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Daimler Truck North America aims to increase its margins in the second half of the 2020s, accentuating a position as the key engine of growth for parent company Daimler Truck.

 Daimler Truck North America is taking aim at expanding its presence in the heavy vocational market while recognizing the challenge its rivals are lodging to its dominance in the over-the-road segment.

The National Motor Freight Traffic Association is moving toward a density-based freight classification system in a major update that is set to go into effect July 19.

Truck maker Paccar, parent company of Kenworth and Peterbilt, will lay off 175 employees in its Sainte-Therese, Quebec, plant over weakening demand, according to local union Unifor.

A Rivian-backed startup developing small electric vehicles was valued at $1 billion in a new investment from Greenoaks Capital, according to people familiar with the matter.

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.

“I believe the tariff on copper we’re going to make it 50%,” President Donald Trump said when asked by a reporter what the rate on those products would be.

A spokesperson said the Michigan facility is on schedule to open next year and will ultimately employ 1,700 workers as the company had projected when it downsized the project in late 2023.

An electric car by U.S. manufacturer Lucid has broken the record for the longest journey off a single charge, traveling 749 miles from St. Moritz to Munich.

Fresh off its $1.78 billion acquisition of an inspection technology firm, Wabtec said July 7 that it is buying Austrian wheel sensor maker Frauscher Sensor Technology Group.