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MILAN — The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported May 5 a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.

DETROIT — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.

Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.

Power management company Eaton Corp. reported higher net income and flat revenue in the first quarter as businesses continue to recover from the pandemic.

Cummins Inc. reported first-quarter net income and revenue soared with recoveries in the North American truck and global construction markets.

Daimler Truck AG and Volvo appointed Matthias Jurytko as CEO of cellcentric, their new fuel cell development 50-50 joint venture. He is scheduled to assume the post June 1.

As the trucking industry explores zero-emission technologies such as battery-­electric and hydrogen fuel cell vehicles, heavy-duty engine oil suppliers are applying less conspicuous methods of curbing airborne particulate matter and carbon emissions.

Meritor Inc. announced a milestone for its York, S.C., manufacturing facility that recently produced its 1 millionth air disc brake, contributing to Meritor’s production of more than 10 million air disc brakes worldwide since 1981.

Allison Transmission Holdings Inc. reported lower net income and revenue for the first quarter amid progress in addressing the COVID-19 pandemic.