Toyota is boosting its investment in air taxi manufacturer Joby Aviation by $500 million to support plans for commercial production, bringing its total investment to $894 million.
Category: News
Stellantis’ US Sales Plunge in Sign of Deepening Strains
Stellantis NV’s U.S. sales plunged 20% last quarter as the beleaguered automaker struggled to tame bloated inventories amid high interest rates and softening consumer demand.
FMCSA Targets Falsified ELD Records in New Approach
A fatal December 2022 crash in Virginia put a fresh spotlight on fraud, when a truck driver falsified ELD records to exceed the 11-hour driving limit.
Businesses Weigh Fallout From Dockworkers Strike
As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.
DB Schenker Sale Faces Decisive Vote
Deutsche Bahn AG’s planned 4.3 billion-euro ($15.8 billion) sale of its logistics arm is facing a decisive vote Oct. 2.
Oil Flows Slump for Fourth Straight Month
The seaborne flow of oil fell for a fourth straight month in September on the back of hefty declines from Libya, where a political row spilled over into supply disruptions.
Tesla Posts First 2024 Quarterly Increase in Deliveries
Low-interest financing, sweet lease deals, price cuts and free charging boosted Tesla’s global deliveries in the third quarter, the first increase this year for the electric vehicle maker.
Helene Leaves Flooded Farms, Fouled Rivers, Dozens Dead
As historic floodwaters unleashed by Hurricane Helene recede across the Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope.
Chip Firms Monitor Quartz Supplies After Hurricane Hits Mines
Global semiconductor makers are monitoring supplies of high-purity quartz, a material critical to the industry, after Hurricane Helene halted production at two North Carolina mines.
US Imposes Duties on Solar Imports from Southeast Asia
The determination marks an early victory for domestic panel makers who say cheap imports harm their operations and threaten investments meant to cultivate a U.S. solar supply chain.