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Nikola Posts Q2 Loss, Stays Focused on Growth Strategy

Just months after becoming a publicly traded company, Nikola Corp. reported that net losses widened versus year-ago levels as the company continues investing in the buildup toward the introduction of its electric trucks.

August 5, 2020

Meritor Reaches Brake Shoe Production Milestone

Meritor Inc. recently produced its 100 millionth brake shoe at its Plainfield, Ind., manufacturing facility.

August 4, 2020

Eaton Posts Q2 Operating Loss in Vehicle Unit

Power management company Eaton Corp. reported sharp drops in net income and revenue in the second quarter as the novel coronavirus pandemic cut vehicle production at key customers.

August 4, 2020

HDMA President, COO Tim Kraus Plans to Retire

Heavy Duty Manufacturers Association President Tim Kraus plans to retire early next year, the organization announced Aug. 3.

August 3, 2020

Penske Truck Leasing Adds Core-Mark as EV Customer

Penske Truck Leasing announced longtime customer Core-Mark Holding Co. deployed one of Penske’s Class 8 battery-electric Freightliner eCascadias into its fleet.

August 3, 2020

Meritor Names Hannah Lim-Johnson Chief Legal Officer

Meritor Inc. announced Hannah Lim-Johnson joined the company as chief legal officer.

August 3, 2020

Brake Suppliers Invest in Sensing Technology

Integrating braking systems with sensors and telematics can enable more timely maintenance, reduce unplanned downtime and optimize component life while supporting “brake health.â€

August 3, 2020

Penske Truck Leasing Introduces Mobile Remote Service Check-In

Penske Truck Leasing has introduced a remote service check-in through a mobile app upgrade, the company announced July 27.

July 31, 2020

Year-Over-Year Average Price for Used Class 8 Trucks Drops Again

The year-over-year average price of a used Class 8 vehicle in June declined for the 14th consecutive month.

July 30, 2020

Meritor Posts Fiscal Q3 Loss, Steep Revenue Decline

Meritor Inc. reported a net loss and a broad decline in revenue in its fiscal-year third quarter amid decreased customer demand.

July 30, 2020