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CLEVELAND, Ohio — The former CEO of Lordstown Motors Corp. has bought the company’s assets for $10 million, according to documents filed with the U.S. Securities and Exchange Commission.

Cummins Emission Solutions completed the acquisition of two Faurecia commercial vehicle manufacturing plants in Indiana and the Netherlands for $208.56 million, Cummins Inc. said.

General Motors, Ford and Stellantis face a combined $10.5 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules, according to an estimate from their trade group.

The national average diesel price nudged up seven-tenths of a cent to reach $4.593 a gallon, according to Energy Information Administration data released Oct. 2.

Bettaway Supply Chain Services entered the electric vehicle space with the introduction of two all-electric yard tractors Sept. 26 to support its logistics operations in New Jersey.

COOLIDGE, Ariz. — Nikola celebrated the commercial launch of its hydrogen fuel cell electric vehicles with 900 of its customers, suppliers and supporters at its manufacturing facility Sept. 28.

The Biden administration released plans Sept. 29 to hold three auctions of offshore drilling rights over the next five years — part of what it cast as an effort to phase down oil leasing in favor of clean energy.

Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest U.S. storage hub reverberate through markets from Asia to the Middle East to Europe.

BERLIN — Daimler Truck demonstrated the potential for a fuel cell-powered truck by completing an approximately 650-mile run with its Mercedes-Benz GenH2 cabover model in its native Germany.

Mack Trucks and Kriete Truck Centers discussed the encouraging signs they’re hearing from customers about the upcoming rollout of Mack's first medium-duty electric truck.