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Michelin Weighs Shuttering More Plants on Europe Downturn

Michelin said Europe’s “difficult economic situation” is causing a drop in tire demand across different sectors that is leading to overcapacity in the region.

July 24, 2024

Volvo Trucks North America Offers CARB-Compliant Engine

Volvo Trucks North America announced the availability of a diesel engine that meets CARB requirements for nitrogen oxide and particulate matter emissions standards.

July 23, 2024

EV Output Is 45% Below Carmakers’ Expectations, Supplier Says

Carmakers are faced with significant overcapacity to make EVs because of softening demand with many turning back to development plans for combustion-engine cars, OPmobility SE reports.

July 23, 2024

GM Delays Electric Pickup Plant Second Time

General Motors will again push back the planned opening of an electric pickup truck plant in suburban Detroit and has delayed a Buick plug-in amid uncertain growth in battery-powered car sales.

July 23, 2024

General Motors Profit Rises 15% in Q2

DETROIT — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.

July 23, 2024

Task Force Continues to Examine Truck Purchase Agreements

Members of a specially appointed Truck Leasing Task Force recently concluded that many lease-purchase agreements don't give owner-operators a realistic chance to own their trucks.

July 22, 2024

Ontario Targets Predatory Towing Practices

Cracking down on predatory towing, Ontario now requires tow truck drivers and vehicle storage operators to have a certificate to operate in the first such move by a Canadian province.

July 22, 2024

Yokohama to Buy Goodyear’s OTR Tire Business for $905 Million

Yokohama Rubber Co. agreed to acquire Goodyear Tire & Rubber Co.’s off-the-road tire business for $905 million as part of the Japanese manufacturer’s global expansion plan.

July 22, 2024

Class 8 Sales Continue Trending Below Year-Ago Period

U.S. Class 8 retail sales in June experienced their 11th consecutive month of year-over-year declines, according to data from Wards Intelligence.

July 19, 2024