Truck Talk: Deal or no deal edition
TuSimple for safety and picking non-SPAC suitors for Tula Technology
1 35 5 minutes read
This week, we’re following TuSimple Holdings Inc.’s $1.1 billion IPO as well as merger prospects for Tula Technology, which makes cylinder-skipping engine controls that dramatically reduce planet-warming greenhouse gases.
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Safe at home
TuSimple’s (NASDAQ: TSP) big news this week was, of course, its initial public offering as it became the first autonomous trucking software developer to go public. With enough money in the bank to get the company to its purpose-built Level 4 high-autonomy Class 8 truck with Navistar (NYSE: NAV) in 2024, the next thing to watch is how it gets there.
KHL Group
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By Mike Brezonick15 April 2021 Marcela Barreiro
Daimler Trucks North America (DTNA) has announced the appointment of Marcela Barreiro to president and CEO of Daimler Trucks Mexico with immediate effect. She succeeds Flavio Rivera who is separating with Daimler after 16 years with the company, the past four as president and CEO of Daimler Trucks Mexico.