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OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,” Oman’s oil minister said.

WASHINGTON — The World Bank is downgrading its outlook for the global economy, blaming continuing outbreaks of COVID-19, a reduction in government economic support and ongoing bottlenecks in global supply chains.

Executives from self-driving technology companies TuSimple and Aurora during separate online events hosted by Morgan Stanley outlined ambitious plans for 2022, building on their respective success in 2021.

U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict.

Albertsons Cos. is wrestling with higher labor and logistics costs as it seeks to cash in on surging sales.

Daimler Trucks North America offered an early peek into the engineering and design work behind its SuperTruck II concept vehicle, which the manufacturer plans to unveil later this year.

Power management company Eaton has acquired a U.S.-based firm that produces components for the electric vehicle sector.

More stringent COVID-19 vaccine requirements set to take effect at the borders may put new pressure on freight traffic between the United States and Canada, experts said.

General Motors said it will recognize California’s authority to set vehicle emission standards under the Clean Air Act.

Massachusetts DOT told federal regulators overseeing the potential purchase of Pan Am Railways by competitor CSX that the state needs CSX to guarantee track access for east-west passenger trains through Springfield.