A court-appointed monitor says there is a “very high†likelihood that electric truck and bus maker Lion Electric will be liquidated.
May 7, 2025Business, Technology, Equipment, Fuel, TCA
Electric School Bus Maker Lion Faces Likely Liquidation
Government, Business, Technology, Equipment, Fuel
Tariffs Force Rivian to Lower Annual Delivery Outlook
The company now expects to sell 40,000 to 46,000 battery-powered pickups, SUVs and delivery vans this year, it said May 6 while reporting first-quarter results.
May 6, 2025Government, Business, Technology, Equipment
Weak US On-Highway Truck Demand Drags on Q1 Cummins Revenue
Equipment manufacturer Cummins saw revenue fall in Q1 on the back of weaker on-highway truck sales in both North and South America and broad buyer worry about business trends.
May 6, 2025Government, Business, Equipment
Lawmakers Scrap Tire Emissions Limits in Deregulation Push
Congress has voted to kill a Biden-era rule requiring rubber tire makers to clean up planet-warming emissions from their manufacturing processes in the U.S.
May 6, 2025Business, Technology, Equipment
Data Center Demand Propels Eaton Q1 Profit, Revenue Growth
Data center and electricity generation construction continued to power Eaton profit and revenue increases in Q1 as the component manufacturer’s vehicles division lagged again.
May 6, 2025Business, Equipment
Vocational Demand, Price Hikes Boost Allison Q1 Profit
U.S. demand for Class 8 vocational trucks and day cab tractors that has tracked with expectations combined with a lift from higher prices helped boost Allison Transmission profit in Q1 2025.
May 6, 2025Government, Business, Equipment, TCA
GM Names Duncan Aldred New North America Leader
General Motors on May 5 named Duncan Aldred the new president of the automaker’s North America operations amid tensions between President Donald Trump, Canada and Mexico over tariffs.
May 6, 2025Government, Business, Equipment
Continental Earnings Hit Four-Year High on Cost Cuts
Continental AG more than doubled earnings in the first quarter as its car parts unit slashed costs and tire sales bounced back from weaker levels last year.
May 6, 2025Government, Business, Technology, Equipment, Fuel, Logistics
California Awards Tax Credits for Port, Hydrogen Projects
California Gov. Gavin Newsom awarded a $1.5 million tax credit for a hydrogen fuel facility and a $800,000 credit to expand Port Hueneme’s logistics and supply chain infrastructure.
May 5, 2025Government, Technology, Equipment, Safety
Congressional Republicans Push Reconciliation Bill
House Republicans recently took a major step in their quest to approve as early as this month a comprehensive tax and budget measure supported by the Trump White House.
May 5, 2025