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Mobileye to Use Innoviz Lidar for Self-Driving Systems

Mobileye will use laser sensors made by Innoviz Technologies for the autonomous driving system it supplies to vehicle manufacturers, a potential revenue boost for the upstart.

December 11, 2024

Biden Signals Plan to Block US Steel-Nippon Deal

The president plans to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.

December 10, 2024

GM to Wind Down Robotaxi Operations Championed by CEO Barra

General Motors Co.’s Cruise self-driving car unit will exit the robotaxi business, a retreat from a market that proved costly and full of reputational pitfalls for the automaker.

December 10, 2024

Kroger’s $24.6 Billion Albertsons Deal Blocked by Judge

A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.

December 10, 2024

Luxembourg-Based Faymonville Picks Arkansas for US Factory

The company specializes in oversized-load and special transport equipment, including semi-lowloaders, flatbed trailers, lowbed trailers and drawbar trailers.

December 10, 2024

Mondelez’s Takeover of Hershey Would Rank as Top 2024 Deal

Snack-food giant Mondelez International’s potential takeover of chocolate maker Hershey Co. would rank as the year’s top M&A deal.

December 10, 2024

US Sees Small Global Oil Deficit in 2025

The U.S. reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.

December 10, 2024

Arizona City Gifts Land for New Cross-Border Trucking Port

The existing port — which is 5 miles away and expanded 27 years ago from the original one built in 1933 — can no longer handle today’s traffic and commercial vehicle inspection demands.

December 10, 2024

Volvo’s VNR Electric Reaches 10 Million Customer Miles

Almost 600 of the Volvo Group AB unit’s battery-electric straight trucks and tractors are now operational in the U.S. and Canada, collectively driving more than 200,000 miles every week.

December 10, 2024