15 Mar Toyota Boosts Investment in US Manufacturing to $13 Billion, Adds Another 600 Jobs Back in 2017, Toyota said that it would invest at least $10 billion over the course of the next five years in its U.S. manufacturing presence. Now, the Japanese automaker is saying it will exceed that goal in announcing a new commitment of $13 billion in the same timeframe. Read more...
15 Mar Senators Introduce Diesel Emissions Bill WASHINGTON — Sen. Tom Carper led his colleagues in introducing bipartisan legislation that would reauthorize through fiscal 2024 the Diesel Emissions Reduction Act. Read more...
15 Mar VW Sued by SEC for Misleading Bondholders on Diesel Cheating Volkswagen AG and its former CEO were sued by the U.S. Securities and Exchange Commission over claims they failed to disclose to investors that diesel vehicles violated emissions standards, the latest twist in a software cheating scandal that already has cost the company more than $30 billion. Read more...
15 Mar Manufacturing Production Unexpectedly Shrinks in February U.S. factory production slumped for a second month in February, missing forecasts for a pickup, indicating headwinds from the trade war to slower global growth are weighing on manufacturers. Still, the prior month’s drop was revised up. Read more...
15 Mar Canada Factories Halt Slide With Strongest Gain in Seven Months Canadian manufacturers began 2019 with their strongest sales gain in seven months, bringing an end to a string of bad prints. Read more...
15 Mar Tesla Unveils Model Y Crossover, but Delivery Time Reignites Cash Concerns The Model Y crossover that Elon Musk debuted late March 14 in Hawthorne, Calif., will start being delivered to customers in the fall of next year, later than some analysts anticipated. The company immediately began taking $2,500 pre-orders, a bigger ask than the $1,000 it has charged to reserve a Model 3 sedan. Read more...
15 Mar North Dakota Interstates Closed; Heavy Rain Causes Flooding in Midwest BISMARCK, N.D. — Heavy rain falling atop deeply frozen ground has prompted evacuations along swollen rivers in Wisconsin, Nebraska and other Midwestern states, while powerful wind and snow has closed hundreds of miles of interstates in North Dakota. Read more...
15 Mar China Buys Most US Pork in Two Years as Futures Extend Rally China, the world’s largest consumer of pork, made its biggest purchase of the meat from the U.S. in nearly two years as African swine fever reduces hog herds and drives up prices. Read more...
15 Mar Hino Expands Certified Dealer Network Hino Trucks announced the expansion of its Certified Ultimate dealer network with the addition of eight dealers, giving it 25 such dealerships operating nationwide. Read more...
14 Mar Editorial: Keeping Trucks on the Road Starts Here This is a time for talking about truck maintenance, as the March 18 issue of Transport Topics coincides with and will be distributed at the 2019 annual meeting of the Technology & Maintenance Council of American Trucking Associations. Read more...