Equipment

Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related to its acquisition of a stake in Volvo AB in 2018, according to people familiar with the matter.

Hydrogen fuel cell electric vehicles may be envisioned as the future workhorse of a decarbonized longhaul freight sector, but their development has proceeded at a measured pace.

Newsom’s office told the Associated Press that the governor and lawmakers are ready to “Trump-proof” California’s state laws, including those affecting the transportation sector.

The truck maker posted net income of $676.6 million, or diluted earnings per share of 83 cents, in Q3, down 35% from $1.033 billion, or $1.22, in the year-ago period.

Preliminary data showed orders declined 5.2% to 30,600 units, marking the fifth month in 2024 where orders fell on an annual basis.

TOKYO — Nissan reported Nov. 7 a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs.

Stellantis said it would lay off about 1,100 workers at its Jeep plant in Toledo, Ohio, the latest in a series of job cuts as the automaker contends with bloated inventory and declining sales.

Silicon Valley is bracing for a different relationship with the U.S. government as Donald Trump prepares to return to the White House.

Eaton Corp.’s profit climbed 13.2% in the third quarter as revenue growth from data center expansions around the globe provided the biggest boost.

Buoyant appetite for data center power generators underpinned a 23.3% year-on-year jump in Cummins Inc.’s profit in the third quarter, trumping weak demand for heavy-duty truck engines.