Sonic Automotive Inc. posted several all-time quarterly records in the second quarter and also said it is “considering a full range of potential alternatives” for its rapidly growing EchoPark brand.
He steps into the top role at Workhorse shortly after the company filed a legal challenge against the United States Postal Service over a major fleet contract award.
The indictment alleges that Trevor Milton schemed to defraud investors into buying Nikola shares through statements about the company’s product and technology development. Milton’s lawyers said their client is innocent.
Ryder’s network will enable TuSimple to rapidly scale up its freight system without having to invest heavily in its own terminals.
The Chinese company also launched a battery-pack solution that can integrate sodium-ion cells and lithium-ion cells into one case.