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Trucking and logistics companies react to President Donald Trump's sweeping round of tariffs on dozens of trading partners announced Aug. 1.
The Pittsburgh-based automated driving developer during the quarter launched commercial driverless operations, added a terminal in Phoenix and began initial nighttime operations.
Trump last week announced a 25% rate on Indian exports. He also threatened more duties if India continued to buy oil from Russia.
The move could lower oil and gasoline prices amid low oil inventories, and follows an OPEC+ decision in July to boost production by 548,000 barrels per day in August.
Profit at Daimler Truck tumbled in the second quarter of 2025 as North American sales slumped, with little prospect of a near-term improvement if Q2 orders are anything to go by.
The new facility is expected to open in 2027 and will provide 1,000 full- and part-time jobs when fully operational. Since 2010, the company has brought 4,000 jobs to Arkansas.
EU Awaits Trump Actions on Car Tariffs, Exemptions This Week
Under the terms agreed with Washington, the 27-nation bloc faces a 15% U.S. tariff on most of its exports. That rate would also apply to cars rather than the current 25% level.
BMW Strikes Back at Tesla With Longer-Range EVs
The iX3 SUV will be the first of 40 new or updated models. “We’re 109 years old, and it’s by far the biggest single investment into one architecture we’ve ever done,” CEO Oliver Zipse said.
Joby Buys Helicopter Ride-Share Business for $125 Million
The electric aviation pioneer seeks to expand its battery-powered air taxis into a ready-made market for its aircraft.
What the EPA Ruling on Emissions Means for Automakers
The EPA's plan this week to relax rules aimed at cleaning up auto tailpipe emissions is the latest Trump administration move to undo incentives for automakers to go electric.
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When Trump signed the order late July 31 imposing new tariffs, the start date of the punishing import taxes was pushed back seven days so the tariff schedule could be updated.
A judge in December reaffirmed an earlier ruling that Tesla must revoke Musk’s multibillion-dollar pay package.
Farmers will soon start feeling the impact from President Donald Trump’s tariffs in the form of higher prices for the machines used to plant, treat and harvest fields.
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