Transmissions in medium-duty trucks have been commodities for years. GHG Phase 2 is changing that; transmissions are becoming much more sophisticated. ...
Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply....
Offering several commercial appliications, the medium-duty, Class 3 all-electric chassis-cab truck platform features a 5,000-pound payload and large energy source to power tools. ...
(Bloomberg) -- Boeing Co. is selling $25 billion of bonds in the largest offering this year, as the company comes off of one of its worst quarter on record with the pandemic upending the global aviation industry.The airplane manufacturer is burning through the most cash it ever has with travel at a standstill. Boeing was already hurting from the grounding of the 737 Max before the Covid-19 outbreak, but now it’s looking to shore up liquidity even further by cutting jobs and production.Boeing has already fully drawn on a nearly $14 billion term loan, and Thursday’s bond sale will add even more cash as the company received $70 billion of orders at the peak, a person with knowledge of the deal said. Boeing was originally targeting at least $10 billion of new debt, Reuters reported earlier this week.The bond sale is capping off what will be another record month for U.S....
Never before have stocked shelves, road construction projects, and refuse collection been more vital to society than during the global coronavirus pandemic. Mack Trucks and Volvo Trucks have risen to the challenge, offering customers consistent uptime support. ...
One day after Tesla Inc posted its third quarterly profit in a row, hedge fund manager David Einhorn, one of the electric carmaker's best-known critics, lobbed questions about the company's financials at its two top executives. Taking to Twitter on Thursday, Einhorn asked Tesla chief executive officer Elon Musk and chief financial officer Zach Kirkhorn about Tesla's accounts receivable, costs, idled factories and the impact of currency market movements on the company. "Can you or (Zack) explain," Einhorn wrote, misspelling the CFO's first name in the tweet....
