23 Jul Tesla to Build Factory in Austin, Texas, for Semi Production Tesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough. Read more...
23 Jul Tesla’s ‘Home-Run Quarter’ Leaves Even the Bears Praising Elon Musk Tesla Inc. shares extended their meteoric gains in U.S. pre-market trading as even the most pessimistic analysts struggled to find faults in the electric-car maker’s quarterly earnings report. Read more...
23 Jul Mnuchin Says Payroll Tax Holiday Not in Next Stimulus Bill A payroll tax holiday sought by President Donald Trump won’t be in the next stimulus package, but may be in follow-up virus relief legislation, Treasury Secretary Steven Mnuchin said. Read more...
23 Jul 1.4 Million Seek Jobless Aid, First Increase Since March The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy. Read more...
22 Jul Kansas City Southern’s Q2 Profit, Revenue Decline The COVID-19 pandemic hit Kansas City Southern’s second-quarter profits as net income slipped to $110.3 million or $1.16 per share, compared with $129.1 million or $1.29 per share in second-quarter 2019, the Class I railroad reported July 17. Read more...
22 Jul FCA, Waymo Extend Autonomous Partnership Fiat Chrysler Automobiles and Google affiliate Waymo said July 22 they are extending their partnership in the development and testing of autonomous vehicles for commercial delivery and for future FCA products. Read more...
22 Jul Fiat Chrysler, Iveco Offices Searched in Emissions Probe FRANKFURT, Germany — Investigators searched offices of automaker Fiat Chrysler and truck maker Iveco in Germany, Switzerland and Italy on July 22 as part of an investigation into suspected illegal manipulation of diesel emissions. Read more...
22 Jul Pennsylvania Turnpike Commission Approves Another Toll Hike In keeping with a decadeslong pattern, the Pennsylvania Turnpike Commission has approved a toll rate increase for 2021. Read more...
22 Jul Knight-Swift Reports Slight Profit Increase in Q2 Knight-Swift Transportation Holdings posted a second-quarter profit increase of 1.2%, but revenue declined. Read more...
22 Jul Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust. Read more...