Nissan to Sell $1 Billion Convertible Bonds for Recovery
(Dominic Lipinski/Bloomberg) Nissan Motor Co. plans to sell about $5 billion in debt to help fund CEO Ivan Espinosa’s turnaround of the ailing automaker, part of a broader financing initiative to keep operations on track. The Japanese carmaker will sell 150 billion yen ($1 billion) of convertible bonds for investment ...more
House Eyes New Vehicle Fees to Boost Highway Trust Fund
Graves and Larsen. (Mark Schiefelbein/Associated Press) WASHINGTON — Ahead of the consideration of comprehensive surface transportation legislation, a subcommittee in ...more
Sysco Slashes Outlook as Wary Americans Tighten Budgets
Tractor-trailers at a Sysco Corp. distribution center in Halfmoon, N.Y. (Angus Mordant/Bloomberg News) Sysco Corp. lowered its outlook as weakening ...more
Rumsey: Alternative Fuels Will Advance Despite Uncertainty
“We need to set clear and challenging but also achievable goals that drive innovation and allow the best technologies to ...more
Hyundai Unwraps Xcient Tractor Overhaul
The Xcient fuel cell truck, along with its hydrogen fuel cell system, on display at ACT Expo in Anaheim, Calif. ...more
Record US Goods-Trade Deficit Shows Hit to Economy in Q1
Trucks at the Port of Long Beach in California. (Eric Thayer/Bloomberg) The U.S. merchandise-trade deficit unexpectedly widened in March to ...more
Motive Technologies Cleared in Patent Infringement Case
A Motive booth at an industry show. The jury’s April 24 verdict came after a 10-day trial. (Seth Clevenger/Transport Topics) ...more