Navistar

Navistar orders fall but deliveries helped strong Q2 at parent Traton

Traton SE, the parent company of Navistar International, reported dramatically higher second-quarter sales and profits compared with a year earlier. But economic uncertainty resulted in significantly lower incoming orders.

Traton’s adjusted operating profit in the April-June period reached $1.15 billion compared with $438.5 million a year ago. Q2 revenue totaled $12.92 billion compared with $10.47 billion in the same period a year earlier.

Navistar reported adjusted operating profit of $190.4...

https://www.freightwaves.com/news/navistar-orders-fall-but-deliveries-helped-strong-q2-at-parent-traton

Former Daimler Truck CEO becomes chairman of Proterra

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Retired Daimler Truck North America CEO Roger Nielsen is taking over as chairman of Proterra Inc.,...

https://www.freightwaves.com/news/former-daimler-truck-ceo-becomes-chairman-of-proterra

Underhood fires prompt Navistar recall of 44,887 older trucks

Navistar is recalling about 45,000 trucks from the 2016-2020 model years because of three under hood fires related to the heating, ventilation and air conditioning system.

The 44,887 vehicles recalled are all susceptible to potential fires. Navistar investigated three fires before determining that low voltage and amperage to the power distribution module (PDM) was the likely cause. The first fire occurred in January 2022.

A wiring terminal that does not meet the continuous electrical current load...

https://www.freightwaves.com/news/underhood-fires-prompt-navistar-recall-of-44887-older-trucks

Truck Tech: Who’s on first edition

Autonomous trucking is a far weightier topic than baseball, the subject of the famous “Who’s on first?” Abbott and Costello comedy classic. Determining the positions of truck makers and autonomous software developers might be more watchable than even rule-shortened games in the new MLB season.

Abbott and Costello and their famous comedy bit “Who’s on First?” (Image: YouTube)

Who really drives autonomous truck development?

After three stories and more than 3,000 words on TuSimple this week here, he...

https://www.freightwaves.com/news/truck-tech-whos-on-first-edition

Exclusive: TuSimple needs to win markets, customers as it stabilizes

TUCSON, Ariz. — Cheng Lu mostly watched from the sidelines for seven months as autonomous trucking startup TuSimple nearly imploded from the pressure of internal politics and external investigations. Upon returning as CEO in November after being ousted in an awkward succession, Lu quickly assessed the state of affairs and moved to stabilize the company.

So how is that going?

In his first public interview since being rehired to the top management post, Lu told FreightWaves that TuSimple is making...

https://www.freightwaves.com/news/exclusive-tusimple-needs-to-win-over-markets-customers-as-it-regains-stability

El cofundador de TuSimple abandona el consejo mientras se investiga la caza furtiva de empleados 

En poco más de un año, el cofundador de TuSimple, Xiaodi Hou, se autoproclamó consejero delegado de la startup de transporte autónomo, fue despedido por consejeros independientes y ahora ha abandonado el consejo ante los rumores de que buscaba empleados de TuSimple para que se unieran a él en una nueva empresa. 

En una presentación 8-K de dos frases ante la Comisión de Bolsa y Valores el lunes, TuSimple dijo que Hou había renunciado “con efecto inmediato.” Hou cofundó la compañía en 2015 y...

https://www.freightwaves.com/news/el-cofundador-de-tusimple-abandona-el-consejo-mientras-se-investiga-la-caza-furtiva-de-empleados

TuSimple co-founder quits board as it probes employee poaching

In just over a year, TuSimple co-founder Xiaodi Hou proclaimed himself CEO of the autonomous trucking startup, was fired by independent directors, and now has quit the board over rumors he sought TuSimple employees to join him in a new company.

In a two-sentence 8-K filing with the Securities and Exchange Commission on Monday, TuSimple said Hou had resigned “effective immediately.” Hou co-founded the company in 2015 and previously served as chief technology officer. 

Prior to Hou’s resignation,...

https://www.freightwaves.com/news/tusimple-co-founder-quits-board-over-employee-poaching-investigation

Navistar again boosts Traton Group financials

Germany’s Traton Group reported 32% higher revenues in 2022 despite the impact of Russia’s invasion of Ukraine, ongoing supply chain disruptions and record inflation.

Its North American truck-making unit, Navistar International, contributed significantly. Without the Lisle, Illinois-based manufacturer, Traton would have reported just 10% improved revenue year over year. Traton acquired Navistar for $3.7 billion in October 2021.

The truck holding company of Volkswagen AG , Traton is one of the...

https://www.freightwaves.com/news/navistar-again-boosts-traton-group-financials

Feds close probe into TuSimple autonomous truck crash

The Federal Motor Carrier Safety Administration has closed its investigation into a heavily publicized crash of a TuSimple autonomous truck.

TuSimple said it responded to several FMCSA requests following the April 6 non-injury incident on Interstate 10 in Arizona. The probe closed with no penalties. The National Highway Traffic Safety Administration declined to open a separate probe, the company said.

A driver-supervised autonomous truck took an unintended sharp left turn across a lane of...

https://www.freightwaves.com/news/feds-close-probe-into-tusimple-autonomous-truck-crash

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