The work of untangling the company’s finances is left to Charles Moore, a restructuring expert hired last month during rushed negotiations between the company and its top creditors.
October 14, 2025Search
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Freight Recession Claims Another in Montgomery Transport
The Birmingham, Ala.-based firm ceased operations after a deal to sell the company to an affiliate of fellow Birmingham-based carrier PS Logistics collapsed.
October 10, 2025Daimler and Toyota Name Truck Venture Archion
The joint venture partners aim to each hold a 25% stake in the JV, with the remaining shares set to be listed on the Tokyo Stock Exchange’s prime market for large corporations.
October 10, 2025First Brands’ Official Creditor Committee Includes Top Foe
Raistone has demanded a court-appointed examiner investigate First Brands, claiming in court papers that as much as $2.3 billion “simply vanished” from the company.
October 10, 2025Stellantis Shipments Jump 13% on Rise in North America
North American shipments jumped 35%, as Stellantis reintroduced popular models like the V8-powered Ram 1500 pickup.
October 10, 2025How to Keep Trucking's Roadside Technicians Safe
Distracted drivers can pose a major safety threat to remote repair technicians working on trucks along the shoulder of a highway.
October 10, 2025How to Combat the Technician Shortage
The technician shortage that fleets and service providers/dealers face is a nuanced phenomenon, and perhaps more complex than many may realize.
October 10, 2025First Brands Exposure of $1.75 Billion Hits Japanese Venture
A joint venture between Norinchukin Bank and Japanese trading house Mitsui & Co. faces $1.75 billion of exposure to bankrupt auto parts supplier First Brands Group, court documents show.
October 9, 2025Ford Delays Lithium Supply Deal Amid EV Struggle
Ford has forecast it could lose as much as $5.5 billion on EVs this year.
October 9, 2025Class 8 Truck Orders Slide 44% as Tariffs Strain
ACT Research preliminary data showed orders decreased 44% year over year to 20,800 units. But they increased 57.6% from the 13,200 units reported in August.
October 9, 2025