Purchases of new U.S. homes increased in November to the second-fastest pace in almost nine years as the beginning of a spike in mortgage rates persuaded buyers to quickly sign contracts.
December 27, 2016Business
Existing 91ÊÓƵ Sales Climb to Highest Level Since Early 2007
Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of Realtors data showed Nov. 22.
November 22, 2016Business
OEM Engines Grow Share
Class 8 engines from Daimler Trucks North America became the most installed in trucks leaving North American factories for the first half of 2016, surpassing those from longtime industry leader Cummins Inc.
August 15, 2016Business
OEMs, Suppliers Tested by Falling Sales, Generate Mixed Second-Quarter Results
Truck and trailer makers are usually profitable during the second quarter, but original equipment manufacturers and their largest suppliers reported they had to cope with falling sales year-over-year.
August 8, 2016Business
VW Diesel Settlement Possible Boon for Heavy-Duty Truck, Engine Manufacturers
Volkswagen AG’s recent legal settlement with states, territories and tribes for cheating on pollution tests requires it to pay $2.7 billion into an “environmental remediation fund" aimed at cleaning up the damage its cars have done, which could mean grants for new school buses, upgraded port facilities and cleaner tractor-trailers.
July 6, 2016Business
May Truck Orders Plunge 30%; OEMs Plan Additional Cutbacks
Class 8 truck orders in May plunged 30% year-over-year, two research firms said, underscoring two truck manufacturers’ recently announced plans to trim production for the second time this year.
June 13, 2016Business
Vertical Integration Among OEMs Could Limit Emissions Technologies, Experts Say
LONG BEACH, Calif. — Industry executives suggested vertical integration among truck makers will extend into emissions- and fuel-saving technologies in the future and ultimately limit the number of innovations.
May 4, 2016Business
OEMs Vie for Larger Share of Parts Market as Independent Distributors Add Services
The business of selling truck parts is changing as original equipment manufacturers and their dealers try to expand their share of the $30 billion market.
January 25, 2016Business
Strong 3Q Demand in North America Lifts Results for Paccar, Volvo, Daimler
Paccar Inc. and the global truck divisions of Daimler AG and Volvo AB reported higher third-quarter earnings, aided by gains in North America.
November 3, 2014Business
OEMs Report Strong 1Q Results
Truck maker Paccar Inc. and the truck divisions of Daimler AG and Volvo AB reported improved first-quarter results as economic growth and replacement demand continued to drive purchases in North America.
May 5, 2014