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Losses in China Lead to $5 Billion Charge for GM

DETROIT — The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in Q4.

December 4, 2024

Texas Supreme Court Hears Werner’s $100M Verdict Appeal

Werner attorney Thomas Wright told the court that driver Shiraz Ali could not have foreseen that a pickup truck would suddenly cross an icy divided highway and strike the carrier’s truck.

December 3, 2024

Snowstorm Heads for Great Lakes Region Again

Even more snow could be on the way for places in the Great Lakes region that are still digging out after days of storms caused deadly wrecks and buried some towns under nearly 6 feet of snow.

December 3, 2024

Small Business Owners Brace for Trump’s Proposed Tariffs

Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office.

December 3, 2024

GM Adds Over 132,000 Heavy-Duty Pickups to Recall

DETROIT — General Motors is adding over 132,000 heavy-duty pickups to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.

December 3, 2024

Trump Remains Opposed to US Steel Sale

President-elect Donald Trump reiterated his opposition to the sale of U.S. Steel Corp. to Nippon Steel Corp., saying he’d instead use tariffs and tax incentives to revive the steelmaker.

December 3, 2024

I-95 Bridge in Connecticut Reopens Months After Fiery Crash

NORWALK, Conn. — Exactly seven months after a blaze consumed the Fairfield Avenue overpass spanning Interstate 95, the bridge reopened to traffic in roughly half the expected time.

December 3, 2024

Germany Assumes $629M in Northvolt Debt After Insolvency

Germany will assume more than 600 million euros ($629 million) of debt that its development bank extended to Northvolt AB for the construction of a battery plant in the country.

December 2, 2024

Ex-TuSimple CEO Hou Seeks to Liquidate Company’s Assets

TuSimple co-founder and former CEO Xiaodi Hou, who claims to be the company’s largest shareholder, is also seeking judicial aid in an increasingly bitter spat with former colleague Mo Chen.

December 2, 2024

Cyber Monday Shoppers Expected to Set a Record

Adobe Analytics expects consumers to spend a record $13.2 billion on Dec. 2, 6.1% more than last year. That would make it the season’s — and the year’s — biggest shopping day for e-commerce.

December 2, 2024