OEM

Mitsubishi Fuso ending truck sales in US and Canada

Mitsubishi Fuso Truck

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

Pre-merger surge drives Nikola value to $12 billion

Nikola One

Before building a single vehicle for sale, the valuation of fuel cell electric truck maker Nikola Corp. quadrupled to about $12 billion during a week of frenzied trading in shares of its merger partner.

Double-digit daily upward moves in VectoIQ, the NASDAQ-traded holding company that is acquiring Nikola in a reverse merger, sent VTIQ shares as high as $35.38 early on May 13 compared with a closing price of $14.12 on May 6.

Two events supercharged the share price.

On Friday, May 8, VectoIQ...

https://www.freightwaves.com/news/pre-merger-surge-drives-nikola-value-to-12-billion

Navistar extends CEO’s contract as buyout by TRATON on hold

Navistar International Corp. (NYSE: NAV) CEO Troy Clarke will lead the company until at least July 1 as the coronavirus pandemic delays action on a $2.9 billion buyout offer by Volkswagen AG’s trucking subsidiary TRATON Group.

Clarke’s contract was extended on April 11 beyond its scheduled expiration on April 22, according to a Navistar filing with the U.S. Securities and Exchange Commission (SEC). It is the third time his contract has been pushed out following extensions in 2018 and 2019.

The...

https://www.freightwaves.com/news/navistar-extends-ceos-contract-as-buyout-by-traton-on-hold

Workhorse looks to scale electric truck production (with video)

Workhorse electric truck

Workhorse Group Inc. (NASDAQ: WKHS) hopes to borrow money to scale production of its composite-body electric trucks even as growing interest in its patented truck-based Horsefly  drone could accelerate its business plan.

The Cincinnati-based last-mile delivery company said Wednesday it conducted 54 Horsefly test missions with United Parcel Service (NYSE: UPS) and the Virginia Center for Innovative Technology in late April.

“Interest has ballooned due to the COVID-19 virus, the individual state...

https://www.freightwaves.com/news/workhorse-looks-to-scale-electric-truck-production-with-video

Traton urges European government-sponsored swapping of older trucks

Aerial of Traton Group trucks

Traton Group, (CXE: 8TRA) the holding company for Volkswagen AG’s truck and bus businesses, urged a European “cash for clunkers” program to boost new truck purchases after reporting lower sales, earnings and orders in the first quarter on Monday.

“What Europe needs right now are investment incentives for the environmentally friendly modernization of truck fleets as a means to overcome the crisis in this system-critical sector,” said Andreas Renschler, Traton CEO and member of the VW Board of...

https://s29755.pcdn.co/news/traton-urges-european-government-sponsored-swapping-of-older-trucks

Wallem Group OEM Awarded To MAN PrimeServ

  • MAN PrimeServ has signed an Original Equipment Manufacturer agreement with Wallem Group.
  • The company will provide service and supply parts to its main engines, generators, and turbochargers aboard vessels managed by Wallem.
  • The strategic partnership with MAN Energy Solution is a commitment to provide world-class customer service around the globe and deliver advanced technology-driven solutions.
  • This agreement also ensures maintaining vessel engine systems, ensuring a high level of safety,...

http://mfame.guru/wallem-group-oem-awarded-to-man-primeserv/

Viking and Norsafe Sail Under Same Flag At Nor-Shipping

  • Norsafe and Viking life-saving equipment have joined hands at Nor-Shipping to showcase their complete safety solution.
  • Viking Norsafe is a brand that encompasses the maritime industry’s broadest and most advanced range of lifeboats and davits.
  • They offer best safety solution on the market from one global partner and manufacture its own equipment and also performs multi-brand servicing to certified OEM quality.

According to an article published in Maritime-Network, following last year’s...

http://mfame.guru/viking-and-norsafe-sail-under-same-flag-at-nor-shipping/

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