OEM Suppliers’ 1Q Results Mixed Amid Weak Demand
First-quarter results varied among suppliers to U.S. commercial vehicle manufacturers for the period ended March 31.
May 15, 2017Truck, Trailer OEMs Post Profits in Lackluster Equipment Market
Three of the world’s largest heavy-duty truck makers reported profitable financial results last week after also benefiting from their other lines of businesses and some insulation from the North American market.
Greenkraft to Add Classes 6-7 Alternative Fuel Trucks to Production Mix
Truck maker Greenkraft Inc. announced plans to expand to a bigger factory in 2017 and also introduce a new line of alternative fuel Classes 6-7 cab-forward trucks called the G3 and G4, respectively, it said.
February 17, 2017OEMs Eke Out 2016 Profits; European Sales Strongest
Three of the world’s largest heavy-duty truck makers remained profitable in an anemic 2016, with fourth-quarter results revealing that European sales outpaced the North American market.
Existing US Homes Sales Fell in December, But 2016 Still Best in a Decade
Sales of previously owned U.S. homes declined more than forecast in December, data from the National Association of Realtors data showed Jan. 24. Still, sales for the full year were the strongest since 2006.
Sales of New Homes Rise to Second-Fastest Pace Since 2008
Purchases of new U.S. homes increased in November to the second-fastest pace in almost nine years as the beginning of a spike in mortgage rates persuaded buyers to quickly sign contracts.
Existing Home Sales Climb to Highest Level Since Early 2007
Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of Realtors data showed Nov. 22.
OEM Engines Grow Share
Class 8 engines from Daimler Trucks North America became the most installed in trucks leaving North American factories for the first half of 2016, surpassing those from longtime industry leader Cummins Inc.
OEMs, Suppliers Tested by Falling Sales, Generate Mixed Second-Quarter Results
Truck and trailer makers are usually profitable during the second quarter, but original equipment manufacturers and their largest suppliers reported they had to cope with falling sales year-over-year.
VW Diesel Settlement Possible Boon for Heavy-Duty Truck, Engine Manufacturers
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.