Business

With new competition nipping at its wheels, Ford Motor Co. has overhauled its rugged F-150 Raptor model, a pricey and profitable pickup the company calls its “trophy truck.”

Rhode Island Gov. Gina Raimondo’s nomination to become the country’s next secretary of commerce advanced to the floor of the U.S. Senate after a committee voted favorably on her qualifications.

Daimler AG plans to split up into the world’s largest makers of luxury cars and commercial vehicles, renaming itself Mercedes-Benz and separately listing its truck unit by year-end.

DETROIT — Merchants Fleet, a fleet management company, plans to purchase commercial EV vans from General Motors Co.’s newly formed company BrightDrop.

Amazon .com Inc. began testing the first lot of its Rivian Automotive Inc. electric delivery vans in Los Angeles as it works to fulfill a pledge to meet the goals of the Paris climate accord 10 years early.

Power management company Eaton Corp. reported higher fourth-quarter net income and a decline in revenue.

REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with 10X Capital Venture Acquisition Corp., a blank-check company, according to people with knowledge of the matter.

Amazon.com founder Jeff Bezos will step down as the online giant’s CEO but will stay on as executive chairman, the company announced Feb. 2.

A tweak of the hours-of-service (HOS) rule that went into effect on Sept. 29 has put a new 7/3 split in the mix as an alternative to meet 10-hour off-duty requirements in the sleeper berth. It also may be a bit confusing.

Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally.