GM and Ford Lobby to Save EV Tax Incentives
Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses.
February 11, 2025Elliott Builds More Than $2.5 Billion Stake in Phillips 66
Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.
February 11, 2025Trump Says Nippon Steel May Invest in US Steel
President Donald Trump indicated Nippon Steel is considering investing in United States Steel instead of an outright purchase.
February 7, 2025Nikola Considers Bankruptcy, Capping EV Maker’s Wild Ride
Nikola Corp. is working with a law firm and financial advisers to prepare a potential Chapter 11 filing, which would protect it from creditors amid a cash crunch.
February 7, 2025Logistics Agents Put 30% Levy on Shein, Temu Retailers
Chinese retailers that sell on Shein and Temu have been asked by logistics agents to start paying an additional 30% levy after President Donald Trump hiked tariffs on goods imported to the U.S.
February 6, 2025OPEC+ Sticks to Supply Plan as Trump Seeks Oil Price Cut
OPEC+ didn’t make any changes to its existing oil production plans at a review meeting Feb. 3, even as President Donald Trump called on the group to lower crude prices.
February 3, 2025Renault Seeks Takeover Premium From Honda for Nissan Stake
Renault SA wants a premium for its stake in Nissan Motor Co. if Honda Motor Co. takes over control of the rival Japanese automaker, according to people familiar with the matter.
January 29, 2025Oil Traders Expect OPEC+ to Stick With Supply Plan Next Week
Oil traders expect OPEC+ to stick with its current supply policy at a review meeting next week, resisting pressure from President Donald Trump to open the taps and bring down crude prices.
January 27, 2025Nissan Plans Cuts Without Resorting to Plant Closures
Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.
January 27, 2025New Jersey's Murphy Asks Trump to Review Congestion Pricing
New Jersey Gov. Phil Murphy called on President Donald Trump to help fight New York City’s congestion pricing program and revisit the studies used by federal agencies to approve the toll.
January 23, 2025