Volvo implements terms of UAW-rejected third tentative agreement and encourages workers to return while the union urges them to hang tough.
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United Auto Workers members at Volvo Trucks North America planned to resume a strike after rejecting a second tentative agreement .
UAW calls walkout after 30-day extension fails to result in agreement. No new talks until at least April 26.
Lordstown Motors will reveal its commercial electric pickup truck next week even as
the startup faces a deadline to raise hundreds of millions to convert a former General Motors car plant to truck production.
Despite the first labor strike in 35 years and volatile orders for new trucks, Martin Weissburg says his current role as president of Mack Trucks is the favorite of his 15-year Volvo Group career.
Mack likes the stability of the medium-duty truck market, where it can sell small trucks to current customers without the dizzying ups and downs of the Class 8 market.
Navistar will cut 10% of its worldwide workforce even as it gained market share for the third consecutive year.
Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class 8 trucks.
Navistar will book a $140 million hit to fourth-quarter revenue because of the six-week United Auto Workers’ strike at General Motors.
