Westport Fuel Systems Q1 Loss Widens; Sales Fall, Costs Rise
Losses at Westport Fuel Systems Inc. widened in the first quarter of 2024 on the back of weaker revenue and inflationary cost increases.
TFI Buys Quebec-Based Truckload Carrier in Fourth 2024 Deal
TFI International acquired Quebec-based specialized truckload carrier Transport MJ Lavoie for an undisclosed sum, its fourth purchase so far in 2024.
Goodyear Q1 Loss Narrows as Restructuring Plan Takes Effect
Losses at tire manufacturer Goodyear narrowed in the first quarter of 2024 due in part to an ongoing restructuring that won positive reviews from analysts.
Nikola Q1 Loss Narrows; Cost of Truck Production Soars
Losses at Nikola in the first quarter narrowed year-over-year, and executives are more bullish than in previous quarters about the truck maker’s prospects even as production costs soar.
Daimler Unwraps Autonomous, Electric Demonstration Truck
Daimler Truck unveiled plans May 8 to begin operating an autonomous, battery-electric Freightliner eCascadia demonstration truck.
Detroit Reman Completes Expansion of Minnesota Facility
An expansion of Detroit Diesel Remanufacturing’s Hibbing, Minn., plant is complete, doubling the facility’s manufacturing and remanufacturing footprint, the division of DTNA said.
WattEV’s Bakersfield Battery-Electric Charging Depot Opens
WattEV opened a battery-electric charging depot in Bakersfield, Calif., on May 6, its largest yet, the company said.
Daimler Truck Q1 Profit Rises Even as Sales Fall
Daimler Truck profits rose year-over-year in Q1 2024, with executives and analysts more optimistic about the company’s North American business than its European operations.
UAW Members Ratify Four-Year Freightliner Labor Deal
United Auto Workers members ratified a four-year labor deal with Daimler Truck North America covering 7,400 mostly Freightliner employees, the union said May 4.
Eaton Q1 Profit Jumps 28.7% as Margins Increase
Profits at Eaton Corp. soared in the first quarter as sales and margins jumped at the component manufacturer’s largest reporting unit — Electrical Americas.