The dealbook for Volkswagen’s proposed IPO of its heavy-truck unit appears to be lower than anticipated according to sources.
Auto shows are a great place for vehicle introductions, and when a new Mustang is being introduced, it will often overshadow some of its competitors.
The North American International Auto Show, also known as the Detroit Auto Show, opened its doors to the global press on Monday. Here is a sneak peak at some of the vehicles on display.
Volkswagen announced today that it would expand its Chattanooga assembly plant to build the next generation of electric vehicles.
The Nissan IMs electric vehicle concept drew raves from those in attendance at the Detroit Auto Show, but it is only one of several concept electric vehicles on display.
Realizing the need for its customers to have easy access to and use of electric vehicle charging infrastructure in the future, Penske Truck Leasing has joined the global Charging Interface Initiative e.V. association.
Tesla’s auto production in Fremont and high container volumes out of Oakland are driving demand for trucks in the San Francisco market
Tesla’s auto production in Fremont and high container volumes out of Oakland are driving demand for trucks in the San Francisco market
In the last few weeks, Volkswagen AG has been fined $1.2 billion by a German court over its Dieselgate scandal and is now looking at recalling 124,000 vehicles as it discovered the presence of cadmium in chargers of its electric car variants.
Ford Motor Co. and Volkswagen AG announced the signing of a Memorandum of Understanding (MOU) to potentially develop commercial vehicles as part of a strategic alliance.
Audi CEO Rupert Stadler has been arrested in Germany today in connection to the auto major cheating the emissions test, now dubbed the “Dieselgate”.
Volkswagen is talking openly about increasing its 16.9% share of Navistar and taking over the brand as a prelude to an IPO or debt sale for its Truck & Bus division in Q1 2019. VW ousted its CEO Müller last week and continues to roll out its new messaging.
Volkswagen invests $25B in EVs; Tesla exposed to neodymium supply shocks; FedEx to announce earnings today; Union Pacific plans $127M capex in Arkansas; Maersk says Canadian container trade growth will outpace U.S. in 2018.
Mack Trucks and Volvo discuss performance of their remote software update systems; Uber Freight is using autonomous trucks in Arizona; air cargo was up 8% in January YOY; the 3,000th Neopanamax container ship transited the Panama Canal; intensifying freight flows are driving oil demand.
The movement of goods is booming in Latin America (LATAM) and it is resulting in a significant rise in the number of commercial vehicles being sold in the region.
California-based electric charging companies are set to benefit from the $2 billion settlement that VW agreed to with the government.
When VW purchased Navistar the nation’s third-biggest seller of commercial trucks, it was vulnerable and had few options. Now, it’s on the rebound in a big way.
Warehousing employment surges as Amazon and Walmart are swamped by holiday online orders; UPS aircraft mechanics threaten to go on strike.
After first acknowledging it was a developing a fuel-cell powered heavy-duty truck in the spring, Toyota is now set to unveil its Project Portal truck to the public through a demonstration program at the Port of Los Angeles that starts Oct. 23.
Forging an ever-closer alliance between the two companies, Navistar and Volkswagen announced work on several projects including a new integrated next-generation powertrain and an electric truck to launch in late 2019 or early 2020.
