Haldex AB reported net income doubled in the first quarter as revenue rose 9% amid growing demand for the Scandinavian company’s brake adjusters, disc brakes and actuators.
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Dana Reports Rise in 1Q Net Income, Revenue
Dana Inc. reported April 30 first-quarter net income of $108 million, or 73 cents per share, on revenue of $2.1 billion, a 26% rise from $1.7 billion in the first quarter of 2017.
May 1, 2018DTNA Showcases Alternative-Fuel Cascadia Models
LONG BEACH, Calif. — Daimler Trucks North America presented two new Freightliner Cascadia trucks fueled on compressed natural gas as examples of its further expansion into alternative-fuel options.
May 1, 2018Kenworth Displays T680 Hybrid-Electric Tractor
LONG BEACH, Calif. — Kenworth Truck Co. unveiled for the first time a prototype T680 tractor equipped with a parallel hybrid-electric propulsion system that is part of California’s Hybrid Electric Cargo Transport demonstration project.
May 1, 2018Daimler Trucks North America Donates $1 Million to North Carolina School
Daimler Trucks North America, Thomas Built Buses’ parent company, donated $1 million to support High Point University’s Congdon Hall and Congdon School of Health Sciences.
May 1, 2018Allison Transmission Income, Revenues Jump in First Quarter
Allison Transmission reported first-quarter 2018 net income of $151 million, or $1.09 per share, up 82% from the $83 million, or 53 cents per share, of net income reported in the first quarter of 2017.
April 30, 2018M&K Truck Centers Promotes Pilecki to President
Truck dealership M&K Truck Centers promoted Ted Pilecki to president, effective immediately.
April 30, 2018Boxwheel Trailer Leasing Secures Equipment Financing
Recently formed Boxwheel Trailer Leasing announced it has received a significant capital investment from Crosstimbers Capital Group.
April 30, 2018HDA Truck Pride Adds Turbo Solutions to Network
HDA Truck Pride announced Turbo Solutions has joined its distribution network as a provider of remanufactured turbochargers.
April 30, 2018LG Acquires ZKW in Its Largest Takeover; Focus Shifts to Lighting Self-Driving Cars
South Korean electronics group LG aims to become the world leader in lighting self-driving cars, by taking over Austrian car lights specialist ZKW for an estimated $1.3 billion, LG announced April 26.
April 26, 2018