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Companywide cost-cutting initiatives are having an effect, the company said of its third-quarter earnings report released after the market closed Oct. 15.

U.S. Class 8 retail sales fell below the prior year for the third month in a row in September, according to Wards Intelligence data.

GM agreed in 2022 to buy nickel supplies from Brazilian miner Vale as part of a strategy to build up its battery supply chain for EVs, but the pause has meant cancellation of the project. 

First Brands has admitted it can’t find $2.3 billion related to off-balance sheet financing deals. Lawyers for the U.S. Trustee  asked a judge to move up a hearing on the request to Oct. 29.

The Project44 2025 Annual State of Consumer Holiday Shopping Report found that 40% of consumers have capped their holiday budgets at $500 amid economic uncertainty.

The theme for this year's event, to be held Oct. 25-28 in San Diego, reflects the industry's resolve: “A United Front: Driving Policy in a New Era.” 

Tesla is also under scrutiny in the U.S., with NHTSA having launched a defect investigation into certain Model Y door handles. 

Nations are at an International Maritime Organization meeting in London to decide on landmark regulations to make vessels start paying for their greenhouse gas emissions.

RealTruck Group told lenders it uses fundamentally different financing tools from those tapped by First Brands Group, another parts maker that collapsed into bankruptcy last month.

Transportation Secretary Sean Duffy said California is the only state that is failing to enforce English-language requirements for truckers.