Equipment

DETROIT — U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.

Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.

Volvo Group profit fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenue and margin.

Models affected include locally made 3 Series and 5 Series vehicles, as well as several imported X Series SUVs.

NASHVILLE, Tenn. — An Oklahoma woman won Rush Truck Centers’ sweepstakes to give away the last Peterbilt Model 389x produced.

Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.

Policy changes would be an impractical solution to making the drayage and intermodal chassis market more efficient, according to a recently published study.

The memorandum of understanding sends a signal to the freight market that utilities are allies, Aravind Kailas told TT. “We can present a united front,” he said.

Deere said it boosted its workforce when demand surged during the COVID-19 pandemic, which roiled supply chains, only for the farm economy to start slowing.

Overall, sales of Classes 4-7 trucks fell 9.4% year on year in September. Four out of the nine months in 2024 have seen a year-over-year decrease.