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Daimler Truck Eyes Profit Rebound, Electric Rig in Spinoff Year

Daimler AG’s truck unit will focus on restoring earnings this year and start producing an electric big rig as it gets ready to separate from the larger Mercedes-Benz luxury-car division after more than a century.

February 25, 2021

Peterbilt Launches Updated Vocational Models 567 and 520

Peterbilt Motors Co. has updated its vocational Model 567 and 520 trucks, the company announced Feb. 24.

February 25, 2021

Ford CEO Farley Calls for Battery Production in US

Ford Motor Co. CEO Jim Farley said the U.S. must begin building batteries for the coming wave of electric vehicles in order to avoid supply disruptions like the semiconductor shortage now shutting American auto factories.

February 24, 2021

Kenworth T680E Eligible for CARB Incentives

Qualifying California purchasers of the new Kenworth T680E battery-electric vehicle are eligible for a $120,000 incentive voucher from the California Air Resources Board, Kenworth Truck Co. announced.

February 24, 2021

Biggest Electric School Bus Deal in US Approved in Maryland

A school system outside Washington is poised to become the nation’s biggest operator of electric school buses.

February 24, 2021

Tesla Shares Rally in Premarket Trading on ‘Buy the Dip’ Bounce

Shares in Tesla Inc. gained in U.S. premarket trading, indicating that investors are buying the dip following a four-day drop that erased the electric carmaker’s year-to-date gains.

February 24, 2021

Workhorse Passed Over as Oshkosh Wins USPS EV Contract

Electric-vehicle maker Workhorse Group Inc. plunged on Feb. 23, triggering multiple trading halts, after a key U.S. Postal Service contract that some had expected it to win went to rival Oshkosh Corp. instead.

February 24, 2021

BorgWarner Agrees to Buy Akasol AG for $915 Million

BorgWarner Inc. and Akasol AG have signed a business combination agreement intended to position BorgWarner to strengthen its commercial vehicle and off-highway battery systems business.

February 23, 2021

Daimler Truck AG Taps Cummins to Supply All Medium-Duty Engines

Daimler Truck AG and Cummins Inc. announced a global partnership for medium-duty diesel engine development and production, and are considering other potential collaborations.

February 23, 2021

Nikola Two Truck Will Run 900 Miles on Tank of Hydrogen, Company Says

Nikola Corp. announced updates on its zero-emission hydrogen fuel-cell electric commercial truck program as the company vied for attention beside other truck makers in an increasingly crowded space it helped create in 2016 with its introductory announcement.

February 23, 2021