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The companies say the collaboration is focused on helping fleets improve efficiency, driver comfort and reliability.

The work of untangling the company’s finances is left to Charles Moore, a restructuring expert hired last month during rushed negotiations between the company and its top creditors.

The Birmingham, Ala.-based firm ceased operations after a deal to sell the company to an affiliate of fellow Birmingham-based carrier PS Logistics collapsed.

The joint venture partners aim to each hold a 25% stake in the JV, with the remaining shares set to be listed on the Tokyo Stock Exchange’s prime market for large corporations.

Raistone has demanded a court-appointed examiner investigate First Brands, claiming in court papers that as much as $2.3 billion “simply vanished” from the company.

North American shipments jumped 35%, as Stellantis reintroduced popular models like the V8-powered Ram 1500 pickup.

Distracted drivers can pose a major safety threat to remote repair technicians working on trucks along the shoulder of a highway.

The technician shortage that fleets and service providers/dealers face is a nuanced phenomenon, and perhaps more complex than many may realize.

A joint venture between Norinchukin Bank and Japanese trading house Mitsui & Co. faces $1.75 billion of exposure to bankrupt auto parts supplier First Brands Group, court documents show.

Ford has forecast it could lose as much as $5.5 billion on EVs this year.