Business

Hyundai Motor Group plans to build 23 electric vehicles on its new EV-dedicated platform, and is aiming to sell 1 million of the cars worldwide by 2025, the South Korean automaker said Dec. 2.

Carmakers that signed up for President Donald Trump’s battle with California over auto emissions are now being pressured to join a peace plan brought on by the election of Joe Biden.

Less-than-truckload carrier Central Freight Lines Inc. announced it named Jerry Moyes CEO, effective immediately.

Supply chains have changed dramatically to adapt to the coronavirus, but many of those changes may outlast the pandemic.

CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.

President-elect Joe Biden says he won’t immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump’s initial trade deal.

Daimler Trucks North America and utility company Portland General Electric announced the co-development of a public charging site for medium- and heavy-duty electric commercial vehicles that is expected to be the first of its kind in the United States.

USDOT announced Dec. 1 that it has taken regulatory measures to facilitate the safe and rapid transport of the much-anticipated COVID-19 vaccine.

U.S. manufacturing expanded at a slower pace in November, easing back from the strongest reading in two years as orders, employment and production cooled.

A bipartisan group of lawmakers in the House and Senate unveiled a $908 billion stimulus proposal Dec. 1 in an effort to break a monthslong impasse that is threatening to tip the economy back into contraction.