An increase in consumer demand is causing a container clog, with many ports and carriers running out of space. This surge has caused container prices to sharply increase, forcing automotive suppliers to pay a pretty penny for real estate on these large container ships.
BorgWarner sales and income declined in the second quarter but revised downward guidance for the rest of the year hammered shares.
North America On-Highway and Defense softened sequentially, and management thinks the company will make much less money in 2019.
Manual transmissions have almost disappeared from cars and light-duty trucks. But that isn’t the case in heavy-duty trucks. Read the pros and cons of manual and automatic transmissions in Class 8 trucks.
Shares of Cummins Inc. (NYSE: CMI) decreased by $0.47 on February 6 after the company missed the consensus expectations of fourth quarter earnings per share (EPS) of $3.81 by 8.6 percent, according to Seeking Alpha. Non-GAAP EPS was only $3.48.
The Eaton-Cummins Automated Transmission Technologies joint venture introduced the purpose-built Endurant automated transmission on Sunday at the North American Commercial Vehicle Show at the George World Congress Center in Atlanta.
