ZF Friedrichshafen AG announced it is investing $200 million in commercial vehicle transmission manufacturing in North America.
February 9, 2021Search
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DTNA Announces Detroit Brand ePowertrain
Daimler Trucks North America announced its proprietary Detroit ePowertrain for the upcoming Freightliner eCascadia and Freightliner eM2 models, and plans a $20 million investment in its Detroit brand manufacturing facility that will serve as the North American source of Detroit ePowertrain components.
February 9, 2021Hyzon SPAC Merger Includes $400 Million Investment
Fuel cell truck startup Hyzon Motors Inc. agreed to a merger with blank-check company Decarbonization Plus Acquisition Corp. in a deal that values the two combined at more than $2 billion.
February 9, 2021Daimler Restructuring ‘Dream Come True,’ Martin Daum Says
The head of Daimler’s global truck operation believes the upcoming restructuring into a separate company positions it to accelerate growth in terms of both innovation and financial opportunity.
February 8, 2021Ford to Cut Back F-150 Production Due to Chip Shortage
CHARLOTTE, N.C. — Ford Motor Co. said Feb. 4 that it will cut shifts at two of its U.S. manufacturing plants next week, due to the worldwide chip shortage that also has impacted other automakers.
February 5, 2021Cummins Posts Higher Q4 Earnings, Revenue
Cummins Inc. reported higher earnings and revenue in the fourth quarter amid gains in both its engines and components business segments in China and India.
February 4, 2021Meritor Reports Lower Fiscal-Year Q1 Earnings, Revenue
Meritor Inc. reported a decline in net income, largely due to interest expenses, and a dip in revenue during its fiscal first quarter.
February 3, 2021California Leads in Electric Vehicle Policies, Practices, Energy Nonprofit Says
California is by far the national leader in enabling the use of electric cars and medium- and heavy-duty electric trucks, according to a state-by-state evaluation of electric vehicle policies and practices compiled by a leading nonprofit energy efficiency group.
February 3, 2021Eaton Reports Higher Q4 Net Income
Power management company Eaton Corp. reported higher fourth-quarter net income and a decline in revenue.
February 3, 2021Ryder Expands Truck, Trailer Sharing Service
Ryder System Inc. expanded its truck ride-sharing program into California, Tennessee and North Carolina, the company announced Jan. 27.
January 29, 2021