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Category: Equipment

DRiV Incorporated to Spin From Tenneco

DRiV Incorporated to Spin From Tenneco

| February 14, 2019

New Aftermarket and Ride Performance Company expected to be one of the largest DRiV Incorporated is the name of the future publicly traded Aftermarket and Ride Performance company that will launch in the second half of this year, following Tenneco Inc.’s (NYSE: TEN) separation into two independent companies, Tenneco announced. Once it spins, DRiV™ will […]

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Goodyear Reports Q4 and Full-Year 2018 Results

Goodyear Reports Q4 and Full-Year 2018 Results

| February 11, 2019

Goodyear’s fourth quarter 2018 sales were $3.9 billion, down 5 percent from a year ago Driven by unfavorable currency translation and lower volume, these effects were partially offset by improvements in price/mix. Tire unit volumes totaled 40.7 million, down 3 percent from 42.0 million a year ago.  Replacement tire shipments were nearly flat compared with a year […]

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Tesla Acquires Maxwell Technologies

Tesla Acquires Maxwell Technologies

| February 11, 2019

Tesla’s Acquisition of Maxwell Technologies Should Reduce Battery Costs Tesla’s purchase of Maxwell Technologies is expected to finalize mid-2019. Maxwell Technologies, which already supplies lithium-ion batteries for EVs manufactured by other automakers, can help Tesla reduce the per kilowatt-hour costs of its batteries. Tesla said it will launch an all-stock exchange to buy all of […]

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Class 8 Orders Declined Sequentially and Year-Over-Year

Class 8 Orders Declined Sequentially and Year-Over-Year

| February 7, 2019

Preliminary North America Class 8 net order data show January, down 26% from December and 68% from year-ago January. ACT Research states that these numbers are preliminary. Complete industry data for January, including final order numbers, will be published by ACT Research in mid-February. “With near-record backlogs in both the medium and heavy-duty vehicle markets, […]

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Navistar Makes SiriusXM Standard Equipment in Canada on International Trucks.

Navistar Makes SiriusXM Standard Equipment in Canada on International Trucks.

| February 7, 2019

Long Haul drivers gain access to SiriusXM All Access comprehensive bundle of entertainment, sports and news programming available in the vehicle SiriusXM Canada, one of the country’s leading audio entertainment company, today announced that SiriusXM radios are now standard equipment in Canada on International Truck’s entire collection of on-highway tractors – the LoneStar®, LT®Series and RH™ Series. Additionally, […]

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Cummins Announces Fourth Quarter and Full Year 2018 Results

Cummins Announces Fourth Quarter and Full Year 2018 Results

| February 7, 2019

Fourth quarter sales in North America improved by 17 percent while international revenues increased by 6 percent led by growth in Europe, Asia Pacific, and Latin America. Increased truck production in North America and stronger demand in global construction and power generation markets drove the majority of the revenue increase. Currency negatively impacted revenues by […]

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