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The last congressional hearing that featured the top executives of Ford, GM and Stellantis (formerly Chrysler) was in late 2008, when financial and automotive crises were hitting the economy.

“We are encouraged by several proposed adjustments that should help lower costs and ease implementation,” ATA Vice President of Energy and Environmental Affairs Patrick Kelly said.

The September incident, which saw federal agents detain 475 workers at a Hyundai-LG Energy facility, hasn’t dented Hyundai’s commitment to investing in the U.S.

Electric trucks now outsell LNG models in China, so its demand for fossil fuels could fall, and "in other countries, it might never take off,” according to an analyst.

Hedge fund MFN and its affiliate objected to confirmation of the plan because they believe the unsecured creditors will have too much influence on where the funds are dispersed.

Caterpillar was always an unlikely winner in the AI craze. It makes the bulk of its money selling the equipment like yellow earth movers that has made it a stalwart of American industry.

The last unit, a white five-door hatchback, rolled off the line at the Saarlouis plant in Germany this month, marking the end of a car that sold more than 12 million units worldwide, Ford said.

Factories in West Virginia, Kentucky, Mississippi, Tennessee and Missouri will see 252 new jobs as a result of the initiative, the world’s biggest carmaker said in a statement. 

Agency's letter to the state Department of Motor Vehicles outlined a series of actions California must take to rectify what FMCSA has determined are problematic processes and systems.

Trade finance platform Raistone is looking to sell itself after the collapse of its biggest client, auto parts supplier First Brands Group.