Component supplier Commercial Vehicle Group Inc. reported slumping revenue and a net loss in the first quarter as production of vehicles declined in key markets.
May 20, 2020Business, Technology, Equipment
Commercial Vehicle Group Reports Q1 Net Loss, Revenue Decline
Business, Technology, Equipment, Safety
IAA Commercial Vehicles Show Canceled Over Pandemic Concerns
The organizer of IAA Commercial Vehicles 2020 has canceled the truck show scheduled for Sept. 24-30 in Hanover, Germany, due to the COVID-19 pandemic.
May 19, 2020Business, Technology, Equipment
Prestolite Electric Announces New Line of Alternators
Prestolite Electric, a global manufacturer and supplier of high-output alternators for original equipment manufacturers and the aftermarket, announced it will begin producing a new line of Leece-Neville IdlePro Extreme 24V 275-amp brushless alternators.
May 19, 2020Government, Business, Equipment
Trump to Announce Rules for Broad $19 Billion Farm Bailout
President Donald Trump is set to unveil rules May 19 for a $19 billion coronavirus farm aid package covering a broad swath of American agriculture that producers can begin claiming by next week.
May 19, 2020Business, Equipment, Logistics
Comcar Industries Declares Bankruptcy
Comcar Industries announced May 17 it is filing for Chapter 11 bankruptcy protection and plans to sell its five operating companies as part of the legal process.
May 18, 2020Business, Equipment
US Trailer Orders Hit 30-Year Low in April
U.S. trailer orders in April fell to a 30-year low amid severe recessionary pressures, FTR reported.
May 18, 2020Business, Equipment
Palmer Trucks Adds Indiana Dealership
Palmer Trucks announced its dealership in Louisville, Ky., was scheduled to open a new Kenworth Truck Co. parts and service dealership in Sellersburg, Ind., with limited services May 18 and with tentative plans to offer full service beginning June 1.
May 15, 2020Government, Business, Equipment, Logistics
Daimler Halts SUV Production at US Plant Over Mexico Parts Delays
Daimler AG is suspending production at a Mercedes-Benz SUV plant that was one of the first in the U.S. to reopen due to a shortage of parts supplied from Mexico.
May 15, 2020Business, Equipment
Wabash Reports Q1 Net Loss, Revenue Drop
Wabash National Corp. reported a first-quarter net loss and lower revenue.
May 14, 2020Business, Equipment
Medium-Duty Sales in April Fall, but Some Positives Seen in Lighter Segments
U.S. retail sales of medium-duty trucks were supported in an otherwise abysmal April by a modest gain in the lighter segments. Overall sales fell 29% compared with a year earlier, WardsAuto.com reported.
May 13, 2020