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OEM
Business

OEM Suppliers’ 1Q Results Mixed Amid Weak Demand

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First-quarter results varied among suppliers to U.S. commercial vehicle manufacturers for the period ended March 31.

May 15, 2017
Business

Truck, Trailer OEMs Post Profits in Lackluster Equipment Market

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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.

Jonathan S. Reiskin and Roger Gilroy | Staff Reporters
May 1, 2017
Business

Greenkraft to Add Classes 6-7 Alternative Fuel Trucks to Production Mix

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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, 2017
Business

OEMs Eke Out 2016 Profits; European Sales Strongest

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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.

Jonathan S. Reiskin | Associate News Editor
February 6, 2017
Business

Existing US Homes Sales Fell in December, But 2016 Still Best in a Decade

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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.

Sho Chandra and Patricia Laya | Bloomberg News
January 24, 2017
Business

Sales of New Homes Rise to Second-Fastest Pace Since 2008

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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.

Michelle Jamrisko | Bloomberg News
December 27, 2016
Business

Existing Home Sales Climb to Highest Level Since Early 2007

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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.

Sho Chandra | Bloomberg News
November 22, 2016
Business

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.

Roger Gilroy | Senior Reporter
August 15, 2016
Business

OEMs, Suppliers Tested by Falling Sales, Generate Mixed Second-Quarter Results

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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.

Roger Gilroy | Senior Reporter
August 8, 2016
Business

VW Diesel Settlement Possible Boon for Heavy-Duty Truck, Engine Manufacturers

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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.

Bradley Joseph Saacks | Bloomberg News
July 6, 2016

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