SA: Amazon eyeing stake in self-driving truck company Plus

Amazon warehouse

Photo: © Marcos del Mazo | Dreamstime.com

By LoadstarEditorial

21/06/2021

SEEKING ALPHA reports:

– Amazon (NASDAQ:AMZN) is reportedly in talks to acquire an up to 20% stake in self-driving truck company Plus, which is planning to go public through a reverse merger with SPAC Hennessy Capital (NASDAQ:HCICU).

– Bloomberg sources say Amazon has placed an order with Pus for 1,000 autonomous trucks.

– The stake purchase would allow Amazon to buy preferred shares of Plus through a warrant at $0.46647 per share, according to a source…

To read the full post, please click here (free reg. is required).

Comment on this article

You must be logged in to post a comment.

Topics

Amazon Hennessy Capital Plus Self-driving vehicles Amazon Air Emissions and omissions Environment Going green Greenwashing

Most read news

Looming 'indefinite' strike set for the Port of Montreal as tensions rise

Vessel bunching on USEC slow to clear, as ILA shapes new 'strategy'

Forwarders on the hook for millions following Debenhams collapse

Gemini warns of 'meltdown' when Suez reopens

Shippers to opt for direct port calls over speed of service, predicts MSC's Soren Toft

Why I’ll miss the ‘defiantly brazen’ Schenker

Flexible airfreight must find balanced traffic flows to keep networks in tact

Fallout from hurricanes a greater concern than strikes, say forwarders

China tightens rules on hazardous cargo at Ningbo

Warehousing confusion as Amazon cuts space allocations pre-peak

'Inconclusive' MEPC 82 set the stage for a CII showdown at next meeting

India takes RMG market share from strife-ridden Bangladesh

TS Lines expands Africa services and orders more ships

Spot rates ex-Asia still falling, despite USEC congestion, with more blanks

DHL, Mærsk, Kuehne & DSV – tears & rain, hope & faith

Florida evacuates as cat-4 hurricane ‘Milton’ set to strike tonight