Tag: Trucking News

Performance Food Group Company Presents at the 2022 CAGNY Virtual Conference; Reaffirms Fiscal 2022 Outlook

RICHMOND, Va.–(BUSINESS WIRE)–Performance Food Group Company (PFG) (NYSE: PFGC) Chairman & Chief Executive Officer George Holm and Executive Vice President & Chief Financial Officer Jim Hope will address investors at the 2022 CAGNY Virtual Conference. PFG will webcast its presentation today, Thursday, February 24, at 12:40 p.m. ET. The webcast will be available in listen-only […]

Mercedes-Benz 2021 Results: Transformation Accelerates With Electric and Luxury Focus

Performance improved: Product mix and cost efficiency support adjusted EBIT increase at Mercedes-Benz Cars & Vans of 105% Portfolio optimised : Top-end vehicle sales surge and electrification ramp-up gathers pace New structure established: Pure-play car & van business after successful Daimler Truck spin-off Dividend increased: Proposal of €5.00 per share (2020: €1.35) reflects solid cash […]

Faraday Future Unveils First Production-Intent FF 91 EV Manufactured at its Hanford, Calif. Plant

With the first production-intent FF 91, Faraday Future has marked manufacturing Milestone #4 and remains on-schedule for the FF 91 start of production in Q3 2022 The company will build several production-intent vehicles in the coming months for vehicle testing and validation, as well as final certification HANFORD, Calif.–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (“FF”) […]

Foundation Automotive Acquires Largest Group to Date in Wichita Falls, TX

WICHITA FALLS, Texas–(BUSINESS WIRE)–Today, Foundation Automotive Corp. is thrilled to announce the acquisition of 8 new rooftops from the Patterson Family of Dealerships in Wichita Falls, TX. This new addition, the largest to date for the rapidly growing auto group, will bring Foundation to 29 rooftops within North America. Effective immediately, Patterson Buick GMC, Cadillac, […]

Hyliion Holdings Reports Fourth Quarter and Full Year 2021 Financial Results

AUSTIN, Texas–(BUSINESS WIRE)–Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, reported its fourth quarter and full year 2021 financial results. Key Business Highlights Received orders from multiple fleets totaling 100 units backed by deposits to secure Hypertruck ERX production slots Received reservations for an additional 325 units […]

Curtiss-Wright Reports Fourth Quarter and Full-Year 2021 Financial Results; Full-Year 2022 Guidance Reflects Higher Sales, Operating Margin and EPS

Company Achieves Record Full-Year Adjusted Operating Margin of 17.0% and Completes Record $350 Million in Annual Share Repurchases DAVIDSON, N.C.–(BUSINESS WIRE)–Curtiss-Wright Corporation (NYSE: CW) reports financial results for the fourth quarter and full-year ended December 31, 2021. Fourth Quarter 2021 Highlights: Reported sales of $667 million, diluted earnings per share (EPS) of $1.94, and free […]