Steel giant ArcelorMittal is investing $1.2 billion to build an Alabama mill slated to produce advanced steel by 2027 for hybrid and electric vehicle motors to feed into the U.S. supply chain.
February 14, 2025Search
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Chevron Plans to Cut Up to 20% of Workers in Efficiency Push
Chevron Corp. plans to cut its global workforce by 15% to 20% by next year, as part of efforts to reduce costs at the U.S. oil major.
February 12, 2025Canada Gives Halifax Port C$25 Million for Green Initiatives
Canada has granted C$25 million to the Halifax Port Authority for sustainable environmental infrastructure and establish a hydrogen production facility.
February 12, 2025Ohio’s EV Charger Expansion Stalls After Federal Freeze
It’s now unclear whether Ohio will build any more of the federally funded charging stations, as President Donald Trump’s team has directed all states to halt new spending of the money.
February 11, 2025GM and Ford Lobby to Save EV Tax Incentives
Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses.
February 11, 2025Elliott Builds More Than $2.5 Billion Stake in Phillips 66
Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.
February 11, 2025Diesel Price Gains a Half-Cent to $3.665 a Gallon
The national average price for a gallon of diesel posted its second straight increase of less than a penny, according to U.S. Energy Information Administration data released Feb. 10.
February 10, 2025Northvolt’s Bankruptcy Deals $531M Blow to Swedish Investors
Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB.
February 10, 2025A Timeline of US-China Retaliatory Tariffs
TAIPEI, Taiwan — China’s tit-for-tat duties on U.S. imports took effect Feb. 10, hours after President Donald Trump announced that he wants to slap new duties on all steel and aluminum imports.
February 10, 2025Trump Halts Program to Expand EV Charger Network
The Trump administration is suspending federal funding for electric car chargers, following through on one of the president’s first directives to roll back subsidies for plug-in vehicles.
February 7, 2025