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Ex-TuSimple CEO Hou Seeks to Liquidate Company’s Assets

TuSimple co-founder and former CEO Xiaodi Hou, who claims to be the company’s largest shareholder, is also seeking judicial aid in an increasingly bitter spat with former colleague Mo Chen.

December 2, 2024

Northvolt Names Markus Dangelmaier as CEO of Main Factory

Northvolt AB has named Markus Dangelmaier CEO of Northvolt Ett AB, its only factory that’s producing battery cells.

December 2, 2024

Cyber Monday Shoppers Expected to Set a Record

Adobe Analytics expects consumers to spend a record $13.2 billion on Dec. 2, 6.1% more than last year. That would make it the season’s — and the year’s — biggest shopping day for e-commerce.

December 2, 2024

Rising Fuel Taxes to Hit Three States; California Warned

While no specific tax increase is taking effect in California, at least two state lawmakers are raising alarm about a set of regulatory and business circumstances that could send pricing soaring.

December 2, 2024

US Commits to $7.54B Loan for Stellantis EV Battery Plants

Stellantis and joint venture partner Samsung have won a commitment from the U.S. government for a loan worth up to $7.54 billion to help build two electric vehicle battery plants in Kokomo, Ind. 

December 2, 2024

Trucking CFOs, Leaders Eye 2025 Recovery With Tight Budgets

Carriers are grappling with a tough freight market, relying on cost-cutting measures, operational efficiency and strategic revenue opportunities to stay ahead.

December 2, 2024

US Cyber Weekend Sales Rose 9%

Cyber Weekend e-commerce sales grew 9% in the U.S. this year, up from 6% in 2023, according to data from Salesforce.

December 2, 2024

Canada Tells Trump Its Border Differs From Mexico’s

TORONTO — Canada’s ambassador to the U.S. said Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump to understand that lumping Canada in with Mexico is unfair.

December 2, 2024

Great Lakes Region Prepares for More Snow

ORCHARD PARK, N.Y. — Parts of the Great Lakes region saw new snow Dec. 2 and faced the prospect of even more this week after U.S. travelers battled harsh weather to get home after Thanksgiving.

December 2, 2024