The Trump administration is expected to exempt some oil refineries from 2019 mandates to use renewable fuel as it readies possible last-minute moves on U.S. biofuel policy.
Hunt for the Next Tesla Fuels Wave of EV Deals
Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.
Lucid Motors Reportedly in Talks to Go Public
Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special-purpose acquisition companies, according to people familiar with the matter.
Biden’s Go-Big Stimulus Plans Set Up Fresh Fight in Senate
President-elect Joe Biden’s plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays.
Chips Shortage Hits Global Automakers
A semiconductor shortage is pinching some of the world’s biggest auto manufacturers, costing Daimler AG, Nissan Motor Co., Honda Motor Co., Ford Motor Co. and Fiat Chrysler Automobiles NV production for a range of cars.
Democrats’ Senate Sweep in Georgia Signals Boost to Economy
Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.
China Oil Giant Eyes New Supertankers to Shrink Diesel Glut
China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil.
White House Leaves Stimulus to Congress After Failed Talks
The Trump administration is stepping back from negotiations on a new stimulus package and leaving it to Senate Majority Leader Mitch McConnell to revive long-stalled talks with House Speaker Nancy Pelosi, according to people familiar with the situation.
Pfizer Vaccine Road Map Shows Logistical, Financial Obstacles
When Pfizer Inc. and BioNTech SE’s COVID-19 vaccine rolls off production lines, Shanghai Fosun Pharmaceutical Group Co. will be waiting to distribute it through a complex and costly system of deep-freeze airport warehouses, refrigerated vehicles and in…
VW CEO Diess Says Existential Electric Race Awaits After Pandemic
Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.