Nikola Corp. s working with a law firm and financial advisers to prepare a potential Chapter 11 filing, which would protect it from creditors amid a cash crunch.
Author: Bloomberg News
Logistics Agents Put 30% Levy on Shein, Temu Retailers
Chinese retailers that sell on Shein and Temu have been asked by logistics agents to start paying an additional 30% levy after President Donald Trump hiked tariffs on goods imported to the U.S.
OPEC+ Sticks to Supply Plan as Trump Seeks Oil Price Cut
OPEC+ didn’t make any changes to its existing oil production plans at a review meeting Feb. 3, even as President Donald Trump called on the group to lower crude prices.
Renault Seeks Takeover Premium From Honda for Nissan Stake
Renault SA wants a premium for its stake in Nissan Motor Co. if Honda Motor Co. takes over control of the rival Japanese automaker, according to people familiar with the matter.
Oil Traders Expect OPEC+ to Stick With Supply Plan Next Week
Oil traders expect OPEC+ to stick with its current supply policy at a review meeting next week, resisting pressure from President Donald Trump to open the taps and bring down crude prices.
Nissan Plans Cuts Without Resorting to Plant Closures
Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.
New Jersey’s Murphy Asks Trump to Review Congestion Pricing
New Jersey Gov. Phil Murphy called on President Donald Trump to help fight New York City’s congestion pricing program and revisit the studies used by federal agencies to approve the toll.
Nissan to End Production of Compact Van
Nissan Motor Co. will stop making its AD compact van in November to pare back excess production as Honda Motor Co. prepares to fold the flailing carmaker into its business.
Burning Teslas in L.A. Add to Toxic Mix Hindering Cleanup
As the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles.
Trump Team Readies Oil Sanctions Plan for Russia Deal
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months.