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Fleetio, a software firm that helps companies manage their vehicle fleets, has raised $450 million in late-stage venture funding to help finance a takeover of Auto Integrate.

President Donald Trump lauded plans by Hyundai to expand in the U.S., casting it as a vindication of his use of tariffs to pressure foreign manufacturers to create American jobs. 

Hon Hai Precision Industry, known as Foxconn, has secured an agreement to make Mitsubishi EVs, scoring the first major customer for its fledgling EV contract manufacturing business.

Executives at two of North America’s largest truck makers say questions over the impact of potential tariffs is muddying an already opaque outlook for U.S. Class 8 truck sales.

U.S. trailer orders continued to trend below the previous year in February after a short-lived but strong uptick the previous month, ACT Research reported.

There are many uses for AI programs for moving companies — and for-hire carriers in general — executives said. But preparation is key to their effective use.

Tesla recalled all the Cybertrucks it produced and sold in the first 15 months it has been on the U.S. market over pieces of steel trim that can separate from the vehicle.

Kenworth will stop making three of its legacy 1.9-meter cab Class 8 tractors in 2026, including the W900, the first examples of which began rolling off the production line as far back as 1963.

Stellantis Chairman John Elkann says Europe’s auto manufacturers don’t need the defense industry to survive, after some governments called on carmakers to contribute to a defense push.