Freightliner eM2 Serial Production Begins at Portland Plant
Serial production of Freightliner’s eM2 medium-duty battery-electric truck began at Daimler Truck North America’s Portland, Ore., manufacturing plant in recent days, DTNA said Oct. 26.
November 1, 2023Tevva, ElectricaMeccanica End Partnership
Plans to build a hybrid electric and hydrogen-powered Class 8 truck floundered in recent days as startup merger partners Tevva Motors Ltd. and ElectraMeccanica Vehicles Corp. parted ways.
November 1, 2023Toyota’s Profits Zoom on Cheap Yen, Strong Global Sales
TOKYO — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.
November 1, 2023Allison Transmission Third-Quarter Profit Rises 14%
Allison Transmission Holdings posted net income of $158 million in the third quarter of 2023, an increase of 14% from $139 million in the same period in 2022, the company said Oct. 25.
October 31, 2023Jack Cooper Making $2 Billion Bid for Bankrupt Yellow
Jack Cooper Transport is reportedly making a nearly $2 billion bid to snatch up the assets of Yellow, the trucking firm that collapsed in late July and filed for bankruptcy.
October 31, 2023Caterpillar Falls as Shrinking Backlog Raises Demand Worry
Caterpillar Inc. shares tumbled in premarket trading after the company said its order backlog shrank in the third quarter, in a sign of slowing demand for its iconic yellow machinery.
October 31, 2023Stellantis Expects Strike to Cost It 750 Million Euros
MILAN — Stellantis said Oct. 31 that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its competitors.
October 31, 2023Court Approves Yellow Administrators’ Auction Plans
A court on Oct. 27 approved plans by the administrators of Yellow to use auctioneers to sell the company’s rolling stock, as Jack Cooper Transport eyes a bid to rescue the motor carrier.
October 30, 2023Mack, UAW End Latest Labor Talks With No Deal
Negotiations between Mack Trucks and the United Auto Workers union over a labor agreement ended Oct. 26 with no new master contract in place, the Volvo Group subsidiary said.
October 30, 2023GM Reaches Tentative Deal With UAW to End Strike
General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a 6-week-old strike.
October 30, 2023