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Toyota Boosts Investment in US Manufacturing to $13 Billion, Adds Another 600 Jobs

Back in 2017, Toyota said that it would invest at least $10 billion over the course of the next five years in its U.S. manufacturing presence. Now, the Japanese automaker is saying it will exceed that goal in announcing a new commitment of $13 billion in the same timeframe.

March 15, 2019

Tesla to Raise Prices, Close Fewer Stores Than Announced

Tesla Inc. plans to raise average vehicle prices by about 3% globally after it decided to shut down fewer stores than it previously announced.

March 11, 2019

Fighting Fakes Was a Big Reason Behind Amazon’s Big Vendor Purge

Amazon.com on March 9 hinted that fighting counterfeits was a reason for its sudden and unexplained purge of thousands of vendors that sowed panic among longtime suppliers.

March 11, 2019

WiseTech Global Acquires Singapore Firm Containerchain

WiseTech Global, a logistics company based in Sydney, has acquired Containerchain, a container logistics provider that does business in Asia, Europe and the United States, according to a WiseTech news release.

March 8, 2019

Financing Deals Put Tesla Closer to Making Model 3s in China

Tesla Inc. secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3 sedans at its first overseas plant.

March 8, 2019

Descartes Posts 16% Profit Gain for Final Quarter, Full Year

The Descartes Systems Group Inc. reported profits grew 16% in 2018, according to a company earnings release.

March 8, 2019

Amazon Purges Suppliers in Push to Boost E-Commerce Profits

Amazon.com abruptly stopped buying products over the past two weeks from many of its wholesale vendors, encouraging them to instead sell their products directly to consumers on Amazon’s marketplace.

March 7, 2019

Tesla Probably Can’t Make Money in China, Morgan Stanley Says

Investors should keep their expectations about Tesla Inc.’s ability to operate profitably in China “very low,” Morgan Stanley analyst Adam Jonas wrote in a note, adding that he’s cautious about the country’s role in the carmaker’s long-term strategy and fundamental value.

March 6, 2019

TMC Annual Meeting Goes ‘Beyond the Frontier of Maintenance’

The evolution of trucks and truck maintenance is apparent in key highlights on the agenda for the upcoming annual meeting of the Technology & Maintenance Council of American Trucking Associations.

March 14, 2019

Musk Blindsided Tesla Staff With Store Wind Down, Sources Say

Tesla Inc. CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter.

March 5, 2019