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Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month.

Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year.

Yellow Corp. reported an increase in net revenue and a narrower net loss for the second quarter.

Commercial vehicle supplier CVG reported higher second-quarter net income and record quarterly revenue as it continued to diversify its customer base and emphasize secular growth.

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.