Category: News

USDOT’s Maritime Administration has awarded $4.85 million in grants to fund several marine highway projects including new cargo-handling equipment in Louisiana and Washington.

The company is shutting down its European operations simultaneously, and existing employees in Europe will have to reapply for new jobs.

Ideanomics  which owns technology used to charge electric buses and other commercial vehicles, has filed die bankruptcy.

Nippon Steel reiterated confidence that its $14.1 billion acquisition of U.S. Steel Corp. can be completed by year-end, even as the current and incoming presidents oppose the takeover.

Stellantis NV is working to rebuild trust with dealers, suppliers, unions and governments after a period of tension under former CEO Carlos Tavares.

President-elect Donald Trump tapped Peter Navarro as his senior counselor for trade and manufacturing, elevating him to a role similar to the one he played in the first Trump administration.

Liberty Energy CEO Chris Wright is President-elect Donald Trump’s nominee to head the Department of Energy. He favors fossil fuels and has doubts about electric vehicles.

With OPEC+ set to make a pivotal decision on production policy, oil prices remain resolutely rangebound, even with a second Donald Trump presidency imminent.

DETROIT — The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in Q4.

GXO announced Dec. 3 that CEO Malcolm Wilson plans to retire in 2025. He will continue to lead the company during the search for a successor.