Cummins, Isuzu Form Powertrain Partnership
Independent engine maker Cummins Inc. and truck maker Isuzu Motors announced they are entering into the Isuzu Cummins Powertrain Partnership agreement, which formalizes a business structure for the companies to bring new diesel and diesel-based powertrains to global markets.
May 31, 2019Pitstop Raises $1.5 Million, Partners With Continental
Pitstop, a Toronto prognostics platform for predicting vehicle failures, has received $1.5 million in seed financing, led by Toronto-based venture capital fund Ripple Venture, according to a news release.
May 31, 2019Trump Tariff on Mexican Oil Could Hit Gulf Refiners
U.S. oil refiners could get hit if crude is included in President Donald Trump’s threatened 5% tariff on Mexican goods, although the effect may be tempered by their growing fuel exports.
May 31, 2019FourKites Expands Real-Time Freight Visibility
FourKites is offering real-time visibility across its network, including freight it does not manage, according to a news release by the supply chain company.
May 31, 2019BMW Factory Caught in Trump’s Mexican Standoff
President Donald Trump’s vow to impose a 5% tariff on Mexican goods comes just in time to hit exports from a $1 billion BMW AG factory that opens in the country next week.
May 31, 2019M&D Distributors Expands Service Network in Texas
M&D Distributors, an independent aftermarket distributor of diesel engine parts and components, announced its asset acquisition of Diesel Testers Inc., a service dealer that provides diesel engine parts and repair services through its retail location in Odessa, Texas.
May 31, 2019Oil Industry Poised to Attack as EPA Boosts Ethanol in Fuels
Oil industry foes are preparing to go to court to fight the Environmental Protection Agency regulation issued May 31 that allows year-round sales of higher-ethanol E15 gasoline nationwide.
May 31, 2019GM, Ford Slip as Auto Sector Hit by Trump’s Mexico Threat
U.S. automakers and parts suppliers were among the sectors hit hardest in early trading May 31 after President Donald Trump’s threat to impose a tariff of up to 25% on Mexican goods. General Motors Co. and Ford Motor Co. each fell more than 3%.
May 31, 2019Tesla Starts Accepting Orders for Lower-Priced Model 3s Made in China
Tesla Inc. started taking orders for Model 3 cars to be made in China, lowering prices for the vehicle as it seeks to double down on a market it expects to drive future growth and revenue.
May 31, 2019Pork Producers, Corn Growers Urge Trump to Reverse on Mexico Tariffs
The U.S. National Pork Producers Council urged President Donald Trump to reverse his decision to impose new tariffs on Mexico over illegal immigration.
May 31, 2019