The company has raised USD 483 million by creating an additional 134,166,667 shares of its Class A common stock at USD 3.60 per share. These funds will help the company continually develop and bring to market its level 4 autonomous truck driving software (Aurora Driver).

Following the purchase of ESG, Terex intends to organise the brands into a new “Environmental Solutions” division, which will also include its existing utilities business.

Both the diesel and battery electric variants of the MD series will now come with a new cab, which is four inches longer than in the previous model.

This deal will create significant revenues for Ceres through licensing fees, royalty payments, engineering services and hardware over multiple years. The majority of the revenue generated will come through royalty payments on any hydrogen delivered to the end customers.

Air Products will produce and supply the hydrogen to the various stations which will be aided by the new hydrogen liquefaction plant currently being built in Rotterdam in the Netherlands. Once operational, this will double Europe’s total liquid hydrogen supply.

On 9 August, the Royal Bank of Canada and Export Development Canada served Vicinity Motor letters demanding full and immediate payment of outstanding debt balances, totalling nearly USD28m.

The Ministry of Transport in Japan is considering introducing dedicated lanes for self-driving trucks on highways connecting major cities to help reduce congestion and address driver shortages.

At a Venture Logistics facility in the Midwest, the project partners will test a 500-kW charging system with two Class 8 battery electric trucks to see what benefits wireless charging could bring to goods transportation.

The vehicle was first debuted on the Irizar stand at Solutrans 2023, hosted in Lyon. These trucks were produced at the new truck production plant in Lazkao, Spain. 

The test took place on a North American highway in Q4 2023 over 19,312 kilometres with fully loaded comparison trucks. The test ran with and without cylinder deactivation active via a dashboard switch.

The e-buses will operate on the island of Yakushima, a Unesco World Heritage site.

With continuous power of 351 kW and peak power of 850 kW, the GVM310 is designed for applications such as commercial on-road, construction, material handling, forestry, and mining, while weighing only 230 kilograms.