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TOKYO — Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Feb. 5, under a new partnership with the Shanghai government.

But the Charlotte, N.C.-based asset-light transportation provider posted a net loss of $20 million, or negative 12 cents a diluted share, for the three months ending Dec. 31.

Over a frantic 72 hours, President Donald Trump’s threat of punishing new tariffs on Canada, Mexico and China sent stocks and currencies tumbling and shock waves through world trade.

General Motors is cutting almost half of the workforce in its Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan.

The transportation sector is bracing for the possibility that a slew of new tariffs could soon hit some of its most critically important industries, according to experts.

The 122,949-square-foot, multi-temperature facility is expected to open by the end of this year following a Jan. 23 groundbreaking ceremony.

Weak global heavy-duty truck market demand plus a reorganization of the Accelera decarbonization technology unit hurt Cummins profit in the fourth quarter of 2024, the company said.

BEIJING — China countered President Donald Trump’s tariffs on Chinese products with tariffs on select U.S. imports Feb. 4, as well as announcing an antitrust investigation into Google.

Waabi will integrate its autonomous driving system, the Waabi Driver, with Volvo’s production-ready VNL Autonomous model. Commercial pilots will begin in Texas in the coming months.