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Tesla’s Market Value Surges Despite EV Demand Concerns

The vehicle maker's shares have nearly doubled in value since the last time it reported earnings. But its car-selling business has become a sideshow to Elon Musk’s political prominence.

January 29, 2025

New USDOT Secretary Duffy Orders Fuel Economy Rule Rewrite

Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent U.S. fuel economy rules, following through on one of President Donald Trump’s first directives.

January 29, 2025

Task Force Critical of Truck Lease-Purchase Deals

A truck leasing task force that studied the prevalence of predatory practices in truck lease-purchase agreements determined that truck drivers often fall prey to unscrupulous actors.

January 28, 2025

US Steel Investor Pentwater Opposes Ancora’s Proxy Proposal

Pentwater, the third-largest investor in U.S. Steel, said it opposes moves by activist investor Ancora Holdings Group to shake up the board of the American steelmaker.

January 28, 2025

Senate Confirms Sean Duffy for DOT Secretary

WASHINGTON — Former congressman Sean Duffy was confirmed by a vote of 77-22.

January 28, 2025

Ancora-Backed CEO Candidate Proposes US Steel Overhaul

“I want to have a stake in something that I’m going to be involved in,” Alan Kestenbaum said Jan. 27 in an interview. “If I get the chance to run the show, I’ll invest in myself.”

January 27, 2025

Kia Recalls 80,000 Vehicles Over Air Bag Issue

Kia America Inc. has announced a recall of more than 80,000 Kia vehicles due to improper floor wiring that may impact the vehicle’s air bag deployment.

January 27, 2025

Trump Freeze Pauses Automatic Braking Rule

The Trump administration will review a rule adopted under President Joe Biden that would require carmakers to install automatic emergency braking systems on new vehicles.

January 24, 2025

FMCSA to Study Disabled, Parked Truck Roadside Warnings

The FMCSA research aims to determine if modern warning devices for parked or disabled commercial motor vehicles can reduce crashes. It will collect data from 256 truck drivers.

January 24, 2025