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Allison Transmission's profit and revenue rose in the fourth quarter of 2024 on the back of increased Class 8 vocational North American on-highway demand, the company said Feb. 11.

French carmaker Renault SA is Nissan’s biggest shareholder with a 36% stake — a holding that Hon Hai Precision Industry Co. on Feb. 12 signaled it’s open to buying.

Truck maker Isuzu North America will build a manufacturing facility in Piedmont, S.C., that is expected to be operational by 2027, the company said.

Exhibitors and speakers at the annual event presented innovations and shared strategies aimed at helping transportation companies adapt to a changing business environment.

Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses.

Carrier Global overcame weaker demand for refrigeration units from the North American trucking sector to post higher profit and sales in the fourth quarter of 2024, the company said Feb. 11.

Ford CEO Jim Farley will travel to Washington on Feb. 12 to warn Congress that the 25% tariffs President Donald Trump has proposed on Canada and Mexico would “blow a hole” in the auto industry.

The driver shortage in the trucking industry continues, and longhaul routes remain the most vexing issue, according to experts.

Accuride’s U.S. and Canadian businesses filed for Chapter 11 bankruptcy protection in October with liabilities of between $500 million and $1 billion.

Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB.