06 Sep Dana Amends Credit Agreement Dana Inc. announced an amendment to its existing senior secured credit facility that increases the aggregate amount available to $1 billion from $750 million and extends the maturity by two years to 2024. Read more...
06 Sep Washington Supreme Court Rules Current Piece-Rate Pay Practices Are OK The Supreme Court of Washington filed a decision upholding minimum-wage compensation practices employers use to pay commercial truck drivers. Read more...
06 Sep Robots Displacing Jobs Means 120 Million Workers Need Retraining More than 120 million workers globally will need retraining in the next three years due to artificial intelligence’s impact on jobs, according to an IBM survey. Read more...
06 Sep Daimler Faces Off With Green Groups In Berlin Daimler AG’s head of sales, facing off with environmentalists at a heated meeting in Berlin, said the company is investing billions of euros to transform its product range to reach emissions targets. Read more...
06 Sep VTNA Expands Use of 3D Printing at Truck Plant Volvo Trucks North America announced it is using 3D printing technology to produce tools and fixtures used in the manufacturing process at its New River Valley plant in Dublin, Va., where all of its trucks for the North American market are built. Read more...
06 Sep Trade Deal Before Presidential Election May Suit Beijing President Donald Trump tweeted this week that any trade deal China might secure from America would get “much tougher” upon his re-election. The insinuation being of course that Beijing should really work something out before November 2020. Read more...
06 Sep Indonesian Road Test Finds Palm Oil Biofuel ‘Safe’ for Cars Indonesia said it conducted the world’s longest road test using diesel blended with 30% palm oil, and the results showed that the biofuel is safe for cars. Read more...
06 Sep Job Growth Misses Estimates in August With 130,000 Increase Companies’ hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook. Read more...
06 Sep Dorian Makes Landfall on Outer Banks Before Heading Out to Sea Hurricane Dorian made landfall on the Outer Banks of North Carolina Sept. 6, battering the shore with driving rain and wind as it continues its march north and begins moving away from the U.S. coast. Read more...
05 Sep EPA Wants to Revoke California Auto Regulation Powers The Trump administration is preparing a plan to strip California’s authority to set tougher auto efficiency regulations than the federal government, even while agencies continue finalizing a rollback of national standards, according to people familiar with the matter. Read more...