Nikola Corp. founder, Trevor Milton, has been offloading stock ever since he was indicted for making misleading and/or blatantly false statements about the company. The formal charges were issued in July, piggybacking off a critically damning report from 2020 that alleged Nikola had grotesquely misrepresented its production capabilities and falsified a video where it showed an inoperable prototype vehicle working as if it was fully functional. The paper caught the attention of both the Securities and Exchange Commission (SEC) as well as the Department of Justice (DOJ) — resulting in Milton stepping down as CEO and twelve months of investigative probes.
The National Highway Traffic Safety Administration has opened an investigation into nearly 605,000 heavy-duty Ram trucks. A report from the regulator’s Office of Defects Investigation has tabulated 22 complaints from the 2019 and 2020 model years, all of which use 6.7-liter Cummins turbo diesel engines, spurring the NHTSA to launch a formal investigation. Complaints revolve around loss of motive power, with most incidents occurring above 25 mph and resulting in the “permanent disablement of the vehicle.”
While the public was not made aware of the investigation until Monday, the agency launched its probe last Thursday on October 14th. The goal will be to establish how widespread the presumed defect is, what exactly caused it, and any potential safety hazards relating to the issue. Some headway has already been made, however.
The Hyundai Xcient is on its way to becoming the first mass-produced hydrogen-powered, heavy-duty truck. Design and performance improvements have made it more competitive with those expected from Mercedes-Benz, Toyota-Hino, and Nikola.
Can the Toyota Tundra go toe-to-toe with the Ford F-150, and does it make sense to try? The F-150 is the most popular vehicle in the U.S., despite a 12 percent drop in sales. Ford still managed to sell 787, 422 F-150s in 2020. Toyota sold a little over 109,000 Tundras in 2020, down two percent from 2019. While that sounds like the Tundra did well, it only outran the Nissan Titan.
While Ford’s F-150 is slated for electrification, Super Duty versions of the F-Series are not. On Monday, the automaker told industry analysts that HD EVs weren’t in the cards — adding that customers can still expect all-electric versions of the Mach-E “Mustang” and Transit van.
“Our goal is to build a profitable electric vehicle portfolio,” John Lawler, Ford chief financial officer, explained during the forum hosted by Dan Levy of Credit Suisse. “To do that, we need to leverage our strengths and the scale that we have. We’re being very strategic about the platforms that we choose.”
We’d like to welcome TTAC contributor, point-of-view video auteur, and fan favorite Bigtruckseries to the site for his first contribution. Bigtruck, as many of our readers know, is the owner of a Chrysler 300C. After adding a Jeep Cherokee SRT-8 to his fleet, he decided to attend the SRT Experience and chronicle the event for us. Bigtruck’s not the only reader we’d like to see contributing feature articles, so if you’re interested, please contact us. In the meantime, enjoy a one-hand-on-the-B-pillar romp through Chrysler’s enthusiast event. Naturally, there’s plenty of video! — JB
“SRT” stands for “Street & Racing Technology”. I always assumed it stood for “Street Racing Technology”, but for litigious reasons, “street racing” is something that I’d doubt Chrysler LLC would want to promote.
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- Lorenzo Are there any naturally aspirated engines available?
- Jeff There was a time that all the major auto makers advertised there full size V-8 engine cars to be quieter than a Rolls Royce. Ford had ads up thru the early 80s showing the Ford LTD and the Mercury Grand Marquis being quieter than a Rolls Royce with a smoother ride. An ad for a the Grand Marquis showed how quiet and smooth riding it was demonstrating that even a rabbi could do a circumcision on a baby boy in the back of a Grand Marquis. Most cars in the 60s, 70s, and much of the 80s were marketed for their quiet interiors and smooth rides. Now we have to add noise to a vehicle to give the illusion of powerful and fast. If I ever were to own an EV I would want it quiet.
- Lorenzo Six percent here, ten percent there, and pretty soon you've got a dead brand.
- ToolGuy Tungsten trim? I am holding out for the Depleted Uranium trim.
- Proud2BUnion Mr. Allen Wrench needs tungsten to live!