VW Completes Acquisition of Rival MAN; Seeks to Be Key Player in Global Market
Vehicle manufacturer Volkswagen AG said last week that it completed the purchase of a majority stake of fellow German truck producer MAN SE, opening the way to becoming “a new top player on the global truck market.”
November 14, 2011Use of Contractors Is Tested on Many Fronts, Experts Say
The trucking industry’s independent contractor model is being increasingly challenged in the courts, by regulatory authorities and in state legislatures, industry experts said.
November 7, 2011Factory Orders Rise 0.3% in September
Factory orders rose 0.3% in September, the Commerce Department said Thursday.
November 3, 2011Cummins Posts Higher 3Q Profit, Trims 2011 Outlook
Cummins Inc. said Tuesday its third-quarter profit rose 60% from a year ago, but the engine maker trimmed its full-year revenue outlook due to “uncertainty around the macro-economic environment.”
October 25, 2011Philadelphia Manufacturing Index Rises
Manufacturing activity in the Philadelphia region increased in October, the Federal Reserve Bank of Philadelphia said Thursday.
October 20, 2011Daimler Will Protect Employees’ Jobs Through 2016
Daimler AG has pledged to protect the jobs of its permanent employees through 2016, Bloomberg reported Wednesday.
October 5, 2011Factory Orders Dip 0.2% in August
Factory orders declined 0.2% in August as vehicle bookings decreased, the Commerce Department said Tuesday.
October 4, 2011ISM Manufacturing Index Rises
U.S. manufacturing activity rose in September, showing continued expansion for the 26th consecutive month, the Institute for Supply Management said Monday.
October 3, 2011Daimler, Chinese Firm Gain OK For Truck-Making Joint Venture
Daimler AG and a large Chinese truck maker have received Chinese government approval for their joint venture to build medium- and heavy-duty trucks and engines for the domestic market and for export.
October 3, 2011N.Y. Manufacturing Index Contracts for Fourth Month
Manufacturing activity in the New York region contracted in September for the fourth straight month, the Federal Reserve Bank of New York said Thursday.
September 15, 2011