Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter.
May 6, 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.
VTNA Makes Lytx Video Telematics an Option
Volvo Trucks North America announced onboard technology from Lytx is available on all model-year 2022 or newer Volvo trucks as a factory-installed option.
May 5, 2021Bill Would Create National EV Charging Network in Five Years
WASHINGTON — Rep. Andy Levin (D-Mich.) is reintroducing the EV Freedom Act, which seeks to build a nationwide electric vehicle charging network within five years.
May 5, 2021Grote Appoints Brian Blanton Chief Financial Officer
Grote Industries announced Brian Blanton has joined the company as chief financial officer.
May 5, 2021Electric Car Startup Lucid Hires Waymo Veteran as Finance Chief
Lucid Motors Inc., the Saudi Arabia-backed electric vehicle maker going public via a reverse merger, has hired a former executive of Alphabet Inc.’s Waymo as chief financial officer.
May 5, 2021Stellantis CFO: Chip Shortage Impact Remains ‘Controlled’
MILAN — The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported May 5 a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.
May 5, 2021April Class 8 Orders Cool; Supply Chain Woes Persist
Class 8 orders in April were 33,500, ACT Research reported, and the volume underscored how far the industry has rebounded from a year earlier when orders were the lowest since 1995.
May 5, 2021GM Profit Surges on Sales of Higher-Margin Pickups
DETROIT — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.
May 5, 2021Raimondo Calls for Surge in Chip Production
Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.
May 4, 2021Eaton Reports Q1 Stronger Than Expected
Power management company Eaton Corp. reported higher net income and flat revenue in the first quarter as businesses continue to recover from the pandemic.
May 4, 2021