Continental AG, Europe’s second-biggest supplier of car parts, warned the global bottleneck in chip supply and raw material cost inflation will drag on the auto industry through the rest of the year.
August 5, 2021Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Meritor Rides Truck Market to Higher Fiscal Q3 Results
Meritor Inc. reported increases in net income and revenue for its fiscal third quarter amid gains in the North American truck market.
August 4, 2021Omnitracs Adds PrePass to Platform
Omnitracs has entered into a partnership with PrePass Safety Alliance to provide PrePass, the weigh station bypass application, on its Omnitracs One platform.
August 4, 2021Despite Chip Shortage, GM Posts $2.8 Billion Profit
DETROIT — Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter.
August 4, 2021Nikola's Financial Loss Widens in Second Quarter
Nikola Corp. posted a widening second-quarter financial loss as the electric vehicle startup said it is moving forward despite financial setbacks and the federal indictment of its former leader.
August 3, 2021Cummins Posts Strong Q2 Results
Cummins Inc. reported second-quarter net income and revenue soared, powered by North American engine sales. At the same time, the company announced it was exploring what it called “strategic alternatives” for its filtration business unit.
August 3, 2021Daseke Reports Higher Profit, Revenue for Q2
Daseke Inc. saw earnings and revenue increase during the second quarter, the company reported Aug. 3.
August 3, 2021Isaac Instruments Selects Mike Stapleton for VP Position
Isaac Instruments announced July 26 that Mike Stapleton has been appointed to serve as vice president of industry relations.
August 3, 2021Stellantis Pumps Up Profitability Forecast in Earnings Debut
Stellantis NV raised its full-year profitability outlook substantially as strong demand and pricing carried the carmaker to much better-than-expected results for the first half.
August 3, 2021ZF Taps Wilhelm Rehm to Lead Forthcoming CV Unit
ZF Friedrichshafen AG announced it appointed Wilhelm Rehm to head its forthcoming new commercial vehicle solutions division as it pursues what the company called its ambitious commercial vehicle growth strategy worldwide.
August 2, 2021