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Even as manufacturing of electrolyzers grows, the hydrogen-making devices barely address the...
Engine and power systems maker Cummins Inc. reported higher third-quarter sales across all segments and raised its full-year revenue estimate despite softening business conditions expected in Q4.
Cummins reported Q3 revenues of $8.4 billion, 15% ahead of the same quarter a year ago. It beat the $8.1 billion consensus of analysts surveyed by investor site Seeking Alpha. Five percent of the total sales increase resulted from the $3.7 billion acquisition of Meritor Inc. that closed in August 2022,...
https://www.freightwaves.com/news/cummins-ups-full-year-revenue-estimate-but-expects-q4-slowdown
Hyliion Holdings is pausing orders of its Hypertruck ERX heavy-duty natural gas-electric powertrain as part of a strategic review.
“Hyliion, like others, has experienced slower-than-anticipated market adoption as fleets undertake a gradual transition to electric trucks,” the company said in a statement Tuesday ahead of a conference call scheduled for Wednesday.
The company’s stock (NYSE: HYLN) shares fell to 65 cents, down 45.3% in early trading Wednesday. During the height of the special...
https://www.freightwaves.com/news/hyliion-may-drop-hypertruck-erx-as-strategic-review-begins
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Those surprised by Proterra Inc.’s Chapter 11 bankruptcy filing earlier this month probably should...
https://www.freightwaves.com/news/who-wants-a-piece-or-two-of-proterra
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Startup powertrain developer Hyliion Holdings has sufficient cash to run its business through 2024...
https://www.freightwaves.com/news/hyliion-posts-scant-q2-revenue-but-retains-cash-cushion
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Class 8 truck orders in July came in ahead of estimates but are still below replacement demand as...
https://www.freightwaves.com/news/july-class-8-orders-rise-but-still-trail-replacement-demand
Engine maker and power systems provider Cummins Inc. reported record second-quarter revenue thanks to the full integration of Meritor Inc. But a key earnings measure fell because Meritor’s gross margin percentage trails its new parent.
By the numbers, Cummins reported:
https://www.freightwaves.com/news/cummins-reports-higher-q2-sales-and-income
Germany-based automotive supplier Robert Bosch expects to post $5.3 billion in sales by the end of the decade from hydrogen fuel cells, hydrogen internal combustion engines and electrolyzers that make hydrogen.
It is the latest proclamation that hydrogen is emerging as a meaningful alternative to battery-electric vehicles, which lead the transition to zero tailpipe emissions by at least a couple of years, according to industry leaders.
Bosch became the second industry player this week to add...
https://www.freightwaves.com/news/robert-bosch-going-all-in-on-hydrogen-technologies