Equipment

General Motors will again push back the planned opening of an electric pickup truck plant in suburban Detroit and has delayed a Buick plug-in amid uncertain growth in battery-powered car sales.

DETROIT — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.

Members of a specially appointed Truck Leasing Task Force recently concluded that many lease-purchase agreements don't give owner-operators a realistic chance to own their trucks.

Cracking down on predatory towing, Ontario now requires tow truck drivers and vehicle storage operators to have a certificate to operate in the first such move by a Canadian province.

Yokohama Rubber Co. agreed to acquire Goodyear Tire & Rubber Co.’s off-the-road tire business for $905 million as part of the Japanese manufacturer’s global expansion plan.

Twenty-six states led by Kentucky and West Virginia have filed a lawsuit to block a new fuel economy rule by the National Highway Traffic Safety Administration. 

U.S. Class 8 retail sales in June experienced their 11th consecutive month of year-over-year declines, according to data from Wards Intelligence.

Volvo Group profits jumped year on year in the second quarter of 2024 on the back of truck price increases and improved margins for construction equipment plus marine and industrial engines.

U.S. trailer orders continued trending below the year-ago figures in June, ACT Research reported.

The trucking industry continued to weather an increase in cargo theft activity during the second quarter of 2024.