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“I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS Act awards in a confirmation hearing Jan. 29.

Amerit Fleet Solutions said it secured a majority investment from New Mountain Capital, positioning the fleet maintenance provider for nationwide expansion.

The vehicle maker's shares have nearly doubled in value since the last time it reported earnings. But its car-selling business has become a sideshow to Elon Musk’s political prominence.

In a statement, officials repeated that inflation remains “somewhat elevated” but removed a reference to it having made progress toward their 2% goal.

Oil fell below $73 a barrel after President Donald Trump’s pick for commerce secretary suggested tariffs on Canada and Mexico are not a done deal.

The company, a subsidiary of ZO Motors, plans to manufacture zero-emission commercial vehicles at the new 210,000-square-foot plant, starting in the first half of 2025.

Honda said it is voluntarily recalling about 295,000 Honda and Acura vehicles to update the fuel injection electronic unit, a device that determines how much fuel enters the engine.

Renault SA wants a premium for its stake in Nissan Motor Co. if Honda Motor Co. takes over control of the rival Japanese automaker, according to people familiar with the matter.

President Claudia Sheinbaum brushed off a question as to whether Mexico is expecting U.S. President Donald Trump to announce 25% tariffs on Mexican goods Feb. 1.

Norfolk Southern’s solid fourth quarter — combined with the support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025.