A waning electric vehicle market is dragging down shares of companies making chips for automobiles, with their limited exposure to AI excluding them from a broader rally.
Category: News
Geely to Sell $1.32 Billion of Volvo Truck Shares
Shares of truck maker Volvo AB dropped as much as 5.9% in Stockholm on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about $1.3 billion.
Tesla Recalls 3,900 Cybertrucks to Repair Faulty Pedals
Tesla Inc. recalled 3,878 Cybertruck pickups to rework or replace accelerator pedals that can dislodge and cause the vehicle to unintentionally accelerate, increasing risk of a crash.
Weather Sensors Will Aid Autonomous Trucks in Fort Worth
The federal government awarded Fort Worth, Texas, $2 million to test weather sensors on autonomous freight truck routes.
Maryland Leaders Push for Federal Aid
The governor of Maryland in pointed remarks challenged federal lawmakers to see for themselves the devastation wrought by the collapse of the Francis Scott Key Bridge.
Capitol Hill Republicans Press Acting Labor Secretary Su
During a U.S. House subcommittee hearing with acting Labor Secretary Julie Su on April 17, a Republican lawmaker on the panel raised concerns about a federal employee classification rule.
A Weakening Diesel Market Is Becoming a Problem for Oil
The global diesel market is deteriorating, a concerning economic signal and food for thought for bullish oil traders.
March Trailer Orders Continue Year-Over-Year Declines
U.S. trailer orders for March declined on both an annual and monthly basis, ACT Research reported.
Philadelphia Judge Rejects $25M Jury Verdict in Truck Crash
US Has a Fast EV-Charging Station for Every 15 Gas Stations
Automakers may be pumping the brakes on EV production in the U.S., but charging challenges — traditionally a major hurdle to adoption — are vanishing at a rapid clip.