DETROIT — A Stellantis joint venture with Samsung has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Ind.
Category: News
Trucking CFOs, Leaders Eye 2025 Recovery With Tight Budgets
Carriers are grappling with a tough freight market, relying on cost-cutting measures, operational efficiency and strategic revenue opportunities to stay ahead.
US Cyber Weekend Sales Rose 9%
Cyber Weekend e-commerce sales grew 9% in the U.S. this year, up from 6% in 2023, according to data from Salesforce.
Canada Tells Trump Its Border Differs From Mexico’s
TORONTO — Canada’s ambassador to the U.S. said Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump to understand that lumping Canada in with Mexico is unfair.
Great Lakes Region Prepares for More Snow
ORCHARD PARK, N.Y. — Parts of the Great Lakes region saw new snow Dec. 2 and faced the prospect of even more this week after U.S. travelers battled harsh weather to get home after Thanksgiving.
Stellantis CEO Carlos Tavares Steps Down
NEW YORK — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker amid an ongoing struggle with slumping sales.
Senate Approves TSA Clearance Bill for Truckers
The Senate recently passed the bipartisan Transportation Security Screening Modernization Act, a bill meant to facilitate commercial drivers’ applications for security credentials.
Mexico Warns Against ‘Inflationary’ US Tariff Plan
Donald Trump’s threat of 25% tariffs on Mexico and Canada would cost the U.S. economy as many as 400,000 jobs and increase prices for American consumers, according to the Mexican government.
European Markets Slide on Trump’s Trade War Warning
Trump’s threat to hit Canada, China and Mexico with tariffs because of the flow of illegal drugs and migrants into the U.S. sent European stocks lower.
Trump’s Trade Pick Pushes Strategic Decoupling From China
Jamieson Greer, who’s been nominated as the U.S. Trade Representative, played a key role in imposing tariffs on China during Trump’s first term.