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Watch a Driverless Truck Operate 100 Percent Autonomously in Highway Traffic

Watch a Driverless Truck Operate 100 Percent Autonomously in Highway Traffic ....

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Self-driving truck startup Plus to go public through $3.3 billion SPAC deal

Self-driving truck startup Plus to go public through $3.3 billion SPAC deal
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Last Updated: May 10, 2021, 04:16 PM IST
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Reuters
FILE PHOTO: A truck is loaded with soybeans at a farm in Porto Nacional, Tocantins state, Brazil March 24, 2018. Picture taken March 24, 2018. REUTERS/Roberto Samora/File Photo
Plus said on Monday it would go public through a merger with blank-check company Hennessy Capital Investment Corp. V in a deal that values the self-driving truck technology startup at $3.3 billion.
The combined company will get proceeds of $500 million from the deal, including a private investment of $150 million. Investors in the deal include BlackRock and D.E. Shaw group, among others. ....

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Self-driving truck startup Plus to go public through $3.3 bln SPAC deal

TechnologySelf-driving truck startup Plus to go public through $3.3 bln SPAC deal
Reuters
2 minute read
Plus said on Monday it would go public through a merger with blank-check company Hennessy Capital Investment Corp. V (HCIC.O) in a deal that values the self-driving truck technology startup at $3.3 billion.
The combined company will get proceeds of $500 million from the deal, including a private investment of $150 million. Investors in the deal include BlackRock (BLK.N) and D.E. Shaw group, among others.
In February, Plus raised $200 million in a funding round, co-led by brokerage Guotai Junan International and private equity firm CPE, according to data from Pitchbook. ....

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Foley Weekly Automotive Report - May 2021 | Foley & Lardner LLP

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Key Developments - . ....

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Automotive Industry: Semiconductor Shortage & EV Tax Incentives & other news

Tuesday, May 4, 2021
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.
Key Developments
U.S. new light-vehicle sales in April predict a
In an earnings call last week,
Ford warned of a potential volume loss approaching
1.1 million vehicles for the full year’s planned production due to the ongoing global semiconductor shortage.
Due to the semiconductor shortage,
GM announced additional downtime for
five North American plants; Volkswagen’s Mexico unit will stop production for certain vehicles in Puebla this month, and
Nissan announced several days of downtime in May for its North American plants. ....

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