Amazon launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times for rock-bottom prices.
Category: News
Tesla Recalls Cybertrucks a Sixth Time in Year Since Launch
Tesla recalled the Cybertruck a sixth time since the electric pickup launched a year ago, this time over an issue that could lead drivers to lose propulsion and have to pull over.
Hyzon Q3 Loss Narrows; Hunt for Funding, Tie-Ups Accelerates
Losses at Hyzon narrowed in the third quarter of 2024, but the hydrogen fuel cell electric truck maker’s cash reserves continue to erode rapidly.
Canadian Grant to Electrify Cargo Docks at Port of Quebec
The grant is from Canada’s Green Shipping Corridor Program, which funds low- and zero-emission shipping ventures along with port and terminal equipment and infrastructure.
Northvolt Sells US Battery Plant to California Startup
Northvolt AB, the cash-strapped European battery maker, reached a deal to sell its U.S. factory to a startup that’s trying to reduce America’s reliance on China for batteries.
Fuel Groups Warn of Price Hikes Without Tax Credit Certainty
More than 30 trade groups across the energy, farming and transport sectors say a lack of U.S. government guidance on tax credits is putting Americans at risk of higher fuel prices.
Hedge Fund Seeks Reversal of Yellow Pension Claims
A judge may rule as soon as Nov. 15 on the fate of $6.5 billion in pension claims from bankrupt Yellow Corp. retirees.
US Port Talks Set to Resume as Trump Role Poses a Wild Card
Dockworkers are set to meet with their employers in New Jersey, resuming negotiations on the key issue of automation that sparked a three-day strike at East and Gulf Coast ports last month.
Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million
Volkswagen and Rivian named leaders for their multibillion-dollar joint venture and showcased a prototype electric vehicle, signaling their commitment even as global EV demand softens.
Diesel Price Dips 1.5¢ to $3.521
Diesel prices across the U.S. averaged $3.521 per gallon for the week ending Nov. 11, a 1.5-cent decline from the previous week, according to the U.S. Energy Information Administration.