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Amerit Fleet Solutions said it secured a majority investment from New Mountain Capital, positioning the fleet maintenance provider for nationwide expansion.

The company, a subsidiary of ZO Motors, plans to manufacture zero-emission commercial vehicles at the new 210,000-square-foot plant, starting in the first half of 2025.

Honda said it is voluntarily recalling about 295,000 Honda and Acura vehicles to update the fuel injection electronic unit, a device that determines how much fuel enters the engine.

Renault SA wants a premium for its stake in Nissan Motor Co. if Honda Motor Co. takes over control of the rival Japanese automaker, according to people familiar with the matter.

Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent U.S. fuel economy rules, following through on one of President Donald Trump’s first directives.

M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.

Jake Montero will become the top executive at Peterbilt, replacing Jason Skoog, who had held the general manager position since March 2018.

The Bellevue, Wash.-based truck maker posted a profit of $872 million or $1.66 per diluted share in the fourth quarter of 2024, down 38.5% compared with $1.42 billion, $2.70, in 2023.

A truck leasing task force that studied the prevalence of predatory practices in truck lease-purchase agreements determined that truck drivers often fall prey to unscrupulous actors.