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Q1 Auto Sales Grow 5.1% Despite High Interest Rates

DETROIT — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed.

April 5, 2024

Ford to Delay Production of New Electric Pickup, Large SUV

DETROIT — Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup.

April 4, 2024

Class 8 Truck Orders End Two-Month Positive Streak in March

North American Class 8 truck orders fell year-over-year and from the previous month during March, according to ACT Research.

April 3, 2024

Plunging Pickup Truck Sales Threaten Detroit’s Profit Engine

Sales of pricey pickup trucks at Stellantis, Ford and GM faltered in the first quarter, a sign that high borrowing costs are eroding Americans’ appetite for automakers’ main profit driver.

April 3, 2024

Car Shipper Takes $10 Million Hit From Bridge Collapse

Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.

April 3, 2024

Rivian Beats EV Production Estimates

Rivian Automotive built and delivered more electric vehicles last quarter than Wall Street expected, giving the automaker a boost as it grapples with production hurdles and heavy costs.

April 2, 2024

Tesla Sales Fall Way Short of Estimates

Tesla Inc. suffered its first year-over-year sales drop since the early days of the COVID pandemic.

April 2, 2024

Trucking Trade Groups Oppose EPA Phase 3 Rule

The Environmental Protection Agency’s Phase 3 emissions final rule has been met with widespread opposition by key players in the trucking industry.

March 29, 2024

EPA Sets Strict Emissions Standards for Heavy Trucks

WASHINGTON — The Environmental Protection Agency on March 29 set strict emissions standards for heavy-duty trucks, buses and other large vehicles.

March 29, 2024

Rizon EV Truck Deliveries Begin in California

Velocity EV announced March 27 that the first Rizon Classes 4-5 battery-electric cabover trucks are being delivered to customers throughout California.

March 28, 2024