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Power management company Eaton Corp. reported first-quarter net income and revenue rose, and it reached record Q1 segment margins, or the amount of profit or loss produced by one component of a business.

North American Class 8 vehicle orders in April hit nearly 16,000 — less than half of those a year earlier — with slots for 2022 largely filled and little consistency for when truck makers will open build slots for 2023, ACT Research reported, citing truck makers’ preliminary data.

Meritor Inc. reported fiscal second-quarter net income dipped and revenue increased primarily driven by higher truck production in most global markets and pricing actions.

Cummins Inc. reported first-quarter net income fell as it posted all-time record quarterly revenue.

Stellantis NV will acquire the Share Now car-sharing venture formed by BMW AG and Mercedes-Benz AG, the latest shakeup in the industry as automakers struggle to make mobility services profitable.

Truck dealership Rush Enterprises Inc. reported net income more than doubled in the first quarter as revenue rose 27% compared with a year earlier.

Large verdicts against motor carriers have been increasing. Fleets that adopt dashcams are in a better position to defend against claims. This paper includes important information about the increasingly litigious landscape carriers operate in and the protection that dashcams provide. 

Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd., known as Foxconn, dragging out the closure of the vital partnership and offering no guarantee that it will get done.