Freightliner to Cut N.C. Jobs
Freightliner will cut as many as 1,500 jobs at a North Carolina truck assembly plant, the Charlotte Observer reported Tuesday.
May 15, 2007Daimler to Sell Chrysler UnitTo Private Firm for $7.4 Bln.
DaimlerChrysler will sell its Chrysler unit to a private-equity firm for $7.4 billion, abandoning a nine-year effort to make the division profitable, Bloomberg reported Monday.
May 14, 2007Volvo’s 1Q Profit Declines
Truck maker Volvo AB’s first-quarter profit dipped 5.8% as North American sales declined, but the company’s European sales increased, Bloomberg reported Friday.
May 11, 2007House Panel Imposes New Border Limits
A House panel moved to put new limits on the Bush administration’s plans to open the U.S. border to Mexican trucks, and the panel’s chairman warned DOT not to go forward with its plans.
May 7, 2007DOT Delays Mexican-Trucks Program
The Department of Transportation said it will delay its plan to allow Mexican trucks into the United States until U.S. trucks are allowed into Mexico, and that it will take public comments on the program this month.
May 1, 2007Dongfeng’s 1Q Profit Jumps 24%
Dongfeng Automobile Co. said its profit increased for a third straight quarter, rising 24% as China's surging economy boosted demand for trucks and other commercial vehicles, Bloomberg reported.
April 30, 2007CVG’s First-Quarter Income Falls
Auto and truck parts supplier Commercial Vehicle Group said its first-quarter profit fell by 78% to $3 million or 14 cents a share, from $13.4 million or 62 cents last year.
April 30, 2007EPA Stance on SCR Earns Praise
Truck and engine makers said they were pleased with new guidelines on selective catalytic reduction technology issued by the U.S. EPA, despite some concerns.
April 30, 2007March Trucking Index Gains
American Trucking Associations’ truck tonnage index rose 1.6% in March from a year ago, marking the first year-over-year increase since June, ATA said Thursday.
April 27, 2007Michelin’s 1Q Sales Gain
Tire maker Michelin & Cie. said its first-quarter sales rose 5.5% on higher prices and demand from truck makers, Bloomberg reported.
April 24, 2007