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Archive for September, 2013
Two highly successful air quality programs designed to lower emissions from older diesel engines were included in a major legislative package signed into law by Californian Governor Jerry Brown on September 28, 2013. “The $2 billion ten-year package included continued funding for two major California clean diesel programs – the Carl Moyer Memorial Air Quality […]
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Cooper Tire & Rubber Company (NYSE: CTB) has announced that its stockholders voted to approve its pending merger with a wholly-owned subsidiary of Apollo Tyres Ltd (NSE: ApolloTYRE) with more than 74 percent of Cooper’s outstanding common shares voted in favor of the transaction. When finalized, the pending merger will result in a strategic business […]
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Volvo Trucks has announced that all model year 2014 Volvo engines will offer fuel efficiency improvements as a result of optimized and enhanced engine componentry. Customers purchasing a Volvo truck equipped with a 2014 Volvo D11, D13 or D16 engine will see an increase in fuel efficiency ranging from .5 to 2 percent, offering a […]
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Green Automotive Company (OTC: GACR) has announced that Ian Hobday has been named CEO with effect from the 1st September 2013. He will take on this role in addition to his current position as CEO of GAC’s UK subsidiary Liberty Electric Cars and will continue to be a Director of GAC. Hobday will be responsible […]
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According to the Chicago Tribune, following disappointing third-quarter results, Navistar International plans to cut 500 jobs globally by the end of October. Navistar lost $247 million in its third quarter ended July 31. It posted an $84 million profit year-ago. The truck maker blames a slower-than-expected recovery in its business and a loss of market […]
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According to WardsAuto data, wales of medium- and heavy-duty trucks slipped 8.4% in the U.S. in August, the sixth monthly loss for the group this year. Only Classes 4 and 7 posted gains over like-2012, as nearly every group’s performance could be traced to minor or major losses by beleaguered Illinois-based truck maker International. Class […]
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