Nikola Corp. and General Motors Co. announced a new nonbinding memorandum of understanding for a global supply agreement that would integrate GM’s Hydrotec fuel cell system for Nikola’s Classes 7-8 vehicles.

Used Class 8 trucks in October notched the first monthly year-over-year increase in average price after 17 such declines, ACT Research reported. It expects the gains to continue into next year.

Anheuser-Busch InBev, PepsiCo Inc., Republic Services and nongovernmental organization Together for Safer Roads announced a design challenge to improve fleet safety and save lives, calling the project the Truck of the Future.

XStream Trucking Inc. renamed itself TruckLabs and introduced its new fleet management software TripDynamics.

Navistar announced the next generation of its heavy-duty HX International Truck vocational model, principally designed for the construction segment.

U.S. retail sales in October of Classes 4-7 trucks were down about 7%, WardsAuto.com reported, as they went head-to-head against record year-earlier comparisons.

Meritor reported lower fiscal fourth-quarter net income and revenue. The company also announced President and CEO Jay Craig will transition to executive chairman of the board of directors Feb. 28.

CVG reported lower net income and revenue in the third quarter as a result of a drop in commercial vehicle build rates offset by results from warehouse automation initiatives in the expanding e-commerce environment.

Meritor Inc. announced Jay Craig, CEO and president, will transition to the role of executive chairman of the board of directors on Feb. 28, 2021. Chris Villavarayan, executive vice president and chief operating officer, will succeed him in both roles, and will join the board.

U.S. trailer orders for October soared to 54,200, the third-best in industry history, ACT Research reported, citing trailer makers’ preliminary market estimate.