An Obama era tax credit for buyers and lessees of new electric vehicles will not likely be extended as part of a new federal spending bill, Reuters reports.
Roger S. Penske, icon in both motorsports and the commercial trucking industry, will be awarded the Medal of Freedom by President Donald J. Trump.
Heidi King, deputy administrator for the National Highway Traffic Safety Administration, is planning to leave the agency as soon as next week.
Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
The FMCSA announced a final rule that will permanently ban drivers convicted of human trafficking from operating a commercial motor vehicle.
Ford Motor Co. would feel a "significant impact" if the Trump administration imposes a tariff on cars, engines, and other automotive components it imports from Mexico, a top executive has told investors.
Truck and automobile components and parts manufacturers came out strongly against President Trump’s latest threat to impose a 5% tariff on Mexican imports, saying that it would only serve as an additional tax on the American people and put jobs and investment in the U.S. at risk.
The Democratic leaders of Capitol Hill emerged from a “good will” meeting to report that a bipartisan agreement had been reached to introduce to Congress a $2 trillion plan to modernize the nation's infrastructure.
President Trump and senior White House officials met with Bob Nuss of Nuss Truck & Equipment in Burnsville, Minnesota about taxes and the economy and asked for his support of a federal excise tax repeal.
The Trump administration has plan to cut the $7,500 federal tax credit that has supported sales of battery-electric vehicles as part of its 2020 budget proposal.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
