Nikola Battery-Electric Truck Slated for Europe in 2021
Nikola Corp., Iveco and FPT Industrial announced they have begun development of their joint venture’s first truck: the battery-electric Nikola TRE.
December 3, 2019Strick Adds VoMac to Dealer Network
Strick Trailers announced VoMac Truck Sales & Services Inc. has joined its dealership network.
December 2, 2019Kenworth Ontario Relocates Peterborough Facility
Kenworth Ontario-Peterborough has relocated its full-service dealership to a newly constructed facility to enhance customer support, the company announced in a Nov. 25 news release.
December 2, 2019P.S.I. Extends Warranty in Combination With SKF
Pressure Systems International announced it extended the parts coverage warranty on its automatic tire inflation system by two years when the system is used in combination with SKF’s Trouble-Free Operation system.
December 2, 2019Daimler AG to Cut Thousands of Jobs by 2022
Daimler AG, the parent company of Mercedes-Benz and Daimler Trucks, announced it will eliminate thousands of jobs worldwide by the end of 2022 amid weakening car sales in China and the costly push to develop electric vehicles.
December 2, 2019ELFA: October Equipment Financing and Leasing Up 14%
An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year.
November 27, 2019US Economy Grew at Moderate 2.1% Annual Rate Last Quarter
WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.
November 27, 2019Deere Shares Fall; New CEO Adopts Cautious Outlook
Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment.
November 27, 2019Price, Sales of Used Class 8 Trucks Drop 19%
The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.
November 26, 2019Cummins to Lay Off 2,000 Salaried Workers
Two thousand salaried Cummins employees will be laid off in the first quarter of 2020, the Columbus, Ind.-based engine manufacturer announced Nov. 25.
November 26, 2019