15 Feb Dana Reports Record Results in 2018 Supplier Dana Inc. reported record full-year net income and revenue, and quarterly improvements in both areas. Read more...
15 Feb Amazon Leads $700 Million Investment in Electric Car Maker Rivian Amazon.com led a $700 million equity investment in Rivian Automotive, the electric pickup and SUV maker preparing to deliver its first vehicles next year. Read more...
15 Feb Congressional Transportation Leaders to Update AASHTO on Infrastructure Bill The big four surface transportation policymakers on Capitol Hill are scheduled to share with state-level transportation officials the latest developments on crafting much-anticipated infrastructure legislation. Read more...
15 Feb Wabco Reports Record Annual Revenue Commercial vehicle supplier Wabco Holdings Inc. reported lower net income and revenue for the fourth quarter, while full-year revenue set a record despite a slowdown in certain key markets. Read more...
15 Feb Manufacturing Takes Downward Turn in January U.S. factory production unexpectedly contracted in January, shrinking the most in eight months on weakness in the automotive sector and indicating a weak start to the year as headwinds including a trade war with China weighed on factories. Read more...
15 Feb TransPower Kenworth Expands in Valdosta, Ga. Georgia truck dealership TransPower Kenworth announced its Valdosta facility relocated to a 20,000-square-foot building on 5 acres, located near Interstate 75. Read more...
15 Feb VW Targets Carbon-Neutral Production for First Electric Car Volkswagen AG plans to save 1 million tons of carbon-dioxide emissions a year by making production of its first electric model carbon neutral, part of an effort to clean up its image in the aftermath of the diesel-cheating scandal. Read more...
15 Feb VW, Ford Discuss Alliance on Self-Driving Cars Ford Motor Co. and Volkswagen AG are progressing toward an agreement to join forces on self-driving cars and have overcome earlier obstacles, according to people familiar with the talks. Read more...
15 Feb George Soros Cuts Stake in Agriculture Giant ADM Billionaire George Soros has cut his holdings in agriculture giant Archer Daniels Midland Co. by more than half as the company contends with sluggish commodity markets amid the U.S.-China trade war. Read more...
15 Feb Pepsi Soothes Investors With Sales Growth, Plans for Payouts PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year. Read more...