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Preliminary net data showed orders increased 6,600 units when compared with last year. This year's monthly results have been split between positive and negative prior-year comparisons.

Applied Intuition expects to use the funds to develop its next phase of vehicle intelligence products and expand the company’s product roster and team.

Bankrupt Class 8 hydrogen fuel cell tractor manufacturer Nikola’s administrators are finalizing plans for the sale of the company's intellectual property.

U.S. medium-duty truck sales fell below prior-year levels again in May, marking the ninth time in 12 months that sales have declined year over year, according to data from Wards Intelligence.

Electric aircraft maker Archer Aviation expects its defense-related sales to outstrip commercial air taxis in the short term.

Truck parts distributor Transaxle with facilities in 11 states is closing after an unsuccessful attempt to sell the company.

Eaton agreed to buy defense and aerospace systems company Ultra Precision Control Systems from private equity firm Advent for $1.55 billion.

Ford continues to struggle to obtain rare earth magnet supplies that are essential to car production and have already forced a temporary shutdown of one of its factories.

The Labor Department reported June 12 that its producer price index rose 2.6% in May. Producer prices rose 0.1% from April to May after dropping 0.2% the month before.

The loan, which is being provided by Deutsche Bank and other senior Marelli lenders, will need to be approved in two stages, which is typical in large corporate bankruptcy cases.