Trucks

Reviving Affordability: RAM's Plan to Reintroduce Budget-Friendly Pickup Trucks to the U.S. Market

7 hours ago

In a bold move aimed at revitalizing its product lineup, RAM is contemplating the reintroduction of a more economical pickup truck to the U.S. market. This initiative comes from insights shared by the company's Chief Financial Officer, who emphasized the need for a budget-friendly option in a time when vehicle prices have surged dramatically.

Nikola's Bankruptcy Leaves $80 Million SEC Claim Unsettled

26 days ago

In a significant development in the electric vehicle industry's tumultuous landscape, Nikola Corporation has formally filed for bankruptcy, a move that sends shockwaves through its investor and regulatory communities. This filing sheds light on the company’s precarious financial state and the multitude of unpaid financial obligations that loom ominously over its future.

China's Surge in Electric Truck and Bus Demand: A Game Changer for the Industry

29 days ago

The electric vehicle (EV) landscape in China is undergoing a profound transformation, particularly in the realms of electric trucks and buses. Industry analysts have highlighted an unprecedented boom in demand driven by government policies, technological advancements, and a growing commitment to sustainability. This shift is not merely a trend; it represents a long-term change that could redefine the transportation sector in China and beyond.

Volvo Partners with Waabi to Accelerate Self-Driving Truck Technology

1 month ago

In a significant move towards revolutionizing the trucking industry, Volvo has announced its collaboration with the Canadian artificial intelligence startup Waabi. This partnership aims to advance the development of self-driving trucks, a pivotal step for Volvo as it strives to enhance safety and efficiency in freight transportation.

Volvo's Earnings Plummet Due to Diminishing Demand for Trucks in Europe

2 months ago

Volvo Group has reported a significant decline in earnings, primarily attributed to a notable decrease in demand for its trucks across Europe. In the latest financial results, the Swedish automaker indicated that its profitability has been adversely impacted by a combination of a slow-down in the heavy-duty truck sector and ongoing economic uncertainties affecting the region.

Oshkosh Prepares to Pivot as USPS Considers Moving from Electric to Gas Trucks

2 months ago

Oshkosh Corporation is gearing up for a significant strategic pivot as the U.S. Postal Service (USPS) contemplates a shift away from its original electric vehicle (EV) plans in favor of gas-powered trucks. This potential transition arises amid growing concerns regarding the performance and cost-effectiveness of electric fleet vehicles, especially in light of the current infrastructure challenges and legislative considerations impacting the choice of delivery vehicle technology.

Former Ram Head Mike Kuniskis Returns to Stellantis to Lead Pickup Brands

3 months ago

In a significant shift within the automotive industry, Mike Kuniskis, who previously led the Ram brand, is rejoining Stellantis, the parent company of Chrysler, Jeep, Dodge, and Ram. His return comes as Stellantis aims to bolster its presence in the highly competitive pickup truck segment. This strategic move is part of Stellantis' broader efforts to refine its brand strategies and assert itself against rivals in the market.

Geely Pursues Over $2 Billion Loan to Refinance Volvo Truck Acquisition

4 months ago

Geely, the Chinese automotive giant, is on a quest to secure over $2 billion in loans to refinance its recent acquisition of a controlling stake in Volvo Trucks. This move is a crucial step for Geely as it attempts to streamline its financial commitments linked to the substantial $3.3 billion deal finalized in June.

Ram CEO Reports Positive Turn in U.S. Sales Amid New Incentive Strategies

5 months ago

In a recent statement, Ram Trucks CEO Mike Koval announced that U.S. sales for the brand are experiencing a revival following the introduction of targeted incentive programs. This comes after a challenging period characterized by declining sales earlier in the year, which had raised concerns among industry analysts regarding Ram's market competitiveness. The strategic push for incentives appears to be taking effect, leading to a promising recovery in sales figures as the automaker seeks to regain its footing in a highly competitive truck market.