Business

Commercial tiremakers are feeling a different type of March Madness dealing with their supply chains.

General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise for $2.1 billion, ending the Japanese investment firm’s stake in the business and giving the Detroit automaker 80% ownership.

Instacart Inc. is adding a fuel surcharge on grocery delivery orders, becoming the latest gig economy company to impose new fees on customers to ease drivers’ gas bills amid record-high prices.

Morgan Truck Body announced a new electrified refrigerated concept truck body.

Energy Secretary Jennifer Granholm and Sen. Joe Manchin on March 18 announced a program to develop lithium batteries in the U.S. as part of a broader strategy to help Appalachia amid a transition from coal.

Calstart announced it appointed David Chow chief operating officer and vice president, a new position within the nonprofit focused on the adoption of clean vehicles.

BERLIN — The International Energy Agency says the world could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on car and plane travel, helping easing the supply crunch caused by Russia’s invasion of Ukraine.

Robert Bosch GmbH is curtailing its operations in Russia amid signs that its parts may have been used for “non-civilian” purposes in violation of its policies, the company said.

Autonomous truck developer Embark Technology Inc. issued its first annual and quarterly financial report as a public company, detailing steep losses but significant technology gains and key business partnerships.

The Port of Mobile saw double-digit jumps in container traffic in February, the Alabama Port Authority has reported.