Equipment

Daimler AG, the parent company of Mercedes-Benz and Daimler Trucks, announced it will eliminate thousands of jobs worldwide by the end of 2022 amid weakening car sales in China and the costly push to develop electric vehicles.

WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.

The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.

Wabash National Corp., the nation’s largest manufacturer of trailers and liquid transportation systems, announced Nov. 25 that board Chairman Martin Jischke is retiring after the 2020 annual stockholder’s meeting.