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DETROIT — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.

U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

Kuehne + Nagel, a Switzerland-based global transportation and logistics company, acquired a majority stake in marine drayage provider IMC Logistics, it announced Nov. 14.

Truck maker Nikola recently reduced staffing levels as it seeks to control costs.

The ongoing legal battle between rival trucking technology vendors Samsara and Motive has entered a new phase as the former has filed additional litigation.

The Port of Long Beach moved nearly 1 million containers in October, beating a record set just two months ago.

Zero-emission vehicle sales in California over the past two years have been better than anticipated, but the transition to EVs has left some dealers challenged to obtain new diesel trucks.

It will cost $9 for motorists driving into parts of Manhattan starting in January under a revised tolling plan that New York Gov. Kathy Hochul is seeking before Donald Trump takes office.