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Caterpillar Inc. posted a third-quarter profit that missed analysts’ expectations as the machinery producer grappled with weakening demand in construction around the world.

Volvo Car is taking over a joint venture with Northvolt to build a factory on Sweden’s west coast, underscoring the major challenges of scaling battery production in the EV market.

WASHINGTON — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

The Alpharetta, Ga.-based company is working with advisers as it seeks to gauge interest from potential buyers, according to sources who asked not to be named.

Since May, the independent subsidiary of Daimler Truck has been conducting fully driverless truck tests on a multi-lane test track in Texas, the company revealed Oct. 29.

Most of the money will go to track and bridge upgrades. Some will be used to bolster training and explore cleaner-burning alternatives to the diesel the rail industry has long relied on.

A business pact to form a container service between Indiana and Ireland was signed recently by officials from the Ports of Indiana and Port of Cork.

The U.S. General Services Administration awarded a $275 million contract to create a large commercial border crossing in Arizona to facilitate bilateral trade with copper mines in Mexico.

Following the deal, Holt Truck Centers will have 35 locations, which the parent company said would make it the third-largest International Motors dealership in the U.S.