Allison Q3 Results Improve on Broad Gains
Allison Transmission Holdings Inc. reported higher third-quarter net income and revenue as five of six of its end markets climbed.
October 28, 2022Tesla CEO Elon Musk Takes Control of Twitter
Tesla CEO Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s top lawyer, two people familiar with the deal said Oct. 27.
October 28, 2022Tesla Faces US Criminal Probe Around Self-Driving Claims
U.S. prosecutors are investigating whether Tesla Inc. made misleading claims about the capabilities of its Autopilot driver assistance system, according to a person familiar with the matter.
October 27, 2022EU to Ban New Combustion Engine Cars as of 2035
The European Union reached a deal to effectively ban new combustion engine cars from 2035, a move that will reshape transportation and mark a significant step on the path to reduce carbon emissions.
October 27, 2022Ford Cuts Investment in Autonomous Vehicle Unit Argo
Ford is pulling out of its investment in Argo AI, an autonomous vehicle company that it jointly owns, mainly with Volkswagen.
October 26, 2022Government Awards $1 Billion to Schools for Electric Buses
Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 “clean” school buses under a new federal program.
October 26, 2022Rush Enterprises Returns Strong Q3 Results
North American truck dealer Rush Enterprises Inc. reported a surge in third-quarter net income and revenue, amid ongoing pent-up demand for commercial vehicles and growth in aftermarket services.
October 26, 2022EU, US Set Up Task Force to Resolve Electric Vehicle Feud
The U.S. and the European Union have set up a task force to resolve a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade Organization rules.
October 26, 2022Texas Instruments’ Forecast Signals Chip Demand Slump Is Spreading
Texas Instruments Inc., whose chips go into everything from home appliances to missiles, gave a weak sales forecast for the current quarter, indicating that the falloff in semiconductor demand is spreading beyond computing and phones.
October 25, 2022Hyundai Breaks Ground on $5.5 Billion Electric Car Plant in Georgia
Hyundai Motor Group broke ground in Georgia on Oct. 25 for its first U.S. plant dedicated to making electric vehicles.
October 25, 2022