03 Sep Tesla Reportedly Delays Cybertruck by a Year to Late 2022 Tesla Inc.’s Cybertruck pickup has fallen about a year behind schedule, blog Electrek reported, citing remarks CEO Elon Musk made on a companywide call with employees. Read more...
03 Sep Nikola, Bosch Partner on Fuel Cell Manufacturing Nikola Corp. announced an agreement to build fuel cell power modules using technology licensed from Bosch Group. Read more...
03 Sep Class 8 Orders in August Hit Five-Month High North American Class 8 orders in August reached a five-month high, ACT Research reported. Read more...
03 Sep Exxon Taps Strategic Oil Reserve After Ida Shuts Gulf Output ExxonMobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left much of the devastated state’s refining and oil production offline. Read more...
03 Sep Port Fourchon Sustains Less Hurricane Damage Than Feared BATON ROUGE, La. — A critical port that serves as the primary support hub for the Gulf of Mexico’s deepwater offshore oil and gas industry sustained less damage from Hurricane Ida’s direct hit than initially feared and should be back to working operations “in the near future,” a port leader said Sept. 2. Read more...
03 Sep Daimler Rejects Environmental Groups’ Climate Demand BERLIN — German automaker Daimler on Sept. 3 dismissed a “cease and desist” demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030. Read more...
03 Sep Hiring Slows to 235,000 Jobs After Two Strong Months WASHINGTON — America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out. Read more...
02 Sep Manchin Urges Pause on $3.5 Trillion Bill Sen. Joe Manchin is demanding a “strategic pause” in action on President Joe Biden’s economic agenda, potentially imperiling the $3.5 trillion tax and spending package that Democratic leaders plan to push through Congress this fall. Read more...
02 Sep Walmart Boosts Average Hourly Wage to $16.40 Walmart Inc. said it will raise wages for a swath of its U.S. workforce, bringing its average hourly wage to $16.40 as the big-box retailer competes for employees amid a labor shortage. Read more...