Business

A waning electric vehicle market is dragging down shares of companies making chips for automobiles, with their limited exposure to AI excluding them from a broader rally. 

Shares of truck maker Volvo AB dropped as much as 5.9% in Stockholm on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about $1.3 billion.

Tesla Inc. recalled 3,878 Cybertruck pickups to rework or replace accelerator pedals that can dislodge and cause the vehicle to unintentionally accelerate, increasing risk of a crash.

The federal government awarded Fort Worth, Texas, $2 million to test weather sensors on autonomous freight truck routes.

The governor of Maryland in pointed remarks challenged federal lawmakers to see for themselves the devastation wrought by the collapse of the Francis Scott Key Bridge.

During a U.S. House subcommittee hearing with acting Labor Secretary Julie Su on April 17, a Republican lawmaker on the panel raised concerns about a federal employee classification rule.

The global diesel market is deteriorating, a concerning economic signal and food for thought for bullish oil traders.

On Nov. 18, the Federal Motor Carrier Safety Administration will start notifying state licensing agencies when a driver licensed in a state is newly prohibited in the Drug & Alcohol Clearinghouse.

U.S. trailer orders for March declined on both an annual and monthly basis, ACT Research reported.

A state judge of the Philadelphia Court of Common Pleas in March erased a “clearly inappropriate” $25 million jury verdict for punitive damages in a 2019 truck-involved accident lawsuit.