Iveco: The group, which also makes vans, buses, engines and military vehicles, said adjusted earnings before interest and tax (EBIT) from its industrial activities rose 27% in October-December to 238 million euros (USD 256 million), beating analysts forecast of 220 million euros in a company poll.
Karma: In June, electric truck company Lordstown filed for bankruptcy protection and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan s Foxconn.
Internal investigations from Nikola s safety and engineering teams indicate a single supplier component within the battery pack as the likely source of the coolant leak that caused the vehicles to catch fire, the company said.
-Italian truckmaker Iveco on Thursday raised its earnings guidance for this year, after posting a 63.4% year-on-year jump in adjusted operating profit in the first quarter.. | May 11, 2023
Truckmaker PACCAR Inc on Tuesday beat first-quarter profit and revenue estimates as demand for its truck models and aftermarket parts remained strong, boosted by customers looking to replace. | April 25, 2023