(Krisztian Bocsi/Bloomberg) Siemens AG plans to reduce its global head count by about 6,000 workers, with the majority of cuts planned in its factory automation business that’s suffering from weak demand. The digital industries unit will slash about 5,600 jobs by the end of fiscal 2027, 2,600 of them in Germany, while the electric vehicle ...more
Traton said Applied Intuition would provide a scalable, extensible and modular vehicle operating system to develop vehicle software faster and AI-powered tooling for the development and validation of full vehicle software. (Traton Group via LinkedIn) International Motors parent company Traton Group will build vehicle software platforms with Mountain View, Calif.-headquartered software group Applied Intuition, the ...more
Cranes load a cargo ship at the Panama Canal's Balboa Port in Panama City. (Matias Delacroix/AP/File) HONG KONG — Hong Kong’s leader has waded into a controversy over a prominent conglomerate’s decision to sell its Panama Canal port assets to a consortium including American investment bank BlackRock Inc., a deal that has angered Beijing and ...more
Great Dane The freight market experienced a 3% sequential tonnage increase in February as well as its second straight year-over-year gain, furthering optimism it is emerging from its recession, American Trucking Associations reported March 18. The ATA For-Hire Truck Tonnage Index increased to 115.2 from 111.9 in January. The index also was up 0.6% from ...more
Tractor-trailers and other vehicles on the Oklahoma Turnpike. Markwayne Mullin, a U.S. senator from the state, says, "California’s waivers are not about clean energy, they are about control." (Oklahoma Turnpike Authority) Legislation that would restrict the federal government from permitting states to limit sales of vehicles with internal combustion engines was recently introduced in the ...more
A cargo ship is plugged in to an electric grid rather than burning diesel at the Yusen Terminal in the Port of Los Angeles. (Etienne Laurent/AP) LOS ANGELES — On a gray March afternoon at the Port of Los Angeles, the largest in the U.S., powerful electric top-handlers whir, beep and grind as they motor ...more
A containership berthed in Tokyo. (Koji Sasahara/Associated Press) President Donald Trump’s tariff campaign is likely to worsen inflation and raise the bar for Japanese companies to invest in the U.S., defying the president’s aim to lure investment and revive American manufacturing, according to the chair of the Japan External Trade Organization. Higher tariffs will raise ...more
Workers talk as construction continues on Stark Street Bridge in Troutdale, Ore. (Jenny Kane/AP) PORTLAND, Ore. — The pothole outside Timothy Taylor’s home was so deep, he could hear the clunk of cars hitting it from inside his house. The Portland resident could sympathize with those drivers: He knew to avoid his own neighborhood pothole, ...more
(Krisztian Bocsi/Bloomberg News) The world’s largest battery manufacturer, Contemporary Amperex Technology Co. Ltd., has agreed to invest up to 2.5 billion yuan ($346 million) in building out a battery-swapping network across China in collaboration with electric vehicle maker Nio Inc. The partnership agreement, signed in the southeastern city of Ningde, where CATL is based, will ...more
The company has made a big bet on autonomous driving, robotics and artificial intelligence as the primary business of selling EVs struggles. (David Paul Morris/Bloomberg News) Tesla Inc. was granted approval in California to begin carrying passengers as Elon Musk’s company takes steps toward offering ride-hailing services. The California Public Utilities Commission said in an ...more
