In terms of the trucking industry, original equipment manufacturer (OEM) refers to parts made by the same company that makes the vehicle (as opposed to aftermarket parts, which are produced by different companies and designed to be compatible with as many vehicles as possible). While OEM products may cost more than aftermarket upfront, the price reflects the quality.
The biggest commercial truck manufacturer in the world is Daimler AG (better known as Daimler Chrysler), which produces the brands Mercedes-Benz, Western Star, Freightliner, Sterling Trucks, and Fuso, among others. Other leading commercial truck manufacturers include Volkswagen Group (which produces MAN, Scania and Volkswagen Commercial-Vehicles), Volvo Group (which produces Volvo, Renault, Mack, Eicher, and UD Trucks), and Dongfeng Motor, China’s largest automaker.
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A whistleblower filed a complaint in 2013 alleging pricing fraud by Navistar Defense that its parent company settled with no admission of wrongdoing.
An apparent ransomware attack has targeted Utility Trailer Manufacturing, one of the largest U.S. manufacturers of trailers for commercial trucks.
PACCAR puts up strong Q1 numbers, including record parts sales that suggest the new truck backlog is boosting aftermarket sales.
Canadian trucking giant Mullen Group wades into truck sales after acquiring a small Volvo and Mack dealership as part of the acquisition of British Columbia’s Bandstra Group.
Navistar reported a Q1 fiscal loss in its final earnings in 35 years as the public holding company for International Trucks and IC buses.
Roger Nielsen will need a new outlet for his electric and driverless truck passion as the Daimler Trucks North America CEO retires after a 35-year career.
The $3.7B merger of Navistar and TRATON Group drew nearer Tuesday when Navistar shareholders approved a $44.50-per-share buyout.
With the coming independence of Daimler Truck from Daimler AG, the North American subsidiary gets a new CEO when Roger Nielsen retires in April.
With 2020 in the rearview, there are promising signs that point towards industry growth if one crucial thing takes place: tight inventory levels need to be replenished.
Canadian electric truck and bus manufacturer The Lion Electric Company expects to list on NYSE and raise $500 million after combining with blank check company though a SPAC merger.
