucking industry's transition to alternative fuel drivetrains. Under a long-term supply agreement reached in August, Cummins Inc. (NYSE: CMI ) will supply medium- and heavy-duty truck and bus engines to Navistar through the next two emission cycles, or 2026. Navistar will soon become part of TRATON Group, the commercial truck holding company … Full story available on Benzinga.com
   Navistar to Sell Melrose Park, Ill. Campus to Developer  2021/01/13 21:05:00 PR Newswire
LISLE, Ill., Jan. 13, 2021 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) plans to sell its Melrose Park, Illinois facility to a developer who has an actionable plan to redevelop the parcel into a state-of-the-art industrial business park. Navistar estimates that half of…
   GM Reveals Electric Delivery Van With Connected Pallets  2021/01/13 18:06:25 Benzinga
General Motors Co. (NYSE: GM ) flung itself into the battery-electric commercial delivery and freight-tech businesses Tuesday, revealing an electric-powered cargo van and a connected pallet system for getting goods from the vehicle to customers' doorsteps. The automaker had hinted it was working on a battery-powered electric van. CEO Mary Barra announced the creation of a startup, BrightDrop, during a digital keynote address for CES 2021. BrightDrop joins GM Defense and two recent OnStar spinoffs to come out of GM's Global Innovation organization. "BrightDrop offers a smarter way to deliver goods and services," Barra said in a press release. "We are building on our significant expertise in electrification, mobility applications, telematics and fleet management, with a new one-stop-shop solution for commercial customers to move goods in a better, more sustainable way." The EV600 gross vehicle weight rating is less than 10,000 pounds. It has more than 600 cubic feet of cargo area with motion sensors to help keep cargo secure.
   Proterra to Take Heavy-Duty Electric Vehicle Business Public via SPAC Transaction  2021/01/12 15:46:00 Green Technology Media
Proterra, builder of electric buses, heavy-duty vehicle drivetrains, batteries and charging systems, plans to go public on the NASDAQ exchange via merger with a special purpose acquisition company (SPAC), the latest in a string of EV companies seeking access to public market financing to meet growing demand. Tuesday’s announcement sets the Burlingame, Calif.-based company on a course to merge with ArcLight Clean Transition Corp., with $415 million in private investment in public equity (PIPE) commitments led by Daimler Trucks, as well as Franklin Templeton, Chamath Palihapitiya, Fidelity Management & Research and, and funds and accounts managed by private equity firm BlackRock. The transaction is expected to raise $825 million in cash and set an enterprise value of $1.6 billion for Proterra, which will trade under the ticker symbol PTRA. The company, founded in , has raised about $682 million from investors including Kleiner Perkins, Daimler, Generation Investment Management, Tao Capital Partners, Soros Fund Management, Cowen Sustaimable Advisors, GM Ventures, and utility Exelon's Constellation power retailing unit.
   Navistar Recalls Trucks Because Engine Revving Can Overwhelm Parking Brake  2021/01/11 18:45:42 Benzinga
Navistar International Corp. (NYSE: NAV ) is recalling about 20,000 work trucks in the U.S. and Canada because engine revving during power takeoff (PTO), such as operating a dump truck, can overwhelm the parking brake. It is the truck maker's second recall for the issue in a year. Navistar recalled 12,359 work trucks in the U.S. for the same issue in December 2019. The condition can occur when the parking brake is applied with the automatic transmission still in drive or reverse. When the operator engages the stationary PTO switch, the engine RPM revving may overcome the parking … Full story available on Benzinga.com

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