Haldex reported a 13% drop in fourth-quarter revenue as well as a net loss that was less steep, compared with a year earlier, as sales to truck makers declined.

Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.

Daimler AG reported a dip in revenue and a gain in net income in the fourth quarter compared with a net loss a year earlier.

Allison Transmission Holdings Inc. reported lower net income and revenue while Dana Inc. posted lower net income and slightly increased revenue.

Independent engine maker Cummins Inc. narrowly claimed the lead for the most Class 8 engines supplied in North America in 2020, pulling ahead by just 1,066 units over next-in-line Detroit, a brand of Daimler Trucks North America.

Classes 4-7 U.S. retail sales in January climbed 14.3% compared with a year earlier, led by a surge in the Class 6 segment, WardsAuto .com reported.

Kenworth Truck Co. has introduced the next generation of its T680 on-highway model, which it describes as the most aerodynamic longhaul truck it has ever built.

U.S. trailer orders in January were 29,100, up 94% from the same month last year, ACT Research reported, citing manufacturers’ initial data.

Truck dealership Rush Enterprises reported net income rose and revenue slipped in the fourth quarter.

Class 8 U.S. retail sales in January improved 7.7% compared with a year earlier, reaching 16,844 compared with 15,645 in 2020, WardsAuto .com reported.