Eaton Corp. posted net income of $744 million in the second quarter of 2023, a 23.8% increase compared with a $601 million profit in the same period a year earlier.
August 2, 2023Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Nikola Begins Production of Hydrogen Fuel Cell Class 8 Truck
Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.
August 2, 2023UAW to Show List of Economic Demands to Automakers This Week
DETROIT — The United Auto Workers union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week, the union’s president says.
August 2, 2023Daimler Truck Q2 Profit Rises on Sales Tailwind
Daimler Truck posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1.
August 1, 2023Nikola Stock Surges as Retail Investors Pile In
A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a stock fervor.
August 1, 2023Caterpillar Defies Slowdown Fears as Profit Tops Estimates
Caterpillar shook off concerns of a global slowdown in economic activity, posting profit that exceeded Wall Street’s expectations amid demand for the company’s iconic yellow machinery.
August 1, 2023Allison Q2 Profit Jumps on Strength of On-Highway Sales
Allison Transmission Holdings Inc. reported net income of $175 million in the second quarter of 2023, up 43% compared with $122 million in the same period a year earlier, the company said.
July 28, 2023Technology Fuels a New Future for Internal Combustion Engine
Industry leaders have been working to give the basic piston engine an extended life using greener fuels as they allow reduced cost of fuel while at the same time reducing greenhouse gases.
July 31, 2023Spero, Colantuone, Hicks Take It to the Next Level
WINDSOR LOCKS, Conn. — Anthony Spero, William Colantuone and Joe Hicks claimed titles at the New England Tri-State Truck Driving Championships to punch their tickets for nationals.
July 28, 2023Carrier Global Q2 Profits Pegged Back by Sale Charge
Carrier Global Corp. reported a narrowed second-quarter profit of $199 million, down from $573 million in the year-ago period.
July 28, 2023