Thursday, December 19

Tag: Automobile Electronics

TuSimple Winds Down U.S. Operations as It Looks for Buyer
5Dec By adminNo Comments
World

TuSimple Winds Down U.S. Operations as It Looks for Buyer

Self-driving trucking company TuSimple Holdings said Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country.The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto & Transport Roundup: Market Talk
20Nov By adminNo Comments
World

Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1321 ET – Nikola’s departing finance chief Anastasiya Pasterick is heading to another hydrogen-powered vehicle company. Universal Hydrogen, a private company developing hydrogen-powered aviation, announces it has hired Pasterick as CFO. Nikola has faced a flurry of executive changes this year and said in a regulatory filing Friday that Pasterick would resign after several months in the CFO role. Universal Hydrogen notes Pasterick’s prior involvement with Nikola’s SPAC merger which took the company public in 2020 and her experience helping with the IPO of nLIGHT. Nikola shares drop 3.9% to $1. (ben.glickman@wsj.com; @benglickman)Copyright ©2023 Dow ...
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