04 Dec Democrats See USMCA Deal Near, Urge Mexico to Accept Compromise House Democrats said Dec. 4 that a deal on the stalled U.S.-Mexico-Canada free-trade agreement is within reach and urged Mexico to accept a compromise on labor-rights enforcement. Read more...
04 Dec California Cuts Electric Car Rebates, Drops Luxury Models California’s rebate program to coax more drivers to buy electric vehicles just got less generous, especially for those looking to spend on a luxury model. Read more...
04 Dec New Jersey Gov. Phil Murphy Announces More Than $161 Million in Municipal Aid Grants New Jersey Gov. Phil Murphy recently announced more than $161 million in municipal aid grants for hundreds of cities and towns. Read more...
04 Dec Fiat Chrysler Agrees to Costly Pay Bumps for Lower-Wage Workers Fiat Chrysler Automobiles NV agreed to pay $29,500 in wage increases and bonuses to the typical United Auto Workers member over the next four years, according to a summary of a pact reached with the union last week. Read more...
04 Dec Hankook Tire Looks to AI to Improve Production Hankook Tire, whose commercial products are on U.S. fleets, announced the predictive model it is developing using artificial intelligence could slash in half the time it takes to develop tire compounds. Read more...
04 Dec Larry Kudlow Hatches New Plan to Boost Biofuel Mandates White House economic adviser Larry Kudlow is developing a new plan to bolster biofuel-blending requirements after ethanol allies in politically important farm states complained the current proposal doesn’t do enough to compensate for waivers exempting some small refineries from the mandates. Read more...
04 Dec Cyber Monday Spending Climbs 20% to Record $9.4 Billion U.S. shoppers spent $9.4 billion online on Cyber Monday — up almost 20% from a year ago and a record — boosting an already robust holiday shopping season. Read more...
04 Dec CARB Suspends Imminent GHG Rule for Trailers The California Air Resources Board announced Dec. 3 it was suspending enforcement for at least two years of its greenhouse gas (GHG) trailer standards, which had been set to go into effect Jan. 1. Read more...
04 Dec 1.4 Million Air Bags to be Recalled Takata Corp., the auto parts supplier that went bankrupt after its air bags spurred the largest-ever recall, told U.S. safety regulators that another 1.4 million U.S. vehicles need to be repaired over a potentially deadly defect. Read more...
04 Dec Port of Savannah on Track for Record Year The Georgia Ports Authority is on track to set yet another record with more than 4.6 million 20-foot equivalent container units. Read more...