Dana publishes solid financial results in the second quarter

[Stay on top of transportation news: Get TTNews in your inbox.] Dana Inc. saw large increases in net income and sales in the second quarter as customer demand continued for its products. Net income for the period ended June 30 rose to $ 53 million, or 36 cents per diluted share, compared to a loss …

Dana, Switch Mobility Partner for electrified commercial vehicles

[Stay on top of transportation news: Get TTNews in your inbox.] Dana Inc. has signed a strategic agreement with Switch Mobility to advance electrified commercial vehicles, the companies announced on July 30th. Switch Mobility is an electric vehicle manufacturer and subsidiary of the commercial vehicle manufacturer Ashok Leyland. Dana will make a strategic investment in …

DOE awards $ 60 million for zero-emission truck and car projects

[Stay on top of transportation news: Get TTNews in your inbox.] The US Department of Energy announced on July 28 that it had allocated $ 60 million to projects to reduce emissions from trucks and cars. The 24 award-winning research and development projects aim to decarbonise the transport sector and improve the infrastructure required to …

The Senate’s infrastructure plan is supported by both parties

[Stay on top of transportation news: Get TTNews in your inbox.] A US Senate vote to initiate a debate on a major infrastructure bill and the House of Representatives to pass the 2022 fiscal year transportation funding resulted in an unofficial “infrastructure week,” spearheaded by supporters of Congressional funding and the Biden White House. 67 …

Grant Approved for Norfolk Terminal Rail Expansion

[Stay on top of transportation news: Get TTNews in your inbox.] The Commonwealth Transportation Board recently approved a $ 450,000 grant for Norfolk Terminal LP to be used to improve the movement of goods at the facility. Appointed by the Governor of Virginia, the Commonwealth Transportation Board is a group of 17 that allocates highway …

Mobileye is the first to test self-driving vehicles in New York City

[Stay on top of transportation news: Get TTNews in your inbox.] For the first time, autonomous vehicles are driving the streets of New York City. Mobileye, an autonomous vehicle company owned by Intel, announced that it has been testing its driverless cars on the streets of New York City since June. Mobileye is the first …

Senators are running for an infrastructure deal

[Stay on top of transportation news: Get TTNews in your inbox.] WASHINGTON – Senators ran into new problems on July 26th as they battled to finalize a bipartisan infrastructure deal, with pressure mounting on all sides to show progress on President Joe Biden’s top priority. Serious roadblocks remain on the way to a make-or-break week. …

Daimler with earnings and sales growth in the second quarter

[Stay on top of transportation news: Get TTNews in your inbox.] In the second quarter, Daimler AG sold 736,385 cars and commercial vehicles, 36% more earnings and sales than 541,833 in the same period of the previous year. Truck sales alone increased by an even higher percentage. Stuttgart-based Daimler, which reports in euros, posted earnings …

Ford, Lyft and Argo work together to deploy robo-taxis

[Stay on top of transportation news: Get TTNews in your inbox.] Ford Motor Co. and its partner Argo AI will launch a self-driving ride-hailing service with Lyft Inc. in Miami and Austin, Texas later this year. It will be the largest commercial launch of robot rides. The deal, announced on July 21, brings together the …

Indiana Gives Utilities $ 5.5 Million to Build an Electric Vehicle Charging Network

[Stay on top of transportation news: Get TTNews in your inbox.] If you build it, they will come. At least that is what the state of Indiana and its suppliers hope for with charging stations and electric vehicles. Indiana is lagging behind on infrastructure for plug-in vehicles, while some of its Midwestern neighbors and other …