General News
EU Seeks Talks With Trump Before Retaliatory Tariffs
The EU wants to engage with the U.S., Ireland's Deputy Prime Minister Simon Harris said. “We should do that rather than having further announcements and then trying to respond.”
How BYD’s Five-Minute EV Charging Stacks Up Against Rivals
BYD can now add "charging as fast as refueling" to its marketing slogans, potentially helping it capture more market share from legacy automakers and direct rivals like Tesla.
Siemens to Cut 6,000 Jobs, Some in EV Charging Business
Siemens plans to reduce its global head count by about 6,000 workers, including some in the EV charging business that is suffering from price competition and limited growth possibilities.
Traton, Applied Intuition Team Up on Software-Defined Trucks
International Motors parent company Traton Group will build vehicle software platforms with Mountain View, Calif.-headquartered software group Applied Intuition, the companies said.
Hong Kong Raises Concerns About Deal for Panama Canal Ports
HONG KONG — Hong Kong’s leader has waded into a controversy over a prominent conglomerate’s decision to sell its Panama Canal port assets to a consortium including American investment bank BlackRock, a deal that has angered Beijing.
Truck Tonnage Rises 3% in February, Signaling Recovery
The freight market experienced a 3% sequential tonnage increase in February as well as its second straight year-over-year gain, furthering optimism it is emerging from its recession,
Congressional Republicans Introduce EPA Waiver Bills
Legislation that would restrict the federal government from permitting states to limit sales of vehicles with internal combustion engines was recently introduced in the U.S. Senate.
Port Neighbors Fear Pullback on Shift to EVs
People who live near ports fear that $3 billion earmarked from President Joe Biden's infrastructure law to boost electrification in order to reduce pollution will be canceled.
Trump Tariffs to Raise Bar to Invest in US, JETRO Says
President Donald Trump’s tariff campaign is likely to worsen inflation and raise the bar for Japanese companies to invest in the U.S., says the chair of the Japan External Trade Organization.
With Fuel Tax Revenue Down, States Look to Fund Roads
EVs can help reduce emissions in the transportation sector, the nation’s largest source of greenhouse gas emissions, but they also mean less gas tax revenue in government coffers.
CATL, Nio Sign $346M Deal to Expand Battery-Swapping Grid
The world’s largest battery manufacturer, CATL, has agreed to invest up to $346 million in building out a battery-swapping network across China in collaboration with EV maker Nio.
Luminar Stock Jumps as Viral Video Backs Its Tech Over Tesla
In the video, which has drawn more than 11 million views since it was published to YouTube on March 15, Rober runs six tests assessing Luminar's lidar technology against Tesla’s system.
Yellow Creditors Push Plan to End Bankruptcy Case
Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case.
Diesel Price Down 3.3¢ in Third Straight Decline
The national average price for a gallon of diesel slipped 3.3 cents to $3.549 in a third straight decline, according to U.S. Energy Information Administration data released March 17.
China Partially Renews US Meat Export Permits
China’s government has renewed export registrations for some U.S. meat plants whose eligibility was set to lapse, raising hopes that shipments won’t be disrupted.
Volkswagen’s Audi Will Cut 7,500 Jobs in Germany by 2029
The reductions, which correspond to 14% of the brand’s German workforce, won’t affect factory workers. “Audi must become faster, more agile and more efficient,” said CEO Gernot Döllner.
Trump’s Trade Team Debates Strategy for New Tariff Rollout
President Donald Trump’s top trade negotiator is attempting to inject order into new tariffs expected next month, after previous announcements roiled markets and fueled uncertainty.
Crossword Puzzle Solution for March 17, 2025
Here's the solution to the crossword puzzle found in the March 17, 2025 print edition.
Chevron Buys $2.3B Hess Stake, Stays Confident on Merger
Chevron bought nearly 5% of Hess as a show of confidence that it will win the arbitration battle with Exxon Mobil that has delayed the Hess takeover for more than a year.
PepsiCo Buys Prebiotic Soda Brand Poppi
PepsiCo said March 17 it’s acquiring the prebiotic soda brand Poppi for $1.95 billion.