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Continental AG is exploring a sale of its turbocharger unit as the German auto-parts maker conducts a major restructuring to stem losses, according to people familiar with the matter.

Navistar International Corp. is on the verge of becoming a subsidiary of German truck maker Traton SE, a step analysts said is a positive development for both companies.

Volvo Group posted third-quarter declines in net income and revenue as truck orders rose but deliveries dropped.

Paccar Inc. reported sharply lower third-quarter net income and revenue as its aftermarket presence, financial services and rebounding truck production bolstered the results.

VTNA said it was awarded $21.7 million in federal and state grants to deploy 70 VNR Electric trucks in Southern California for regional freight distribution and drayage.

Traton SE announced Oct. 16 it had agreed to Navistar International Corp.’s condition of a per-share price of $44.50 and will acquire all shares it does not already own as part of a $3.7 billion purchase of the U.S. truck maker.

U.S. trailer orders in September went through the roof — preliminarily clearing 50,000 — to reach the third-highest monthly total ever, analysts said.

Oak Park, Mich.-based electric-vehicle startup Bollinger Motors on Oct. 15 said it will produce its own battery packs for its vehicles according to a new design it developed and for which it has submitted a patent.

Fiat Chrysler Automobiles NV agreed to invest as much as $1.1 billion (C$ 1.5 billion) in one of its two assembly plants in Canada as part of a tentative agreement reached with more than 9,000 local autoworkers.