29 Sep Tesla’s Elon Musk Out as Chairman, Stays as CEO in SEC Settlement Elon Musk will give up the role of Tesla Inc. chairman and pay a $20 million penalty to settle fraud charges brought by the U.S. over his claims about taking the company private. Read more...
28 Sep Trump Signs Spending Plan, Avoids Government Shutdown WASHINGTON — President Donald Trump signed an $854 billion spending bill Sept. 28 to keep the federal government open through Dec. 7, averting a government shutdown in the weeks leading up to November’s pivotal midterm elections. Read more...
28 Sep US Stocks See Best Quarterly Gain in Five Years U.S. stocks ended virtually unchanged to cap the best quarterly advance in five years. Read more...
28 Sep Cooper Tire Changes Joint Venture Partner Cooper Tire & Rubber Co. announced that its partner in the China-based Qingdao Ge Rui Da Rubber Co. (GRT) truck and bus radial tire production joint venture will change. Read more...
28 Sep Old Dominion Accelerates Network Expansion Old Dominion Freight Line Inc. announced it has upgraded six service centers as it continues to expand its network of 233 locations. Read more...
28 Sep Senate Commerce Committee to Review Positive Train Controls Oct. 3 A U.S. Senate panel on Oct. 3 will review the progress of railroads’ implementation of automatic braking technology. Read more...
28 Sep Kenworth Touts New W990 at Las Vegas Media Event Kenworth Truck Co. introduced the W990, a new long-hood conventional Class 8 tractor. Read more...
28 Sep Kenworth Touts New W990 at Las Vegas Show Kenworth Truck Co. introduced the W990, a new long-hood conventional Class 8 tractor. Read more...
28 Sep Volvo to Sell Electric Trucks in North America in 2020 Volvo Trucks announced it would commercialize all-electric trucks in North America in 2020 after introducing them in California next year, a move made in conjunction with a partnership that includes Volvo Group, California’s South Coast Air Quality Management District and industry leaders in transportation and electrical charging infrastructure. Read more...
28 Sep Oil Industry Money Pours Into Fight Over Washington Carbon Fee A campaign bankrolled by the oil industry has raised $20.46 million to defeat a carbon-pollution fee on the ballot in Washington state aiming at tackling climate change. Read more...