Delays Continue for Potential New FMCSA System to Score Carrier Safety
Nearly four years after it was first introduced, FMCSA has yet to make an official call on whether to incorporate the highly complex data method known as Item Response Theory — or IRT — into its Compliance, Safety, Accountability motor carrier safety rating program.
May 5, 2021Grote Appoints Brian Blanton Chief Financial Officer
Grote Industries announced Brian Blanton has joined the company as chief financial officer.
May 5, 2021Electric Car Startup Lucid Hires Waymo Veteran as Finance Chief
Lucid Motors Inc., the Saudi Arabia-backed electric vehicle maker going public via a reverse merger, has hired a former executive of Alphabet Inc.’s Waymo as chief financial officer.
May 5, 2021Stellantis CFO: Chip Shortage Impact Remains ‘Controlled’
MILAN — The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported May 5 a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.
May 5, 2021GM Profit Surges on Sales of Higher-Margin Pickups
DETROIT — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.
May 5, 2021Raimondo Calls for Surge in Chip Production
Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.
May 4, 2021Eaton Reports Q1 Stronger Than Expected
Power management company Eaton Corp. reported higher net income and flat revenue in the first quarter as businesses continue to recover from the pandemic.
May 4, 2021Tesla Told to Provide Documents Involving Musk Compensation
DOVER, Del. — A Delaware judge on May 3 ordered lawyers representing Tesla Inc. directors to turn over certain communications that CEO Elon Musk may have shared with the company’s top in-house attorneys before the board approved a compensation plan in 2018 that could net Musk more than $50 billion.
May 4, 2021Cummins Posts Higher Revenue, Income in Q1
Cummins Inc. reported first-quarter net income and revenue soared with recoveries in the North American truck and global construction markets.
May 4, 2021Matthias Jurytko to Head Daimler Truck AG-Volvo Fuel Cell Venture
Daimler Truck AG and Volvo appointed Matthias Jurytko as CEO of cellcentric, their new fuel cell development 50-50 joint venture. He is scheduled to assume the post June 1.
May 4, 2021