Business

Noble Corp., the world’s biggest offshore oil rig contractor by market value, agreed to buy its smaller rival Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion.

INDIANAPOLIS — It’s not by chance that four award-winning truck drivers get home safely every night after spending a demanding day on the road. It’s by design, they said during a panel discussion.

NEW YORK — Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from other structures until an issue posing a fire hazard is fixed.

Drilling in the U.S. shale patch dropped to the lowest level in almost 2½ years as operators vow to make good on promises to investors for subdued production growth this year.

Walmart Inc. said it expects to generate profits in its U.S. e-commerce business within the next two years.

WASHINGTON — New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules.

Virginia is giving the boot next year to California’s electric vehicle mandates and will no longer be legally obligated to follow its emissions regulations.

FRANKFORT, Ky. — EVs have built up enough momentum from job growth and investments to steer past any roadblocks from Donald Trump and other critics, Kentucky Gov. Andy Beshear said.

The automotive industry has produced the first long-range EVs that are cheaper to buy than the average gas-powered car.

Jim Morrison, former U.S. head of the Jeep and Ram brands, has left Stellantis, adding to a string of executive departures as the automaker grapples with sluggish sales.