Bloomberg California, New York and 10 other states sued the Trump administration for weakening Obama-era auto regulations intended to increase industry compliance with federal fuel-efficiency standards. The suit filed in the federal appeals court in Manhattan challenges a final rule issued by the National Highway Traffic Safety Administration that reduces financial penalties for companies that fail to meet corporate average ...

Bloomberg Supercar manufacturers typically operate in the rarefied sphere of recession-proof consumption, where wealthy customers possess enough money to drop $300,000 or more on their purchases. Ferrari NV experienced the limits of that behaviour, reporting growth in the second quarter far behind the first three months of the year, sending its stock tumbling. Both profit and shipments slowed from more ...

Bloomberg It’s dry in the Pacific Northwest, British Columbia and Alaska. Very dry. A contiguous stretch of over 2,000 miles of Pacific coastline is experiencing drought conditions ranging from “abnormally dry” to “extreme drought,” according to US and Canadian Drought Monitors. While drought has receded across much of the Canadian provinces from June, and overall conditions in the lower 48 ...