Dana Posts Declines in Q3 Net Income, Revenue
Dana Inc. reported net income and revenue fell in the third quarter even as its markets rebounded from the ongoing novel coronavirus pandemic.
October 28, 202012% of Vehicles Inspected Placed Out-of-Service
Commercial vehicle inspectors put 12% of the 43,565 inspected commercial motor vehicles out-of-service for brake-related violations during Brake Safety Week Aug. 23-29, the Commercial Vehicle Safety Alliance said Oct. 27.
October 28, 2020Cummins Sees Q3 Profit, Income Decline
Cummins Inc. reported lower net income and revenue in the third quarter, mirroring in part the drop in truck production.
October 27, 2020September Factory Orders Up 1.9%
Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well.
October 27, 2020Daimler, Waymo Partner to Develop Autonomous Trucks
Daimler Trucks and Waymo have announced an agreement to produce highly automated Level 4 commercial vehicles by combining Daimler’s trucks with Waymo’s technology.
October 27, 2020Haldex Posts Q3 Net Loss as Production Falters in Key Markets
Braking systems and air-suspension supplier Haldex reported a net loss on lower revenue in the third quarter.
October 26, 2020Rush Records Lower Profit on Reduced Revenue
Truck dealership Rush Enterprises posted lower net income and revenue as it forecast a gradual recovery from the effects of the COVID-19 pandemic.
October 26, 2020Daimler Records Higher Net Income on Lower Revenue in Q3
Daimler AG reported higher net income on lower revenue in the third quarter as core markets began to recover from the impact of COVID-19.
October 23, 2020Whiting Systems Opens New Georgia Distribution Center
Whiting Systems opened a new distribution fulfillment center in Georgia, the company announced Oct. 21.
October 23, 2020Continental Is Said to Explore Sale of Turbocharger Business
Continental AG is exploring a sale of its turbocharger unit as the German auto-parts maker conducts a major restructuring to stem losses, according to people familiar with the matter.
October 22, 2020