Volkswagen AG’s Traton SE is continuing its makeover of recently acquired Navistar International, importing a MAN SE executive to lead commercial operations and dispatching a top Navistar executive to the German company’s corresponding position.
Interestingly, both Goran Nyberg, who begins at Navistar as executive vice president of commercial operations March 1, and Friedrich Baumann, who will join MAN as head of sales and customer solutions April 1, have expertise with Traton’s trucking...
In 2020, Daimler Trucks North America (DTNA) announced it would embed Platform Science’s technology into vehicles at the factory level, a major advancement in the ability of fleets to reduce costs associated with the expensive installation of hardware to manage telematics and fleet- and driver-specific apps.
The two companies announced on Tuesday they are taking their relationship to the next level, with Virtual Vehicle — an open-access digital experience that allows fleets to easily install the...
Heavy truck and military vehicle manufacturer Navistar is facing a lawsuit over a data breach in May that may have exposed sensitive personal information of tens of thousands of current and former employees and health plan participants.
Lawyers representing Thomas Kalbrier, a former Navistar engineer, and Cherrie Kalbrier, a company health plan participant, filed a lawsuit in U.S. District Court for the Northern District of Illinois on Oct. 1 alleging that the company negligently stored personal...
https://www.freightwaves.com/news/navistar-sued-over-data-breach-affecting-thousands
Paccar truck deliveries across the Kenworth, Peterbilt and DAF Trucks brands are expected to fall 7,000 units from second-quarter deliveries because of the ongoing semiconductor shortage, the truck manufacturer said late Monday.
Paccar (NASDAQ: PCAR) is not alone in being impacted by the microchip paucity. The impact on complete assemblies is widespread among the Big Four manufacturers — Paccar, Daimler Trucks North America, which makes Freightliner and Western Star trucks; Volvo Trucks North...
This week, several electric truck makers are guiding the grant-writing process to help customers afford battery-powered trucks; Nikola is fully in growth mode as the shadow of scandal lifts; a Lordstown Motors’ financial scorecard; and Daimler seals the deal to create a stand-alone truck company.
Taking help for grant-edThe transition to heavy- and medium-duty electric vehicles is being helped along by generous grants to offset the high upfront cost of buying, or more often, leasing the...
https://www.freightwaves.com/news/truck-talk-theres-a-grant-for-that-edition
Western Star is making a family thing out of its newest off-highway trucks, introducing a little brother to the popular 49X vocational model that debuted last year.
The move signals Daimler Trucks’ commitment to building the brand’s tough-task vocational trucks in North America as it becomes a stand-alone company later this year.
The 47X, which goes on sale in early 2022, shares a chassis and electrical architecture with the 49X, meaning customers can seamlessly move between the models and...
https://www.freightwaves.com/news/western-star-births-little-brother-for-49x-vocational-truck
A reporter’s notebook from the Advanced Clean Transportation Expo in Long Beach, California
Like coins dropped into a jar at the end of the day, the number of heavy-duty electric trucks continues to grow by nickels, dimes and quarters. But measuring success requires more than counting up pocket change.
Peterbilt Motors General Manager Jason Skoog gave a math lesson about battery-electric and hydrogen-powered fuel cell electric trucks during a keynote address Tuesday.
“Today’s diesel trucks are...
https://www.freightwaves.com/news/act-expo-peterbilts-math-lesson-and-volvos-big-day
Volkswagen AG-owned Traton Group replaced Persio Lisboa as CEO of recently acquired Navistar International Corp. on Wednesday, part of an executive shuffling that retains about half of senior leadership.
Traton closed its $3.7 billion acquisition of Navistar, the No. 4 U.S. truck maker, on July 1. The Navistar board of directors appointed Mathias Carlbaum, 48, as CEO and president effective Sept. 1. After a transition, Lisboa, 55, will retire after a 35-year career at Navistar including 14...
https://www.freightwaves.com/news/traton-shakes-up-navistar-c-suite-ousting-ceo-lisboa
Heavy equipment seller Cervus Equipment, which owns a large Peterbilt dealer network in Canada, has agreed to be acquired by Brandt Tractor for CA$302 million ($240 million) in a deal that will take the company private.
The deal, announced Monday, has Alberta-based Brandt Tractor paying CA$19.50 per share for Cervus (TSX:CRV), a 22% premium over Friday’s closing price. The transaction would close in the fourth quarter if shareholders approve the sale at a special meeting in September.
“As a...
Welcome back to Truck Talk. This week, we look behind the numbers at recent SPAC financial reports, including a potentially long wait for some Nikola fuel cell truck customers. Also, who reigns supreme in engine-making, Xos mobile energy refueling and more.
Behind the numbersAs young companies begin public trading once their sponsors recede to the background, investors begin to see how aligned their projections of success are with reality. Losses, sometimes really big red numbers in net and...
https://www.freightwaves.com/news/truck-talk-risky-business-edition