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Business, Technology, TCA

GM to Rename Michigan Plant ‘Factory Zero’

GM factory zero sign Carlos Osorio/AP

DETROIT — General Motors Co. on Oct. 16 renamed its Detroit-Hamtramck Assembly plant “Factory Zero,” a sign of GM’s deepening commitment to an electric future that insiders call “zero zero zero.”

Kalea Hall and Daniel Howes | The Detroit News
October 16, 2020
Business, Logistics, Top 50, Top 100

Marten Reports 8.8% Climb in Earnings; Revenue Ticks Up

Marten Transport truck For the first nine months of 2020, net income increased 10.1% to $49.9 million, or 60 cents per diluted share. (John Sommers II for Transport Topics)

Marten Transport saw net income increase 8.8% during the third quarter of 2020, the carrier reported Oct. 15.

Connor D. Wolf | Staff Reporter
October 16, 2020
Business, Technology, Equipment

Traton, Navistar Reach Agreement on $3.7 Billion Buyout

Navistar Navistar International Corp.

Traton SE announced Oct. 16 it had agreed to Navistar International Corp.’s condition of a per-share price of $44.50 and will acquire all shares it does not already own as part of a $3.7 billion purchase of the U.S. truck maker.

Roger Gilroy | Senior Reporter
October 16, 2020

Industrial Production Fell a Sharp 0.6% in September

oil pump jack A pump jack operates outside of Midland, Texas. (Matthew Busch/Bloomberg News)

WASHINGTON — U.S. industrial production fell 0.6% in September, the weakest showing since industrial output tumbled in the spring when the economy was slowed by widespread lockdowns resulting from the coronavirus.

Martin Crutsinger | Associated Press
October 16, 2020
Government, Business

Retail Sales Rose 1.9% in September, the Fifth Consecutive Month of Growth

retail store Sales associates greet a customer at a store in San Francisco. (Michael Short /Bloomberg)

NEW YORK — Retail sales in the U.S. rose 1.9% in September, the 5th consecutive month of growth.

Joseph Pisani | Associated Press
October 16, 2020
Business, Technology, Fuel

Nikola Shares Plunge After CEO Says Startup Can Go It Alone

Nikola HQ Nikola headquarters in Phoenix. (Ash Ponders/Bloomberg)

Nikola Corp. CEO Mark Russell sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.

Ed Ludlow | Bloomberg News
October 16, 2020
Government, Business, Technology, Fuel, Autonomous

GM’s Cruise Unit OK’d for Automated Tests in San Francisco

The GM Cruise Origin electric driverless shuttle The GM Cruise Origin electric driverless shuttle. (David Paul Morris/Bloomberg News)

General Motors Co.’s Cruise unit will be allowed to test autonomous vehicles on public roads in San Francisco without a safety driver, joining Amazon .com Inc.-backed Zoox Inc. and a handful of other self-driving startups.

Ed Ludlow | Bloomberg News
October 15, 2020
Business, Equipment

September Trailer Orders Surge Past 50,000

Great Dane trailer plant A trailer body in production at a Great Dane manufacturing plant. (Great Dane via YouTube)

U.S. trailer orders in September went through the roof — preliminarily clearing 50,000 — to reach the third-highest monthly total ever, analysts said.

Roger Gilroy | Senior Reporter
October 15, 2020
Business, Technology, Equipment, Fuel, TCA

Bollinger Motors to Build Battery Packs for Its Electric Trucks

The Bollinger battery pack Bollinger Motors has filed a patent for a streamlined battery pack. (PR Newswire)

Oak Park, Mich.-based electric-vehicle startup Bollinger Motors on Oct. 15 said it will produce its own battery packs for its vehicles according to a new design it developed and for which it has submitted a patent.

Breana Noble | The Detroit News
October 15, 2020
Government, Business

COVID-19 Relief Bill on Senate Floor Week of Oct.19, McConnell Says

Mitch McConnell Senate Majority Leader Mitch McConnell speaks to reporters after casting his vote in Louisville, Ky., on Oct. 15. (Timothy D. Easley/AP)

An emergency funding measure aimed at small businesses and sectors affected by the pandemic is expected to reach the floor of the U.S. Senate the week of Oct. 19, the chamber’s leader recently indicated.

Eugene Mulero | Senior Reporter
October 15, 2020