Volvo Group will acquire the battery business of Proterra Inc. and Proterra Operating Co., the businesses said separately.

Goodyear posted a loss in the third quarter on the back of weak conditions in its truck business, a fire at a Polish factory and an ongoing reorganization, the tire maker said.

Westport Fuel Systems expects definitive agreements for its high-pressure gas-injection fuel system joint venture with Volvo Group to be signed by the end of January, executives said.

Hyliion Holdings Corp. plans to exit the Class 8 electric powertrain business, the company said Nov. 8, less than a month after beginning a strategic review of its options for the unit.

Hyzon Motors plans to begin testing the next generation of its Class 8 hydrogen fuel cell electric trucks with U.S. customers in the first quarter of 2024.

Continental AG slashed its expectations for North American commercial vehicle replacement tire sales in 2023.

Profits at Daimler Truck Holding AG in the third quarter fell on the back of lower sales due to supply constraints and the absence of a tax benefit that boosted the year-ago period’s results.

The national average diesel price fell 8.8 cents to settle at $4.366 a gallon, according to Energy Information Administration data released Nov. 6.

Tevva Motors Ltd. filed suit against ElectraMeccanica Vehicles Corp. Nov. 3 as the dispute between the onetime partners in building a Class 8 hydrogen-powered truck escalates.

Profits at Schneider in the third quarter of 2023 slumped 72% year-over-year in what the company believes was the most challenging phase of the ongoing freight recession.