OEM
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Mitsubishi Fuso ending truck sales in US and Canada
Growing competition leads Mitsubishi Fuso Truck and Bus Corp. to decide against selling medium-duty trucks in the U.S. and Canada after current inventory is sold.…
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Pre-merger surge drives Nikola value to $12 billion
With a June 2 merger vote that would make fuel cell electric truck maker Nikola a public entity, the company’s book value has quadrupled to…
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Navistar extends CEO’s contract as buyout by TRATON on hold
Navistar extended CEO Troy Clarke’s contract until July as a buyout offer by Volkswagen subsidiary TRATON Group is on hold amid the cash-devouring coronavirus pandemic.
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Workhorse looks to scale electric truck production (with video)
Interest is rising in Workhorse’s electric truck-based drone delivery system as the company seeks $40 million credit line to scale production.
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Traton urges European government-sponsored swapping of older trucks
Volkswagen truck holding company Traton Group urges a Euro-style “cash for clunkers” program to boost new truck purchases following lower first-quarter sales, profits and orders.
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Daimler says it is well financed to weather COVID-19
Uncertainty beyond loss-making second quarter concerns Daimler leaders, though robust supply chain and cash position suggest fast production ramp-up when economy recovers
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Daimler previews a difficult first quarter
Daimler AG revealed difficult first-quarter results, removing mystery from next week’s earnings report, which shows all segments struggling, including its truck manufacturing business.
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PACCAR earnings slow in first quarter
PACCAR Inc. posted decent first quarter earnings despite shuttering its plants in late March because of the coronavirus pandemic. While truck orders cooled, parts sales…
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Rising joblessness increases candidate pool for Nikola
Electric and fuel cell truck maker Nikola gets its pick of candidates as job insecurity led so many to apply that Linked In briefly shut…
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Navistar implements across-the-board cuts to conserve cash
Navistar makes $300 million in across-the-board cuts to conserve cash but will repay employees with interest for their 10% to 30% pay reductions next March.
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