Honda Motor Co. Ltd., which has its U.S. headquarters in Torrance, and Detroit-based General Motors Co. have formed a North American alliance to develop shared electric vehicle platforms and propulsion systems.
Long Beach-based Rocket Lab USA Inc. made a successful return to flight on Aug. 30 following a failed mission in July.
A surge in online spending and extra vessel visits in July helped the Port of Long Beach record its busiest month while the Port of Los Angeles saw its highest cargo volumes of the year.
Company also nears $2 billion in new funding
Elon Musk’s Hawthorne-based Space Exploration Technologies Corp. passed one milestone and neared another last week.
El Segundo-based Kellstrom Defense Aerospace Inc. has a new moniker — AllClear Holdings — and will share it with its parent company, Aero Precision Holdings.
Raytheon Intelligence & Space, a division of Raytheon Technologies Corp., reported that the company will hire over 300 workers at its El Segundo location.
SpaceX successfully landed a Falcon 9 rocket booster following a launch for a record sixth consecutive time.
Electric commercial vehicle maker Xos Trucks Inc. has raised $20 million in funding from investors including BUILD Capital Partners and Proeza Ventures.
Plans to implement fees tied to the Clean Truck Fund appear to be on hold as the the San Pedro Bay ports grapple with pandemic-related cargo declines and labor shifts.
A surge in online spending and extra vessel visits in July helped the Port of Long Beach record its busiest month ever.
Carparts.com, formerly U.S. Auto Parts Network Inc., reported revenue of $118.9 million, a 61% increase compared to the same period last year.
Cargo volumes for July at the Port of Los Angeles were highest for the year so far, but still trailed July 2019 by 6.1%.
United Pacific, the Long Beach-based operator of some 415 gas stations and convenience stores, acquired another 95 units in a deal with Agoura Hills-headquartered Northwest Dealerco Holdings, which does business as Platinum Energy.
Automaker reports decline of 11% for cars and trucks
New vehicle sales at American Honda Motor Co. Inc. totaled 125,450 cars and light trucks in July, an 11.2% decrease compared to the same period last year.
Shares of Beyond Meat Inc. dropped about 6% after the maker of plant-sourced meats reported second-quarter sales on Aug. 5 that beat Wall Street expectations.