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Gov. Gretchen Whitmer said in a speech at the Detroit Auto Show that the administration's tariff strategy has hurt American auto manufacturing and is benefiting Chinese competitors.

The San Jose, Calif.-based company could seek $300 million to $400 million, a source told Bloomberg. A listing in the U.S. could take place as soon as the end of this year or early 2027.

The voyage marks another step toward normalization of global supply lines, after Yemen-based Houthis in 2023 began attacking vessels, forcing shipowners to sail south of Africa.

“We built our entire vehicle business as an industry between Canada, Mexico and the U.S.,” Ford CEO Jim Farley said Jan. 15 in a Bloomberg TV interview. “We have to get this revised.”

Katie Farmer, BNSF’s CEO, said the industry should question whether it’s an “accurate premise” that Union Pacific’s proposed takeover of Norfolk Southern will lead eventually to growth in shipping volume.

Antonio Filosa is overseeing a wide-ranging review of the automaker’s global operations in bid to stabilize the company after suffering dramatic market-share declines under Carlos Tavares.

The supertanker Marbella, whose location was a mystery for more than a year, turned on its transponder this past weekend to reveal it was sitting off the coast of Venezuela.

This is PlusAI’s second attempt to go public. The company announced plans to merge with Hennessy Capital Investment Corp. V in a 2021 deal that valued the company at $3.3 billion.

The Veronica is the fourth tanker seized since the U.S. ouster of Venezuela President Nicolás Maduro in a surprise nighttime raid almost two weeks ago.

The global oil industry is working through the consequences of Washington’s move. For shipowners, that means higher rates on some routes as current and future oil flows are redirected.