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Nikola Administrators Plan Final Asset Sale — the IP

Bankrupt Class 8 hydrogen fuel cell tractor manufacturer Nikola’s administrators are finalizing plans for the sale of the company's intellectual property.

June 17, 2025

Eaton Agrees to Buy Defense Group Ultra PCS for $1.6 Billion

Eaton agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent for $1.55 billion.

June 16, 2025

Ford CEO Says Rare Earth Supply Is ‘Day to Day’

Ford continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its factories.

June 13, 2025

Trump’s China Deal Offers Reset, Not Breakthrough

After fresh negotiations in London, tariff rates remain essentially unchanged. Rare earth shipments from China are set to return to pre-April 2 conditions.

June 12, 2025

Trump Removes California Emissions Waiver

President Donald Trump on June 12 hosted a signing ceremony at the White House with freight and trucking executives to formally roll back a Biden-era emissions policy.

June 12, 2025

Trump OKs Freight-Only Border Bridge Between US, Mexico

The permit allows a private investment group to construct, maintain and operate a commercial elevated guideway crossing at the U.S.-Mexico border in Laredo, Texas.

June 12, 2025

Export Controls Now on the Table in China Trade Talks

At the heart of the policy shift is China’s stranglehold over rare earths and its decision to restrict supply to American manufacturers reliant on the key inputs.

June 11, 2025

Autonomous Truck Firm Plus to Go Public Via Churchill SPAC

Teaming up with the SPAC controlled by former investment banker Michael Klein will put a valuation of $1.2 billion on Plus. The combined entity will be known as PlusAI.

June 11, 2025

Musk Moves Tesla’s Robotaxi Launch ‘Tentatively’ to June 22

Elon Musk says Tesla is “tentatively” set to begin providing robotaxi service in Austin, Texas, on June 22.

June 11, 2025