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Continental AG, Europe’s second-biggest supplier of car parts, warned the global bottleneck in chip supply and raw material cost inflation will drag on the auto industry through the rest of the year.

WASHINGTON — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging.

Driverless truck technology company Plus revealed Aug. 5 that it has completed a demonstration on a highway in China.

WASHINGTON — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000, more evidence that the economy and the job market are rebounding briskly from the coronavirus recession.

The Biden administration plans to announce new limits on greenhouse gas auto emissions and new electric-vehicle sales targets at an event with Detroit automakers at the White House on Aug. 5, according to several people familiar with the matter.

Meritor Inc. reported increases in net income and revenue for its fiscal third quarter amid gains in the North American truck market.

Omnitracs has entered into a partnership with PrePass Safety Alliance to provide PrePass, the weigh station bypass application, on its Omnitracs One platform.

A new initiative from the American Transportation Research Institute is exploring development of an assessment tool to identify the safest drivers among 18- to 20-year-olds, a key group that the trucking industry is targeting for expanded eligibility of commercial driver licenses for interstate travel.

The quandary facing America’s second-largest private employer is this: how to keep its facilities COVID-free without sparking a mutiny among workers who are desperately needed to keep operations running amid a tight labor market and strong online demand.

A quick start to the Atlantic hurricane season saw five storms form so far this year, well ahead of the normal pace of a normal year, before settling into a lull that’s lasted several weeks.