91ÊÓƵ

Heavy-duty commercial truck and trailer component manufacturer ConMet bought TruckLabs, whose products include the tractor-mounted TruckWings aerodynamic device, it said.

The average diesel price posted its third straight substantial decline, falling 7.2 cents to hit $4.294 a gallon, according to Energy Information Administration data released Nov. 13.

Volvo Group will acquire the battery business of Proterra Inc. and Proterra Operating Co., the businesses said separately.

Goodyear posted a loss in the third quarter on the back of weak conditions in its truck business, a fire at a Polish factory and an ongoing reorganization, the tire maker said.

Westport Fuel Systems expects definitive agreements for its high-pressure gas-injection fuel system joint venture with Volvo Group to be signed by the end of January, executives said.

Hyliion Holdings Corp. plans to exit the Class 8 electric powertrain business, the company said Nov. 8, less than a month after beginning a strategic review of its options for the unit.

Hyzon Motors plans to begin testing the next generation of its Class 8 hydrogen fuel cell electric trucks with U.S. customers in the first quarter of 2024.

Continental AG slashed its expectations for North American commercial vehicle replacement tire sales in 2023.

Profits at Daimler Truck Holding AG in the third quarter fell on the back of lower sales due to supply constraints and the absence of a tax benefit that boosted the year-ago period’s results.

The national average diesel price fell 8.8 cents to settle at $4.366 a gallon, according to Energy Information Administration data released Nov. 6.