Category: News

Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe’s biggest initial public offerings this year.

The average used Class 8 truck brought a higher sales price in May than in the same month a year earlier, but with inventories gradually building and growth in the freight market slowing down after last year’s boom, analysts are divided on the long-term outlook for values.

The average used Class 8 truck brought a higher sales price in May than in the same month a year earlier, but with inventories gradually building and growth in the freight market slowing down after last year’s boom, analysts are divided on the long-term outlook for values.

U.S. trailer orders plunged below 11,000 in May to the lowest point in nearly three years, tracking the orders for Class 8 vehicles that plummeted earlier in the month.

There’s no change to China’s conditions for making a trade deal with the United States as the nations’ leaders prepare to meet this weekend, a government spokesman said.

There’s no change to China’s conditions for making a trade deal with the United States as the nations’ leaders prepare to meet this weekend, a government spokesman said.

ARLINGTON, Va. — Trucking companies that effectively mine the data generated by their operations can free up time and capital to invest in other areas of their businesses, experts said at an industry meeting here.

Volkswagen AG will dive into the increasingly crowded car-sharing market with its WeShare offering, which will seek to distinguish itself from rivals with an electric-only fleet.

Ford Motor Co. is going after a greater cut of a lucrative business: those willing to pay big bucks for pricey pickup accessories such as big, off-road tires and kits to jack up their trucks.

PepsiCo Inc., facing an industrywide backlash against plastic, will experiment with putting its Aquafina water in cans.