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Geely Seeks 2 Billion-Euro Loan to Refinance Volvo Truck Deal

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.

November 8, 2024

Newsom Calls Lawmakers to Secure Climate Goals Against Trump

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.

November 7, 2024

Daimler Truck Q3 Profit Plunges 35% Even as DTNA Sales Gain

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.

November 7, 2024

Trump-Musk Alliance May Boost Tesla, Reshape Big Tech

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

November 6, 2024

Eaton Q3 Profit Climbs 13.2% Behind Data Center Growth

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.

November 6, 2024

GM Recalls Chevy Bolts from 2020–2022 Over Battery Fire Risk

This smaller recall from GM comes three years after a larger callback of the all-electric Chevrolet Bolt for a similar hazard.

November 5, 2024

US Taps California for CHIPS for America R&D Facility

Sunnyvale, Calif., will host both a research and development semiconductor facility and serve as joint headquarters for Natcast and the National Semiconductor Technology Center.

November 4, 2024

Nikola Q3 Losses Halve as Hunt for More Funding Ramps Up

Losses at truck maker Nikola more than halved year on year in the third quarter as a result of record sales, cost cutting and the absence of expenses incurred in the year-ago period.

November 4, 2024

Allison Q3 Profit Surges 26.6% on Vocational Truck Demand

Allison Transmission’s profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.

November 4, 2024