Equipment

Goodyear Tire & Rubber Co. named Stellantis NV executive Mark Stewart as CEO following a pressure campaign by shareholder activist Elliott Investment Management.

Around 1,500 unionized employees at Allison Transmission Holdings on Jan. 16 ratified a revised four-year labor agreement, the United Auto Workers union Local 933 said Jan. 17.

LAS VEGAS — Component maker Schaeffler is developing an electric axle, motor and battery drivetrain package for North American commercial vehicles, up to and including Class 8 trucks.

Volkswagen AG lost another lawsuit in a German court over its software fix for engines in the wake of the diesel scandal that tarnished the reputation of Europe’s biggest carmaker.

The Federal Motor Carrier Safety Administration is reviewing six research papers as it weighs revision of its motor carrier safety fitness determination rules, the agency said.

Better front crash prevention technology in passenger cars could prevent 5,500 rear-end accidents with medium and heavy trucks, according to the Insurance Institute for Highway Safety.

U.S. retail sales for medium-duty trucks rose 9.1% year-over-year in December while finishing 2023 some 8.4% higher than 2022’s full-year total, according to data from Wards Intelligence.

Classes 5-8 electric truck maker Xos obtained a $48.5 million capital infusion from serial e-mobility investor ElectraMeccanica, the companies said.

BALTIMORE — Maryland will use its share of $623 million in federal funding to develop 58 EV charging stations, some of which would be located in disadvantaged communities.

Cummins Inc. plans to spend $580 million on its Rocky Mount Engine Plant in North Carolina, much of it as part of the company’s decarbonization push, it said.