Gasoline prices across the U.S. on Dec. 1 averaged $3 a gallon, according to American Automobile Association data. That's well above President Donald Trump’s pledge to bring the price below $2.

Nippon Steel is seeking a site capable of supporting a steel plant with 3 million tons of annual capacity. The plant will be run by the company’s U.S. Steel subsidiary.

Initial manufacturing of the R2 two-row crossover will start in Illinois, but production will expand to Rivian's future factory in Georgia in 2028. 

More than eight out of 10 consumers who put down a $100 reservation on a Scout have selected plug-in hybrid versions over EVs.

OPEC+ also approved a mechanism for its review of members’ individual production capacities, a sensitive process that will help set quotas in 2027. 

U.S. consumers already spent $11.8 billion online for Black Friday, $6.4 billion on Thanksgiving Day and another $11.8 billion over the weekend — exceeding forecasts by Adobe Analytics.

The data for airfreight and container shipping “continue to signal expansion,” even as they weakened from June, “indicating a cooling-off in the transportation of goods worldwide,” WTO said.

The future of parent company Bollinger Innovations — previously known as Mullen Automotive and formally headquartered in Southern California — remains unclear.

FedEx plans to cut hundreds of jobs in Texas after a third-party logistics customer opted to move its business to a new location and a different company.

Proterra debuted its upgraded battery pack, the H2-23, in April, specifically targeting it for the Class 8 truck market and other demanding commercial applications.

Initial claims decreased by 6,000 to 216,000 in the week ended Nov. 22. The median forecast in a Bloomberg survey of economists called for 225,000 applications.

The weak outlook for the maker of iconic green and yellow tractors comes as farmers have been hit hard by low crop prices and President Donald Trump’s tariff policies.

Prime Minister Mark Carney’s government will lower the tariff-rate quota level for steel imports from countries with which Canada doesn’t have a trade agreement to 20% from 50%.

U.S. President Donald Trump said he urged Chinese President Xi Jinping to increase the speed and size of agricultural purchases and said Beijing had “more or less agreed” to do so.

Tesla co-founder JB Straubel’s battery recycling firm, Redwood Materials, cut dozens of jobs as the startup scales back some of its ambitious projects.

The grounding of the workhorse freighter plane involved in a deadly crash in Kentucky may drag on for an “undeterminable period,” creating havoc for UPS, FedEx and a Florida-based carrier.

General Motors' chief AI officer is out, marking the loss of another Silicon Valley alum as the company works to bulk up staffing to support tech innovation at the Detroit automaker.

U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation.

Statistics Canada said it will not publish October trade data as was scheduled on Dec. 4. The agency had previously confirmed September numbers would be postponed.

The foundry achieved a first Nov. 20, pouring its first iron as a stand-alone commercial vehicle brake drum manufacturing plant. Brake drums were soon rolling off the production line.