Mitsubishi Fuso Archives - Maritime Shipping News

Buying and selling in autonomous trucking developer Aurora Innovation

28 July 2023

In a week that saw the field of viable autonomous trucking developers shrink again — more on Waymo Via waving buh-bye for now below — Aurora Innovation (NASDAQ: AUR) disclosed that T. Rowe Price Investment Management Inc. purchased $125 million of new stock issued in a $600 million private placement.

Uber Technologies, already a major holder of Aurora shares, added $1 million to its stake in the private placement and 24.66 million shares at $3 each — worth about $74 million — in Aurora’s $220...

https://www.freightwaves.com/news/buying-and-selling-in-autonomous-trucking-developer-aurora-innovation

Daimler Truck flexes financial muscle a year after going solo

11 July 2023

BOSTON — Daimler Truck is promising more shareholder value and forecast revenue growth of 40%-60% in the second half of the decade as it transitions from diesel trucks to zero-emissions powertrains in its major markets.

In its first Capital Markets Day since splitting off from Daimler AG and former parent Mercedes-Benz in December 2021, Daimler Truck executives took analysts through their plans while affirming financial goals for 2025.

Daimler Truck North America (DTNA), known internally as Truck...

https://www.freightwaves.com/news/daimler-truck-flexes-financial-muscle-a-year-after-going-solo

Wise Systems, Mitsubishi Fuso partner to offer aftermarket routing solutions

15 July 2021

Much like conditions in the U.S., Japan is experiencing capacity tightening while undergoing an e-commerce boom.

Studies have found over the past five years, e-commerce sales in Japan have an expected compound annual growth rate of 7.5% until 2024, due to increased mobile phone adoption and consumer confidence in online shopping. Combine this with an aging labor force, and the country expects to be short 240,000 drivers to complete deliveries of these goods.

To optimize available capacity and...

https://www.freightwaves.com/news/wise-systems-mitsubishi-fuso-partner-to-offer-aftermarket-routing-solutions

Mitsubishi Fuso ending truck sales in US and Canada

28 May 2020

Mitsubishi Fuso Truck of America (MFTA) will stop selling Class 4-5 medium-duty trucks in the U.S. and Canada when it runs out of inventory, but it will continue providing parts and service for customers through at least 2028.

Mitsubishi Fuso Truck and Bus Corp. (MFTBC), which manufactures commercial vehicles in Asia,, announced the move Wednesday after making the decision on Tuesday. MFTBC is a brand of Stuttgart, Germany-based Daimler Trucks.

“The decision itself was sudden,” Bryan Allen, MFTA...

https://s29755.pcdn.co/news/mitsubishi-fuso-ending-truck-sales-in-us-and-canada