28 Feb Oil Plummets in Worst Week Since 2008 Amid Coronavirus Panic Oil plunged to the lowest level in 14 months as panic from the fast-spreading coronavirus spiraled global markets deeper into losses for the seventh straight day. Read more...
28 Feb Appeals Court Upholds Trump’s 25% Steel Import Tariffs President Donald Trump acted within his authority when he imposed a 25% tariff on certain steel imports effective March 2018, a U.S. appeals court ruled Feb. 28. Read more...
28 Feb Deutsche Post Scraps Its Electric Delivery Van Built With Ford Deutsche Post AG will stop producing its electric delivery vehicle called StreetScooter, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen AG and Daimler AG. Read more...
28 Feb Geneva Auto Show Canceled as Switzerland Bans Large Events GENEVA — The Geneva auto show was canceled after the Swiss government put an immediate ban Feb. 28 on all public and private events involving more than 1,000 people in order to halt the spread of the new coronavirus. Read more...
28 Feb Consumer Spending Slowed in January While Incomes Jumped WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose. Read more...
27 Feb Einride to Hire Autonomous Truck Operators in Sweden, US Swedish technology company Einride on Feb. 27 announced plans to hire two autonomous truck operators over the next year. Read more...
27 Feb Trump’s Highway Bill Under Review, Secretary Chao Tells US House WASHINGTON — At a hearing with House lawmakers, Transportation Secretary Elaine Chao said President Donald Trump’s legislative vision for the country’s highway system — which the White House intends to share with Congress — is being finalized. Read more...
27 Feb Walmart Developing a Membership Program to Rival Amazon Prime Walmart, the world’s largest retailer, is developing a paid membership program to challenge internet giant Amazon Prime's offering. It will be called Walmart+. Read more...
27 Feb E-Smart Adds Features to Active Speed-Management System ATLANTA — E-Smart is expanding the fleet-management capabilities available for its intelligent speed-management system as the business moves forward as a stand-alone company. Read more...
27 Feb California OKs Passengers for GM’s Cruise Autonomous Vehicle Test Cruise, the autonomous-vehicle unit of General Motors Co., has been cleared to carry passengers in California. Read more...