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European carmakers are contending with excess capacity as Chinese manufacturers take a larger share of the market, with the EV segment in particular suffering from weak demand.

Led by Rep. Adam Smith, the visit to Beijing comes as tensions have risen between the two countries over trade, technology and opposing views on global conflicts.

Cooler demand limited the ability of companies to raise prices and offset tariffs. The S&P Global flash September composite output index fell 1 point to 53.6. 

Others are still skeptical of Union Pacific’s proposed $85 billion acquisition of Norfolk Southern.

Volvo said 90% of the new model has been redesigned from the prior generation. It focused on improving fuel economy through enhanced aerodynamics, powertrain features and idling systems.

Britain’s biggest automaker sent workers home from its factories in central and northwest England on Aug. 31. The shutdown has rippled through the U.K. auto industry.

The plan would be the largest deployment of self-driving trucks in North America, according to Gatik, a sign that autonomous freight transport is starting to gain traction.

Amazon.com exercised “overwhelming control” over subcontracted drivers it claimed weren’t its employees, U.S. labor board attorneys told a judge Sept. 22.

Soybean oil futures fell to the lowest in more than three months as Argentina moved to temporarily scrap export tariffs on the country’s crop cargoes, adding pressure to U.S. soy prices.

A federal trial beginning in Amazon’s hometown this week is set to examine whether the online retailing giant tricked customers into signing up for its Prime service.