News
Volkswagen CEO Looks to Avoid Plant Closures as Automaker Moves to Cut Costs
2+ hour, 23+ min ago (170+ words) Sunday, 12 July 2026 08:15 AM EDT The Wolfsburg, Germany-based company faces pressure to cut costs at home and increasingly intense competition in the lucrative Chinese market, in particular. Last week, Volkswagen said its “fundamental realignment” over the past three years had reached…...
Musk Eyes Moon City Built by Tesla Robots
1+ day, 23+ hour ago (414+ words) By Charlie McCarthy | Friday, 10 July 2026 11:35 AM EDT Elon Musk plans to use Tesla robots to build infrastructure for human inhabitance on both the moon and Mars, according to a SpaceX founding team member. Jim Cantrell, a member of SpaceX's founding…...
Navarro to Newsmax: Toyota Move Signals US Auto Boom
3+ day, 16+ hour ago (517+ words) By Newsmax Wires | Wednesday, 08 July 2026 06:23 PM EDT Senior Counselor for Trade and Manufacturing Peter Navarro said Wednesday that Toyota’s planned $3.6 billion investment in the United States, including moving Tacoma truck production from Mexico to San Antonio, Texas, reflects the Trump…...
Electric School Buses Tapped to Shore Up Fragile US Power Grids During Summer Heat
1+ week, 2+ day ago (701+ words) Lisa Baertlein Friday, 03 July 2026 07:44 AM EDT Schools are out for the summer, but the batteries in more than 200 electric school buses are helping some people in the U.S. find relief when temperatures soar. From California to North Carolina, yellow electric school…...
Board Offers $3B Settlement to Restructure Puerto Rico Power Company Debt
1+ week, 4+ day ago (284+ words) Tuesday, 30 June 2026 03:00 PM EDT The board is proposing paying cash and offering the issuance of new bonds to bondholders that have not settled and are seeking some $8.5 billion in claims. The proposed settlement represents $1.4 billion more than previously offered. Puerto…...
Volkswagen Plans 100,000 Job Cut as China Cars Rise
2+ week, 1+ day ago (386+ words) Friday, 26 June 2026 10:41 AM EDT Volkswagen CEO Oliver Blume is aiming to cut up to 100,000 jobs and end production at four German plants in what would be the biggest overhaul in the company's 89-year history, Manager Magazin reported on Friday. The…...
China's Carmakers Rush to Canada as 'Practice Run' for US Sales
2+ week, 3+ day ago (1241+ words) Nick Carey and Divya Rajagopal Thursday, 25 June 2026 07:20 AM EDT Just two weeks after Canadian Prime Minister Mark Carney announced in January he would allow limited electric-vehicle imports from China, that country's biggest auto exporter, Chery, held its first meetings in…...
Trump Resists G7 Push for United Front Against China's Trade Practices
3+ week, 5+ day ago (544+ words) By Theodore Bunker | Monday, 15 June 2026 01:56 PM EDT Efforts by the world's leading democracies to forge a coordinated response to China's growing economic influence are running into a significant obstacle at this week's Group of Seven summit: President Donald Trump's preference…...
China Strongly Dissatisfied With Pentagon Move on Firms
4+ week, 1+ day ago (113+ words) Newsmax China Strongly Dissatisfied With Pentagon Move on Firms Friday, 12 June 2026 10:09 PM EDT China is strongly dissatisfied with a U.S. move to add several large Chinese companies to the Pentagon's list of firms it says are aiding China's military, the…...
SpaceX IPO Soars 23%, Musk Becomes First Trillionaire
4+ week, 1+ day ago (616+ words) Friday, 12 June 2026 01:16 PM EDT Shares of SpaceX soared 23% in their Wall Street debut on Friday, making the rocket maker's CEO Elon Musk the first-ever trillionaire. The shares opened at $150 and kept rising, reaching $166.90 around 12:20 p.m. ET. That price gave the company…...