TRATON Group

Aurora’s driverless trucks show they are for real

After numerous rides in autonomous trucks monitored by safety drivers in case of a mishap, I found it almost surreal to climb into Aurora Innovation’s Class 8 driverless truck, buckle up, hear the engine rumble to life and the air brakes disengage, and feel the truck move under its own power — with no one in the driver’s seat.

While two of three Americans still fear autonomous vehicles, according to AAA’s latest survey released Thursday, my three-quarter-mile ride around an Aurora test facility...

https://www.freightwaves.com/news/auroras-driverless-trucks-show-they-are-for-real

Electrolyzers only scratch the surface of midcentury hydrogen demand

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Even as manufacturing of electrolyzers grows, the hydrogen-making devices barely address the...

https://www.freightwaves.com/news/electrolyzers-only-scratch-the-surface-of-midcentury-hydrogen-demand

Traton raises 2023 earnings target after solid Q3

Traton Group, the parent of Navistar International, raised its full-year earnings guidance Wednesday after reporting solid deliveries for the third quarter.

Munich-based Traton reported 15% higher sales in the first nine months at 249,500 vehicles compared to 217,000 in the first nine months of 2022. Improving supply chains helped increase production. Volvo Group and Paccar Inc. both reported solid Q3 results earlier. They are cautioning of a slowdown next year, especially in over-the-road...

https://www.freightwaves.com/news/traton-raises-2023-earnings-target-after-solid-q3

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

April Class 8 truck orders tank but OEMs have ample backlogs

A dearth of Class 8 truck orders in April is more technical than meaningful. Major OEMs express optimism about delivering plenty of new equipment to ease pandemic-related pent-up demand.

Preliminary North America net orders  were 11,600 units, down 27% from a year ago and off 39% compared to March, according to ACT Research. FTR Transportation Intelligence pegged preliminary orders at 12,050 units, down 20% year over year and 37% from March.

Class 8 truck orders nose-dived in April. (Source: FTR...

https://www.freightwaves.com/news/april-class-8-truck-orders-tank-but-oems-have-ample-backlogs

ACT Expo a coming of age for hydrogen-powered trucking

ANAHEIM, Calif. — Not long ago, hydrogen and fuel cell trucks were lightly regarded at the Advanced Clean Transportation Expo. This year, they are capturing once unimaginable attention.

A parade of significant hydrogen-related announcements began even before what has become a must-attend event that outgrew its Long Beach, California, venue. Toyota Motor North America (TMNA), which doesn’t make commercial trucks, confirmed production later this year of a heavy-duty fuel cell system at its...

https://www.freightwaves.com/news/act-expo-a-coming-of-age-for-hydrogen-powered-trucking

Volvo preliminary Q1 financials surprise, delight market

The Volvo Group surprised the markets with a very strong first-quarter preliminary earnings preview — the opposite of a dour prediction just months ago.

Sales amounted to 131.4 billion Swedish crowns ($12.6 billion) compared to SEK 105.3 billion ($10.1 billion) in the same period of 2022.

Adjusted operating income was SEK 18.4 billion ($1.78 billion) versus SEK 12.7 billion a year earlier. Adjusted operating margin was 14% compared to 12%a year ago.

Reported operating income of SEK 17.1 billion...

https://www.freightwaves.com/news/volvo-preliminary-q1-financials-surprise-delight-market

Navistar recall focuses for 3rd time on parking brake issue

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Navistar Inc. is reliving for a third time a recall of medium- and heavy-duty trucks experiencing...

https://www.freightwaves.com/news/strongnavistar-recall-focuses-for-3rd-time-on-parking-brake-issuestrong

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

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