Why Hyliion Stock Is Moving Higher Today fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Hyliion hunkers down as EV startup stocks get hammered
Hybrid electric driveline developer has money, if not time, on its side
0 40 5 minutes read Hyliion Holdings Corp. has a lot to prove as its stock price dwindles along with many in the electric vehicle space. CEO Thomas Healy is staying the course. (Photo: Hyliion)
Its stock is trading in the single digits after giddy investors bid it above $50. Production is still a year away. But Hyliion Holdings CEO Thomas Healy sees reasons for optimism around the company’s natural gas-electric hybrid system for Class 8 trucks.
Hyliion (NYSE: HYLN) went public just months after Nikola Corp. (NASDAQ: NKLA), which became the first high-profile reverse merger of 2020. Retail investors bid up Nikola shares on potential over profits. Though it never reached Nikola’s $93.99 intraday price, Hyliion touched $58.66 a share.
Anheuser-Busch Inbev SA (NYSE:BUD), Cummins Inc (NYSE:CMI) - Hyliion Hunkers Down As EV Startup Stocks Get Hammered benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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WESTLAKE, Ohio TravelCenters of America Inc. honored truck divers Dan Porter of Acton, Ontario, and Don Talley of Muncie, Ind., recently with its eighth annual Citizen Driver awards.
The professional drivers, who were chosen from 85 nominations, have a combined 73 years of hauling freight, with nearly 6 million accident-free miles.
Each driver was given a bronze historical marker with the driver s image and story to be installed on the front of the TA, Petro or TA Express location of his choice. They also get a dedicated ceremony with 30 of their friends and family. Each year, our Citizen Driver Program honors those who go above and beyond in their service to customers and the community. Their commitment to delivering our nation s goods, no matter the weather conditions or circumstances, is what keeps our country moving, TA President Barry Richards said.
Union workers strike at Volvo Trucks plant
The United Auto Workers (UAW) union went on strike Saturday at Volvo Trucks North America s New River Valley (NRV) truck assembly plant, another significant hurdle in truck production that was already facing headwinds from supply chain shortages.
NRV Vice President and General Manager Franky Marchand noted the company was surprised and disappointed that the UAW decided to strike,” adding that progress was being made in negotiations with the union and we had offered substantial increases in our employees’ compensation.
UAW Secretary-Treasurer Ray Curry, Director of the UAW Heavy Truck Department, said the union was disappointed that Volvo Truck has failed to present a substantial offer by the March 16 contract deadline despite a contract extension, adding that more than 2,900 UAW members at NRV are seeking a new agreement that protects their families through job security, adequate wages and benefits and protects their health