Category: News

WASHINGTON — U.S. consumer confidence has fallen for a third consecutive month as optimism about job prospects and business conditions down the road grow weaker.

COLUMBUS, Ohio — Gov. Mike DeWine on Oct. 29 signed an executive order renewing DriveOhio, the state initiative promoting self-driving cars and other forms of “smart” mobility.

ATLANTA — Broad, innovative change is at hand for the commercial vehicle industry, and this moment has executives’ full attention, a pair of CEOs of large suppliers said.

Amazon.com’s shipping costs skyrocketed 46% year-over-year in the third quarter to a record $9.6 billion, an increase of more than $500 million over what the online retail giant spent during the same period in 2018.

Convoy risks drawing comparisons to Uber in less flattering ways: drivers grousing about getting squeezed and a business model that has yet to turn a profit.

RIYADH, Saudi Arabia — The long-planned initial public offering of a sliver of Saudi Arabia’s state-run oil giant Saudi Aramco will see shares traded on Riyadh’s stock exchange in December, a Saudi-owned satellite news channel reported Oct. 29 as the kingdom’s marquee investment forum got underway.

GM reported Oct. 29 that its third-quarter net profit fell 7% as a strike by the United Auto Workers union brought its U.S. factories to a standstill.

True driverless cars have arrived from Waymo, the self-driving unit of Alphabet Inc., but the company’s chief executive officer says robot ride hailing may not be the first form of automotive autonomy to take off commercially.

WASHINGTON — General Motors, Fiat Chrysler, Toyota and many others in the auto industry are siding with the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel-economy standards.

It shouldn’t come as a shock that electric trucks dominated the conversation on Day 1 of the North American Commercial Vehicle Show in Atlanta.