Commercial vehicles

Diesel’s market dominance earns respect but little love

With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don’t tell that to California. The climate-conscious state mostly ignores the fuel’s significantly lower greenhouse gas emissions, preferring to press for zero emissions from all commercial vehicles by the mid-2030s. An electric future in which …

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Downside of commercial vehicle purchasing cycle snares Meritor

Meritor, Inc. (NYSE: MTOR) announced that it has commenced a restructuring plan “intended to reduce labor costs in response to an anticipated decline in most global truck and trailer market volumes,” according to an 8-k filing with the U.S. Securities and Exchange Commission. The Troy, Michigan-based supplier to heavy-truck original equipment manufacturers (OEMs) plans to …

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WABCO shareholders approve $7 billion acquisition

WABCO Holdings (NYSE: WBC ) announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen AG, a privately-held German automobile and commercial vehicle technology supplier. On June 27, 2019, the producer of transmissions, braking systems and steering equipment said shareholders representing 68.4 percent of its outstanding stock voted in favor of the deal …

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Canada signs pledge for zero-emissions commercial vehicles

Canada became the first country to join an international initiative that seeks to have most new commercial vehicles be zero-emissions by 2040. The Drive to Zero Pledge , signed by the federal government of Justin Trudeau, is non-binding. But it is consistent with the government’s policies, including carbon taxes and incentives for green investments. “In …

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