Business

Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.

DETROIT — Fiat Chrysler CEO Mike Manley will run operations in the Americas when his company merges with France’s PSA Peugeot early next year.

The Coca-Cola Co. said Dec. 17 it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands.

The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.

U.S. trailer orders in November climbed to 39,500, ACT Research reported, as demand for dry vans powered ahead, along with refrigerated trailers and strengthening flatbed activity.

Moderna Inc.’s COVID-19 vaccine won backing from a panel of experts who advise U.S. regulators, setting the stage for its shot to be the second vaccine cleared in the U.S. in as many weeks.

The Commercial Vehicle Safety Alliance’s three-day International Roadcheck event resulted in an overall vehicle out-of-service rate of 20.9% in North America. That marks an increase from 17.9% recorded last year.

Navistar International Corp. reported a net loss and lower revenue in its fiscal 2020 fourth quarter, citing tax-related items, the pandemic and charges on pre-existing warranties.

Tesla Inc. watchers know all about blown deadlines for product releases by the electric vehicle manufacturer, but even fans of the brand who are too young to drive won’t be getting a promised Cybertruck stocking stuffer this year.

President-elect Joe Biden is nominating Michael Regan to lead the EPA, putting a North Carolina environmental regulator in line to chart national policy on combating climate change and pollution, according to people familiar with the matter.