Automotive

WASHINGTON (AP) — The Environmental Protection Agency on Wednesday granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035.

NEW YORK (AP) — The Federal Reserve's third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.

BANGKOK (AP) — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger.

XIAMEN, China (AP) — The world's largest maker of batteries for electric vehicles said Wednesday it will get into battery swapping in China in a big way starting next year.

MONTREAL — The Lion Electric Co. has applied to the Superior Court of Quebec for protection from creditors under the Companies' Creditors Arrangement Act.

BARCELONA, Spain (AP) — The Barcelona subway grinds to a halt, the doors slide open and commuters pour out to go about their daily business.

Full-size trucks are hugely popular thanks to their ability to get tough jobs done. This characteristic equally applies to those times when paved roads end and off-road hardware becomes essential to getting to your given destination.

MONTREAL — Seized with a liquidity crisis, the Lion Electric Co. said Tuesday it expects to seek protection from creditors under the Companies' Creditors Arrangement Act.

QUÉBEC — The Quebec government has adopted regulations banning the sale of most new gasoline-powered vehicles as of 2035.

BANGKOK (AP) — Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years.