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Cummins to Acquire N.C. Engine Company

Diesel engine maker Cummins Inc. said Friday it concluded joint ventures with two companies and that it will purchase a stake in a North Carolina engine company, which will become a Cummins unit.

July 18, 2008

Eaton Reports Higher 2Q Income, Trims Forecast

Vehicle parts manufacturer Eaton Corp. said Tuesday its second-quarter net earnings jumped 35% led by more acquisitions, but the company trimmed its earnings forecast for the year.

July 15, 2008

Cummins Boosting Dividend by 40%

Diesel engine maker Cummins Inc. said Tuesday it will boost its quarterly cash dividend by 40%, to 17.5 cents per share, from 12.5 cents per share.

July 8, 2008

Nokia Gets Antitrust Approval for Navteq Acquisition

Finnish mobile phone maker Nokia received European antitrust approval to complete its $8.1 billion purchase of Navteq Corp., a Chicago-based provider of digital maps for in-vehicle navigation systems.

July 3, 2008

Bendix to Offer Automatic Braking for Heavy-Duty Trucks in 4Q

WASHINGTON — Bendix Commercial Vehicle Systems LLC demonstrated here the automatic braking system for heavy-duty trucks it will offer starting in the fourth quarter.

July 7, 2008

ArvinMeritor to Acquire European Remanufacturer

Heavy-duty components maker ArvinMeritor Inc. said it will buy Trucktechnic, a Belgium-based remanufacturer and distributor of commercial vehicle disc and foundation brakes and components.

July 3, 2008

Michelin Boosting U.S. Tire Prices

Tire maker Michelin & Cie. is boosting commercial truck replacement tire prices by as much as 8% in North America, Bloomberg reported.

July 2, 2008

Eaton Names Palchak Automotive Group CEO

Heavy-duty truck and auto components maker Eaton Corp. said Thursday it named Joseph Palchak chief executive officer of its automotive group.

June 26, 2008

Ryder Offers New GPS Tool

Ryder System is offering its customers a new high-tech tool to help its customers save fuel, the Miami Herald reported Monday.

June 23, 2008