Nikola Hires GM Veteran Steve Girsky as CEO
Nikola Corp. is tapping a former General Motors Co. vice chairman to serve as its CEO, replacing the current CEO after less than a year of running the electric truck maker.
August 4, 2023Weaker Truck Sector Tire Demand Induces Q2 Loss at Goodyear
Weaker demand from the U.S. and European commercial truck sectors resulted in a second-quarter 2023 loss at Goodyear Tire & Rubber Co.
August 3, 2023House Committee Approves Internal Combustion Engines Bill
A panel in the House recently approved a bill that would block efforts meant to prevent the sale of internal combustion engines.
August 3, 2023Meritor, Heavy-Duty Truck Engine Sales Boost Cummins Profits
Profits at Cummins Inc. rose to $720 million in the second quarter of 2023 from $702 million in the year-ago period on the back of a jump in sales, including at newly acquired Meritor.
August 3, 2023Schneider Acquires M&M Transport
Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.
August 3, 2023Eaton Q2 Profit Jumps 23.8%
Eaton Corp. posted net income of $744 million in the second quarter of 2023, a 23.8% increase compared with a $601 million profit in the same period a year earlier.
August 2, 2023Nikola Begins Production of Hydrogen Fuel Cell Class 8 Truck
Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.
August 2, 2023UAW to Show List of Economic Demands to Automakers This Week
DETROIT — The United Auto Workers union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week, the union’s president says.
August 2, 2023Daimler Truck Q2 Profit Rises on Sales Tailwind
Daimler Truck posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1.
August 1, 2023Nikola Stock Surges as Retail Investors Pile In
A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a stock fervor.
August 1, 2023