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Kroger, Albertsons Bracing for January FTC Decision on Deal

Kroger Co. and Albertsons Cos. are bracing for a Federal Trade Commission lawsuit over their $24.6 billion tie-up as soon as January as opposition builds against the supermarket megadeal.

December 14, 2023

BMW Expects EV Sales to Keep Growing but at a Slower Pace

BMW AG remains bullish on battery-powered electric vehicles in the U.S., even though it’s expecting the sector’s market share gains to slow.

December 14, 2023

Cruise Lays Off 900, Multiple Executives as Fallout Worsens

Cruise LLC, the autonomous vehicle unit owned by General Motors Co., is cutting 24% of its workforce, extending a sweeping overhaul of the business after dismissing nine top executives.

December 14, 2023

November Medium-Duty Sales Rise 6.1% Year-Over-Year

U.S. retail sales for medium-duty trucks rose 6.1% year-over-year in November, bouncing back after the first decrease in seven months in October, according to Wards Intelligence data.

December 13, 2023

Fed Keeps Rate Unchanged, Signals Cuts Coming Next Year

The Federal Reserve kept its key interest rate the same Dec. 13 for a third straight time, and officials signaled they expect to make three quarter-point cuts to the benchmark rate next year.

December 13, 2023

Michael French Named Grand Champion in Technician Event

SAN ANTONIO — Rush Enterprises technician Michael French was named grand champion by his company during a vehicle maintenance competition Dec. 12.

December 13, 2023

TMC Transportation Plans $38M South Carolina Campus

Iowa-based flatbed carrier TMC Transportation is consolidating its southeastern U.S. presence via a $38 million investment in its South Carolina operations.

December 13, 2023

Maine Considering California-Esque EV Sales Incentives

Maine environmental regulators will decide next week whether the state should join others in adopting California-style regulations to limit the sale of new gas-powered vehicles.

December 13, 2023

US Readies Guidance on Sustainable Jet Fuel Tax Policy

The Biden administration as early as Dec. 15 will release policy guidance that will help determine the economic viability of producing lower-emitting jet fuel from corn and other crops.

December 13, 2023