Tesla Inc.’s relentless surge continued July 13 amid several upcoming events that include the possible unveiling of new battery technology from the electric vehicle maker, entry into a lucrative new market and the potential inclusion of the stock into the prestigious S&P 500 Index.
July 13, 2020BusinessEquipment
Daimler May Need to Cut More Jobs Than Announced
Daimler AG will need to cut more jobs than the 15,000 previously announced, the company’s head of human resources told German news agency DPA in an interview.
July 13, 2020GovernmentBusinessSafetyLogistics
Some Chinese Ports Are Jammed Again on Food Testing
Intensive testing of meat, seafood and other products for the coronavirus has tripled customs clearance times at some major Chinese ports, raising concerns the delays could ensnare global trade flows.
July 13, 2020BusinessEquipment
Volkswagen Management Tumult Spills Over to Truck Subsidiary
Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the COVID-19 pandemic.
July 10, 2020BusinessFuel
Crude Oil Pares Weekly Decline on Optimism Over Virus Treatment
Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market.
July 10, 2020BusinessEquipment
Greenbrier CEO Will Remain in Position Until September 2022
The Greenbrier Companies Chairman and CEO Bill Furman has agreed to continue in his position for up to two more years as a result of the coronavirus pandemic.
July 10, 2020GovernmentBusinessSafety
Kansas DOT Awards 24 Projects Through Cost Share Program
Officials in Kansas recently announced 24 projects have been selected as part of the state Department of Transportation’s Cost Share Program, a popular initiative designed to provide funding for transportation projects.
July 10, 2020GovernmentBusinessLogistics
Trump Says Phase 2 China Trade Deal Unlikely at This Point
President Donald Trump said a phase two trade deal with China isn’t under consideration, saying the relationship between Washington and Beijing has deteriorated too much.
July 10, 2020BusinessTechnology
Mack, VTNA Extend Respective Uptime Services Support at No Cost
Volvo Group’s commercial truck brands Mack Trucks and Volvo Trucks North America separately announced they extended their uptime services support bundle at no cost through the end of the year, or a minimum of three months, whichever is longer.
July 10, 2020BusinessTechnologyFuel
Chevron, Clean Energy Partner on Adopt-a-Port Initiative to Reduce Emissions
Chevron Corp. announced it is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with carbon-negative renewable natural gas to reduce emissions.
July 10, 2020