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, 2014Business
OEMs Post Mixed Quarterly Earnings
Truck manufacturers Daimler Trucks and Paccar Inc. posted higher third-quarter profits, but Volvo AB reported lower earnings.
November 4, 2013Business
OEMs Object to Test Plan For Stability Control Rule
WASHINGTON — While expressing support for a proposed electronic stability control mandate for heavy vehicles, the companies that make those vehicles strongly objected to the regulation’s test procedure for getting vehicles certified and urged federal regulators to consider alternative tests.
July 30, 2012Business
Class 8 Truck Orders Soar
Orders for new Class 8 trucks in North America jumped 85% in May compared with a year ago, and manufacturers said component shortages — particularly axles and tires — were affecting output.
June 13, 2011Business
More Foreign Competition Seen Hurting North American OEMs
Low-cost commercial vehicle producers in Russia, India and China are poised to push North American OEMs out of truck markets in emerging nations within four years, according to a study by AlixPartners LLP.
September 27, 2010