Industry and the U.S. government alike are responding to the gap between semiconductor supply and demand.

Honda Motor Co. and South Korean battery maker LG Energy Solution Ltd. will spend $4.4 billion to build a new battery plant in the U.S. as the Japanese carmaker seeks to phase out fossil-fuel vehicles completely by 2040.

Passage of the CHIPS Act came at an opportune time, as chip manufacturers had suspended plans to build new fabrication plants  in the U.S., saying they wouldn’t proceed without U.S. government subsidies.

The 55-year-old Swede was named chief executive officer of the Traton trucking unit after a management shakeup last year. He’s to steer a turnaround of the business after Europe’s biggest carmaker struggled for years to improve cooperation between its different commercial-vehicle brands.

California is expected to ban the sale of new gasoline vehicles by 2035 as the state takes dramatic steps to reduce emissions and combat the climate emergency.

Truck stop operator Pilot Flying J is taking an equity stake in automated vehicle startup Kodiak Robotics, the first step in what Pilot says will be a broader plan to outfit its highway stations to greet robot trucks. 

Water levels in the upper stretches of the Yangtze — a crucial source of hydro-power, transport and water for crops — are at the lowest level since records began.

President Biden signed into law Aug. 9 the bipartisan CHIPS and Science Act of 2022, as part of an industrial strategy to revitalize domestic manufacturing, create good-paying American jobs, strengthen American supply chains, and accelerate the industries of the future.

After President Joe Biden’s landmark bill passes, the federal government will start doling out up to $40,000 tax credits per heavy-duty truck purchase.