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Daimler AG, the parent company of Mercedes-Benz and Daimler Trucks, announced it will eliminate thousands of jobs worldwide by the end of 2022 amid weakening car sales in China and the costly push to develop electric vehicles.

An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year.

WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.

Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment.

The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.

Two thousand salaried Cummins employees will be laid off in the first quarter of 2020, the Columbus, Ind.-based engine manufacturer announced Nov. 25.

Wabash National Corp., the nation’s largest manufacturer of trailers and liquid transportation systems, announced Nov. 25 that board Chairman Martin Jischke is retiring after the 2020 annual stockholder’s meeting.

Tesla Inc. Chief Executive Officer Elon Musk said orders for its Cybertruck have climbed to 200,000 even after two windows unexpectedly shattered in the big reveal Nov. 21.

The Dayton, Ohio, area will soon be home to a new General Motors plant making components for Duramax diesel truck engines.