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Transportation Chief Moves to Reverse Fuel Economy Standards

Transportation Secretary Sean Duffy said in a rule June 6 that Biden-era fuel economy standards for gas-powered cars and trucks are illegal and moved to reverse them.

June 9, 2025

Tesla’s EV Deliveries Dropping as Demand Erodes Sharply

Wall Street is reining in expectations for Tesla deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced U.S. federal incentives for EVs.

June 6, 2025

EV Truck Maker Bollinger Motors Restructures With New CEO

Electric truck maker Bollinger Motors will live on after it emerged from receivership with a new CEO and ownership structure.

June 6, 2025

Truck Orders See Surprise Sequential Rise, Still Trail 2024

North American Class 8 truck orders continued to trend below the previous year but did see a surprise sequential improvement during May, according to ACT Research.

June 5, 2025

Ram Brings Back Hemi V8 Engine in Bid to Reclaim Lost Sales

Ram is putting the Hemi V8 engine back in its light-duty pickup trucks, part of a blitz of changes from brand head Tim Kuniskis to claw back lost share in the hyper-competitive truck market.

June 5, 2025

Mercedes, BMW, Others Step Up Response to China Export Curbs

Automakers in the U.S. and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production.

June 4, 2025

Trump Signs Order Hiking Steel, Aluminum Tariffs to 50%

President Donald Trump signed a directive June 3 formally raising steel and aluminum tariffs to 50% from 25% starting June 4.

June 3, 2025

Buyers Line Up for Nikola’s Remaining Inventory

Site visits are set to start for potential buyers of Nikola’s remaining assets in the coming days, said Vince Lorenz, Nations Capital director of fleet and valuations.

June 3, 2025

Toyota Group to Privatize Toyota Industries for $33 Billion

The Toyota group’s proposal to privatize Toyota Industries is drawing criticism from investors and analysts, who argue the $33 billion deal significantly undervalues the company.

June 3, 2025

US-China Trade Tensions Flare Again as Talks Stall

The Chinese Ministry of Commerce issued a statement June 2 rebuking the U.S. president’s claim that Beijing breached the consensus reached in Geneva in May.

June 2, 2025