American Tire Distributors, which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.
October 23, 2024Government, Business, Equipment, Private
American Tire Seeks Bankruptcy After Deal With Lenders
Business, Equipment
Paccar Q3 Profit Falls 20.9%, Tops Analyst Expectations
Paccar Inc.’s profit in the third quarter fell as the truck market continues to normalize, but still beat analyst expectations.
October 22, 2024Business, Equipment
Stellantis Sees Ram Sales Rebound as Inventories Shrink
Ram brand sales are up 35% to 40% so far in October, Ram and Chrysler CEO Chris Feuell said at a Reuters automotive conference in Detroit Oct. 22.
October 22, 2024Government, Technology, Equipment, Safety
Litigants Allege EPA Cannot Legally Mandate Electric Trucks
EPA lacks legal authority to mandate electric vehicles, according to a court brief filed by a coalition of 24 states and various economic interests seeking federal appellate court review.
October 22, 2024Business, Equipment
General Motors Posts Q3 Profit of $3 Billion
DETROIT — U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.
October 22, 2024Business, Equipment
Auto Supplier Dana Exploring Sale of Off-Highway Unit
Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.
October 18, 2024Business, Equipment
Volvo Q3 Profit Falls 28.5% on Market Downturn, Mack Issues
Volvo Group profit fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenue and margin.
October 18, 2024Government, Business, Technology, Equipment, Safety
BMW Recalls 700,000 Cars in China Over Coolant Pump Issues
Models affected include locally made 3 Series and 5 Series vehicles, as well as several imported X Series SUVs.
October 18, 2024Business, Equipment
Oklahoma Woman Wins the Last Peterbilt Model 389x Built
NASHVILLE, Tenn. — An Oklahoma woman won Rush Truck Centers’ sweepstakes to give away the last Peterbilt Model 389x produced.
October 17, 2024Business, Technology, Equipment, Fuel, Logistics
EV Manufacturer Revoy Unveils Ryder as First Customer
Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.
October 17, 2024