Wabash Reports 1Q Gains, Record Backlog
Trailer maker Wabash National Corp. posted slightly higher net income in the first quarter as revenue and backlog soared.
May 2, 2018Nikola Sues Tesla for $2 Billion Over Electric Truck Design
Nikola Corp. has sued rival Tesla Inc. for $2 billion, claiming Tesla infringed on U.S. patents Nikola received on cab design, including wrap windshield, midentry door, fuselage, fender, side cladding, and the overall design of a semi.
May 2, 2018C.H. Robinson Reports Higher First-Quarter Revenue, Profits
C.H. Robinson Worldwide reported strong revenue growth and higher profits in the first quarter of 2018 and said it expects strong demand and tight capacity conditions to continue through the rest of the year.
May 1, 2018Cummins Announces Mixed Results for 1Q, Raises Outlook for 2018
Heavy-equipment manufacturer Cummins on May 1 reported first-quarter 2018 net income of $325 million, or $1.96 per diluted share. That is a drop of $71 million and $0.40 per share compared with the first quarter of 2017.
May 1, 2018Daimler First-Quarter Earnings Mixed
Daimler AG reported lower first-quarter net income though revenue rose amid strong truck sales and record demand at its Mercedes-Benz Cars division.
May 1, 2018Trump Administration Softens Expectations for a US-China Trade Deal This Week
The Trump administration sought to temper expectations for a swift breakthrough on trade issues with China as a delegation of senior U.S. officials prepares to visit Beijing this week.
May 1, 2018Autonomous Cars’ Shortcomings Revealed in California DMV Reports
A demand from the California DMV of eight companies testing self-driving cars has highlighted a number of areas where the technology falls short of being safe to operate with no human backup.
May 1, 2018Haldex AB Net Income More Than Doubles in 1Q
Haldex AB reported net income doubled in the first quarter as revenue rose 9% amid growing demand for the Scandinavian company’s brake adjusters, disc brakes and actuators.
May 1, 2018California Challenges EPA Over Auto Emissions Rollback
California isn’t rolling over as the Trump administration moves to toss Obama-era vehicle emission standards.
May 1, 2018Commerce Secretary Wilbur Ross: NAFTA Talks Could Extend Past May
Commerce Secretary Wilbur Ross said talks to revamp NAFTA could drag on for months, even as negotiators step up the pace of discussions to reach an agreement as soon as this month.
May 1, 2018