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Share: A company hoping to disrupt the massive semitruck market announced a SPAC deal Monday, with plans to launch autonomous trucks in 2021. The SPAC Deal: Plus, formerly known as Plus.ai, announced a SPAC deal with Hennessy Capital Investment Corp V (NASDAQ: HCIC). The deal values the company at an enterprise value of $2.47 billion and includes a $150-million PIPE. Shares of Plus will trade as "PLAVV" on the NYSE if the merger is approved. Current HCIC shareholders will own 13% of the new company. About Plus: Plus is working on mass production-ready, low-cost Level 4 autonomous driving tec...

Daimler AG's (OTC: DDAIF) Mercedes-Benz division is one of many automakers looking to break new ground in building a fully autonomous automobile. Will it be the first? Ola Källenius, who joined Daimler AG's board of management on January 1, spoke about this and other topics at the... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to: