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Data analytics and driver management systems developer Idelic has completed a $20 million fundraising round to help continue development of its transportation safety products, the company announced.

U.S. Class 8 retail sales in March jumped 33.7% to 22,031 as all truck makers posted gains compared with a year earlier, WardsAuto.com reported.

Uber is offering sign-up bonuses and other incentives for drivers as it faces record demand for rides and meal delivery.

The ongoing shortage of semiconductors along with scant availability of other parts and supplies are causing delays for trucking fleets, a recent survey found.

Huawei Technologies Co. will invest $1 billion on researching self-driving and electric-car technologies, accelerating plans to compete with Tesla Inc. and Xiaomi Corp. in the world’s biggest vehicle arena.

WASHINGTON — Two big South Korean electric vehicle battery makers have settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries in Georgia. President Joe Biden called it “a win for American workers and the American auto industry.”

Volvo Group has signed a collaboration agreement with steel company SSAB to cover research and development of what Volvo called the world’s first vehicles to be made of fossil-free steel.

DETROIT — The global shortage of semiconductors has forced General Motors and Ford to further cut production at their North American factories as chip supplies seem to be growing tighter.