OEM News Updates

TCA

Navistar to Lay Off More Than 80 Ohio Workers

Navistar will lay off more than 80 workers at its Ohio Truck Specialty Center in Springfield, Ohio, beginning in early August, according to a notice the truck manufacturer filed with the Ohio Department of Job and Family Services.

June 7, 2017
Business

OEM Suppliers’ 1Q Results Mixed Amid Weak Demand

First-quarter results varied among suppliers to U.S. commercial vehicle manufacturers for the period ended March 31.

May 15, 2017
Business

Truck, Trailer OEMs Post Profits in Lackluster Equipment Market

Three of the world’s largest heavy-duty truck makers reported profitable financial results last week after also benefiting from their other lines of businesses and some insulation from the North American market.

May 1, 2017
Business

Greenkraft to Add Classes 6-7 Alternative Fuel Trucks to Production Mix

Truck maker Greenkraft Inc. announced plans to expand to a bigger factory in 2017 and also introduce a new line of alternative fuel Classes 6-7 cab-forward trucks called the G3 and G4, respectively, it said.

February 17, 2017
Business

OEMs Eke Out 2016 Profits; European Sales Strongest

Three of the world’s largest heavy-duty truck makers remained profitable in an anemic 2016, with fourth-quarter results revealing that European sales outpaced the North American market.

February 6, 2017
Business

Existing US °®¶¹´«Ã½s Sales Fell in December, But 2016 Still Best in a Decade

Sales of previously owned U.S. homes declined more than forecast in December, data from the National Association of Realtors data showed Jan. 24. Still, sales for the full year were the strongest since 2006.

January 24, 2017
Business

Sales of New °®¶¹´«Ã½s Rise to Second-Fastest Pace Since 2008

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, 2016
Business

Existing °®¶¹´«Ã½ 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, 2016
Business

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, 2016
Business

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, 2016