Two major trucking suppliers reported lower sales for the first three months of the year as expected Thursday, but even facing a business slowdown of uncertain length, they continue to spend on electrification programs that could eventually transform the industry.
Meritor Inc. (NYSE: MTOR) and Dana Inc. (NYSE: DAN) suggested battery-electric efforts for major customers are untouchable as they navigate the COVID-19 pandemic that has shuttered their facilities and left them scrambling to conserve...
https://www.freightwaves.com/news/major-truck-suppliers-bank-on-electrification-in-covid-19-triage