Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month.
August 5, 2021Search
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Uber’s Do-It-All Approach Stalls Pursuit of Profit
Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year.
August 5, 2021CVG Reaches Record Quarterly Revenue in Q2
Commercial vehicle supplier CVG reported higher second-quarter net income and record quarterly revenue as it continued to diversify its customer base and emphasize secular growth.
August 5, 2021Continental Sees Chips, Inflation Dragging on Auto Industry
Continental AG, Europe’s second-biggest supplier of car parts, warned the global bottleneck in chip supply and raw material cost inflation will drag on the auto industry through the rest of the year.
August 5, 2021Driverless Semi Reaches Milestone in Test, Plus Says
Driverless truck technology company Plus revealed Aug. 5 that it has completed a demonstration on a highway in China.
August 5, 2021Meritor Rides Truck Market to Higher Fiscal Q3 Results
Meritor Inc. reported increases in net income and revenue for its fiscal third quarter amid gains in the North American truck market.
August 4, 2021Omnitracs Adds PrePass to Platform
Omnitracs has entered into a partnership with PrePass Safety Alliance to provide PrePass, the weigh station bypass application, on its Omnitracs One platform.
August 4, 2021Nikola's Financial Loss Widens in Second Quarter
Nikola Corp. posted a widening second-quarter financial loss as the electric vehicle startup said it is moving forward despite financial setbacks and the federal indictment of its former leader.
August 3, 2021Isaac Instruments Selects Mike Stapleton for VP Position
Isaac Instruments announced July 26 that Mike Stapleton has been appointed to serve as vice president of industry relations.
August 3, 2021ZF Taps Wilhelm Rehm to Lead Forthcoming CV Unit
ZF Friedrichshafen AG announced it appointed Wilhelm Rehm to head its forthcoming new commercial vehicle solutions division as it pursues what the company called its ambitious commercial vehicle growth strategy worldwide.
August 2, 2021