News
International to Lay Off 300 Staff Due to Weak Truck Demand - TT
1+ hour, 56+ min ago (515+ words) International Motors will lay off 300 employees as truck orders and purchases remained underwhelming as the first quarter of 2026 began, the Traton Group unit confirmed to Transport Topics. Lisle, Ill.-based International will trim 300 corporate positions. No production plant staff will depart,…...
Uber Names New CFO for Robotaxi Future - TT
2+ hour, 20+ min ago (546+ words) Uber Technologies Inc. gave a weak profit outlook and promoted an outspoken driverless-vehicle bull to be its new chief financial officer, signaling further investment in a closely watched area of the ride-hailing company's business. The shares fell 6% in premarket trading…...
EU Moves to Partner With US on Critical Minerals - TT
18+ hour, 42+ min ago (723+ words) The European Union will pitch the U.S. on a critical minerals partnership to curb China's influence, looking to shape the Trump administration's push to strike global agreements this week. The EU is prepared to sign a memorandum of understanding with the…...
Toyota Industries Posts Profit Growth as Tariff Impact Hits - TT
1+ day, 2+ hour ago (253+ words) Toyota Industries Corp., the group company at the center of a contentious buyout, said profit grew even as the impact of U.S. tariffs on Japanese carmakers started to flow through to their suppliers." Third-quarter operating income was 48.5 billion yen" ($312 million), the…...
China to Ban Hidden Door Handles on Cars Starting in 2027 - TT
1+ day, 2+ hour ago (347+ words) HONG KONG" " China will ban hidden door handles on cars, commonly used on Tesla's electric vehicles and many other EV models, starting next year. All car doors must include a mechanical release function for handles, except for the tailgate, according…...
Newsom's New EV Rebate Framework Would Boost Musk's Tesla - TT
1+ day, 19+ hour ago (394+ words) California Gov. Gavin Newsom outlined plans for a $200 million electric vehicle subsidy in the Golden State that would represent a major boost to Elon Musk's Tesla Inc. and other EV makers in the state." Under the new program, passenger vehicles…...
Administration to Create Strategic Reserve for Rare Earths - TT
2+ day, 1+ hour ago (289+ words) WASHINGTON " The Trump administration plans to deploy nearly $12 billion to create a strategic reserve of rare earth elements, a stockpile that could counter China's ability to use its dominance of these hard to process metals as leverage in trade talks....
Waymo Seeks to Raise $16B, Making Valuation $110B - TT
2+ day, 2+ hour ago (378+ words) Waymo, Alphabet Inc.s autonomous driving unit, is aiming to raise about $16 billion in a financing round that would value the unit at nearly $110 billion, according to people familiar with the matter. The parent company would provide about $13 billion to…...
Pilot, Tesla to Build Charging Sites for Semi at Truck Stops - TT
5+ day, 32+ min ago (567+ words) Pilot Travel Centers is teaming up with Tesla to build a series of charging stations catering to the Elon Musk-led manufacturer's Class 8 battery-electric Semi tractor, mostly in Western states. Charging stations will be built at about 20 Pilot truck stops along…...
Auto Supplier Bosch Sees Tough Markets Persisting Until 2027 - TT
5+ day, 1+ hour ago (382+ words) Robert Bosch GmbH doesn't expect to see significant improvement in its key markets until next year, adding to cost pressures that already triggered a wave of job cuts. Unveiling its 2025 annual results Jan. 30, privately-held Bosch said the world's biggest automotive…...