Los Angeles-based Xos Inc., which is developing fully electric Classes 5-8 commercial vehicles for last-mile service, announced the completion of its business combination with NextGen Acquisition Corp. The combined company will have the name Xos Inc. a…
Medium-duty sales in July rose 6.5% to just above 19,000, with the Class 7 segment hitting its peak for the year so far, WardsAuto .com reported.
Eaton Corp. announced a series of 48-volt technologies to assist its global on- and off-highway commercial vehicle customers transitioning from traditional 12- and 24-volt vehicle systems to improve fuel efficiency and reduce emissions.
Electrified powertrain systems developer Hyliion Corp. reported a net loss and no revenue in the second quarter but ended the period with $617 million total available liquidity to fund ongoing product development.
Detroit, the engine brand of Daimler Trucks North America, supplied the most Class 8 engines in North America during the first half of this year, nudging past independent engine maker Cummins Inc. by 1,299 units or 1 percentage point.
Class 8 retail sales in July neared 17,000 and improved 16.3% compared with a year earlier, but landed at the year’s second-lowest level, WardsAuto .com reported.
Eaton Corp. reported second-quarter net income and revenue surged while segments margins set a record for the quarter.
U.S. trailer orders in July slid some more, barely clearing 8,000 units and setting a new low point of this cycle, FTR reported.
Class 8 orders poked along in July at about 25,000, ACT Research reported as order boards appear full for the remainder of this year.
Commercial vehicle supplier CVG reported higher second-quarter net income and record quarterly revenue as it continued to diversify its customer base and emphasize secular growth.