Category: News

A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.

The EPA has taken a first step aimed at rescinding the Biden administration’s waivers granted for California’s Advanced Clean Trucks and Omnibus low nitrogen oxides rules.

Ford Motor Co. is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker confronts declining profit and high costs.

Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.

Toyota has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors backed out of the project.

Brazil’s government on Feb. 18 approved joining OPEC+, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit.

The freight market didn’t change much starting the new year with tonnage remaining sequentially the same for January, American Trucking Associations reported.

Continental AG is cutting around 3,000 research and development jobs at its automotive unit as the German parts maker prepares to spin off the struggling business.

Shares of Mitsubishi surged as much as 8.6% after a report that Honda would be willing to restart talks on a potential tie-up with ailing peer Nissan if its CEO Makoto Uchida steps down.

Amazon workers at a warehouse in North Carolina overwhelmingly rejected union representation.