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TA Reports Strong Q2 Net Income, Revenue

TravelCenters of America Inc. reported second-quarter net income more than doubled and revenue soared amid favorable fuel purchasing conditions.

August 3, 2022

Eaton Q2 Income Up; Revenue Flat

Eaton Corp. reported second-quarter net income rose and revenue was flat while segment margins were 20.1%, a quarterly record and above the high end of the guidance.

August 3, 2022

Nikola Overcomes Founder’s Opposition to Approve New Shares

Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.

August 3, 2022

Volvo Plans to Make Its Own Batteries in Electric Truck Shift

Volvo AB plans to build a “large-scale” battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.

August 3, 2022

Cummins in Q2 Notches Highest-Ever Quarterly Revenue

Cummins Inc. in Q2 posted all-time record quarterly revenue and solid profitability reflecting strength primarily in the North American market, the company announced Aug. 2.

August 3, 2022

Pelosi’s Taiwan Trip Spurs CATL to Pause EV Battery Plant Plans

A giant Chinese supplier of electric vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla Inc. and Ford Motor Co. due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter.

August 2, 2022

Alaskans Help State Officials Prepare for EV Charging

The Alaska Energy Authority is working to overcome public perception barriers of cold climate performance, driving range anxiety and high electricity demand charges in its electric vehicle infrastructure push.

August 2, 2022

Mack Trucks Introduces First EV Dealer for New York

Gabrielli Truck Sales has become Mack Trucks’ first certified electric vehicle dealer in New York, it was announced July 28.

August 2, 2022

Traton Group Reports Big Revenue Gains in First Half

Navistar parent company Traton Group in July reported strong operating results and revenue for the first half of 2022, despite what it called an extremely challenging market.

August 2, 2022

Western Star Launches 57X Class 8 Model

YPSILANTI, Mich. — Western Star is launching a new Class 8 over-the-road model that parent company Daimler Truck North America promises will deliver on the niche brand’s reputation for dependability and toughness, while adding advanced safety, driver comfort and fuel efficiency features.

August 2, 2022