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Auto Supplier Webasto Hires Restructuring Boss in Overhaul

German auto parts supplier Webasto is kicking off negotiations for an overhaul under the aegis of a chief restructuring officer in response to the “ongoing crisis†in the automotive industry.

January 14, 2025

United Rentals to Buy H&E Equipment Services for $3.4B

United Rentals Inc. agreed to buy H&E Equipment Services Inc. for $3.4 billion in cash, gaining a fleet of equipment to serve construction and industrial markets.

January 14, 2025

Steelmaker Proposes ‘All-American Solution’ for US Steel

HARRISBURG, Pa. — The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge.

January 14, 2025

Biden Signs Executive Order to Grow AI Infrastructure

LOS ANGELES — President Joe Biden signed an executive order on artificial intelligence that seeks to ensure the infrastructure needed for advanced AI operations can be built quickly and at scale.

January 14, 2025

Biden Aide: Trump Likely to Maintain New AI Chip Controls

President-elect Donald Trump is likely to maintain new U.S. limits on global sales of AI chips by Nvidia Corp. and others, a top Biden administration official said.

January 13, 2025

Diesel Price Rises 4.1¢ to $3.602

The national average diesel price climbed 4.1 cents to $3.602, according to U.S. Energy Information Administration data released Jan. 13.

January 13, 2025

Toyota Wants Salaried Staff Back in Office Four Days a Week

Toyota Motor Corp.’s salaried workers in North America are being ordered back to the office Monday through Thursday starting in September.

January 13, 2025

Volvo Charts Course Toward Sustainable Trucking at CES

LAS VEGAS — Volvo Group CEO Martin Lundstedt outlined the global truck manufacturer’s vision for a cleaner, safer and more productive transportation industry at CES 2025.

January 13, 2025

Mexico Plans Nearshoring Incentives to Curb China Imports

Mexico President Claudia Sheinbaum announced a plan to reduce the country’s imports from China in a bid to support local industry and align herself with the U.S. as a trade partner.

January 13, 2025