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U.S. auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers.

Cummins agreed to pay a $2 billion penalty as part of a Department of Justice investigation that determined devices that bypassed emissions sensors had been installed on Cummins engines.

The national average diesel price resumed its decline after a one-week increase, slipping 3.8 cents to $3.876 a gallon, according to Energy Information Administration data on Jan. 1.

General Motors Co. said in a lawsuit that San Francisco unfairly taxed it $108 million over seven years, despite the automaker having very low sales and almost no personnel in the city.

Budget negotiations will consume the attention of congressional leaders for much of January.

An economy that is returning to more balanced spending between goods and services was reflected in mixed November results across the nation’s ports, as container volumes stabilized even as shippers moved goods in anticipation of a busy holiday shopping season.

The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1.

2024 Diesel prices from the U.S. Energy Information Administration are drawn from a weekly national survey of about 400 diesel service centers.

The California Air Resources Board is allowing fleets flexibility with some reporting requirements mandated under its Advanced Clean Fleets rule, which is set to take effect this year.

A spike in prices in the eastern half of the U.S. led to the first weekly national diesel average increase in nine weeks, with a two-cent spurt to $3.914 a gallon.