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Business, Technology, Fuel

Porsche, Tesla Compete on Electric Vehicle Speed

Porsche and Tesla compete on which company makes a faster electric car. A glass-effect badge sits on the rear of an all-electric Porsche AG Taycan Turbo S luxury automobile. (Michaela Handrek-Rehle/Bloomberg News)

First there was derision. Then mockery turned into admiration. Now a battle is unfolding between the most revered names in the automobile world, Porsche and Tesla Inc., on one of the world’s most challenging racetracks.

September 13, 2019
Government, Business, Fuel

White House Plans Biofuel Quota Boost to Offset Refinery Waivers

The Trump administration may bolster ethanol and other biodiesel. A grain truck sits parked as corn is delivered at a Michlig Grain storage facility in Sheffield, Ill. (Daniel Acker/Bloomberg News)

President Donald Trump has tentatively agreed to a plan for bolstering ethanol and biodiesel, amid pressure from Midwest U.S. senators who warned the president that without action, he risks votes in next year’s election.

September 13, 2019
Government, Business, Fuel

White House to Meet With Oil, Biofuel Makers in Bid for Deal

Grain rail cars on tracks Grain rail cars sit on tracks in the POET Biorefining ethanol facility in Gowrie, Iowa. (Daniel Acker/Bloomberg)

Trump administration officials are set to consult with oil refiners and renewable fuel producers at the White House on Sept. 11, as they struggle to develop a final plan for bolstering corn-based ethanol and soy-based biodiesel.

September 11, 2019
Business, Technology, Logistics

Shopify Gets Boost After $450 Million Acquisition

Shopify Cole Burston/Bloomberg News

Shopify Inc.’s initiative to spend $1 billion to set up a network of fulfillment centers in the U.S. has gained momentum after it announced the acquisition of 6 River Systems Inc., analysts said.

September 10, 2019
Business, Technology

Chinese Auto Giant Invests in Flying-Car Startup Volocopter

Flying car Michaela Handrek-Rehle/Bloomberg News

Billionaire Li Shufu’s Zhejiang Geely Holding Group agreed to invest in flying-car developer Volocopter GmbH as the Chinese auto giant diversifies into technologies that eventually could supplant the traditional gas guzzler.

September 9, 2019
Government, Business

Trade Deal Before Presidential Election May Suit Beijing

China Qilai Shen/Bloomberg News

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.

September 6, 2019
Government, Business, Safety, Logistics

Dorian Makes Landfall on Outer Banks Before Heading Out to Sea

Hurricane Dorian Hurricane Dorian made landfall in North Carolina. (Luke Sharrett/Bloomberg News)

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.

September 6, 2019
Government, Business, Technology

Tesla Gets Exemption From China’s 10% Tax on Car Sales

Tesla storefront in China Giulia Marchi/Bloomberg News

Tesla Inc. won exemption from a 10% Chinese tax on automotive sales, sidestepping trade tensions with the U.S. following CEO Elon Musk’s visit to the country.

August 30, 2019

CNH Industrial Weighs Options for Iveco Truck Unit

CNH CNH Industrial

CNH Industrial NV, the tractor maker backed by Italy’s billionaire Agnelli family, is evaluating options for its Iveco truck business as it seeks ways to unlock value, people familiar with the matter said.

August 29, 2019
Business, Technology

Buffett-Backed BYD Close to Battery Supply Deal With Audi

Battery construction Yen Duong/Bloomberg News

Volkswagen AG’s Audi luxury-car brand is in talks to add China’s BYD Co. as a supplier of batteries used in its premium electric vehicles, according to people familiar with the matter.

August 29, 2019