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KOPING, Sweden — The Volvo Group said it is moving ahead with a plan to shift the assembly of its I-shift automated mechanical transmission from its factory here to the United States and Brazil for trucks that its subsidiaries build in North and South America.

Vehicle manufacturer Volkswagen AG said last week that it completed the purchase of a majority stake of fellow German truck producer MAN SE, opening the way to becoming “a new top player on the global truck market.”

Cummins Inc. said Tuesday its third-quarter profit rose 60% from a year ago, but the engine maker trimmed its full-year revenue outlook due to “uncertainty around the macro-economic environment.”

Manufacturing activity in the Philadelphia region increased in October, the Federal Reserve Bank of Philadelphia said Thursday.

Daimler AG has pledged to protect the jobs of its permanent employees through 2016, Bloomberg reported Wednesday.

U.S. manufacturing activity rose in September, showing continued expansion for the 26th consecutive month, the Institute for Supply Management said Monday.

Daimler AG and a large Chinese truck maker have received Chinese government approval for their joint venture to build medium- and heavy-duty trucks and engines for the domestic market and for export.

Manufacturing activity in the New York region contracted in September for the fourth straight month, the Federal Reserve Bank of New York said Thursday.

NAPA, Calif. — North America’s largest heavy-duty truck maker is struggling to find the parts necessary to build all the trucks it has agreed to supply to fleets during 2011, and has had to turn down “thousands” of orders, according to a senior company official.