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Profits at Cummins Inc. rose to $720 million in the second quarter of 2023 from $702 million in the year-ago period on the back of a jump in sales, including at newly acquired Meritor.

A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a stock fervor.

Industry leaders have been working to give the basic piston engine an extended life usingÌýgreener fuels as they allow reduced cost of fuel while at the same time reducing greenhouse gases.

Carrier Global Corp. reported a narrowed second-quarter profit of $199 million, down from $573 million in the year-ago period.

Carrier Transicold is rolling out two additional models in its Vector trailer refrigeration product line, the company said.

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WASHINGTON — A coalition of freight stakeholders called for greater emphasis on the heavy-duty sector as federal lawmakers and regulators prioritize electric vehicles nationwide.

MILAN — Stellantis on July 26 reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe.

Autonomous technology developer Aurora says it has set itself up financially for up to the next two years with a new round of public and private funding.Ìý

DETROIT — Despite taking on a huge chunk of an expensive electric vehicle recall, General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago.Ìý