Ford Plans New Electric Vehicle With Rivian, Invests $500 Million
Ford will invest $500 million in electric-truck maker Rivian and will use the startup’s “skateboard” underpinnings for an unspecified future electric vehicle.
Financial
Paccar Names Preston Feight to succeed Ron Armstrong as CEO
Paccar Inc. has named Preston Feight to succeed Ron Armstrong as the truck maker’s chief executive upon Armstrong’s June 30 retirement.
Convoy Launches Broad Marketplace of Preloaded Trailers
Nationwide trucking network and platform Convoy is launching a drop-and-hook marketplace that allows any carrier or owner-operator to start hauling preloaded trailers.
Lack of Parking Vexes Truckers as Industry Seeks Answers
A lack of safe places to park and poor planning are causing some truckers who reach their legal daily driving limit to shut down on highway shoulders and ramps.
Thor Trucks to Become Xos, Thanks to RV Maker Lawsuit
Recreational vehicle maker Thor Industries successfully sues Thor Trucks for infringement to stop the electric truck startup from using Thor in its name.
Uber’s Stock Offering Docs Provide Peek into Freight Business
Uber documents reveal that since its 2017 launch, Uber Freight has contracted with 36,000 carriers, 400,000 drivers and 1,000 shippers. It will hit $500 million in revenue this year.
Ranger Sales Growing Ford’s Pickup Truck Market Share
Ford is growing its pickup market share thanks to the addition of the Ranger midsize truck and strong sales of its F-Series line.
April’s Best Heavy-Duty Truck Purchase and Lease Deals
GMC and Chevrolet are offering thousands off their trucks while Nissan has a zero percent financing deal on the Titan XD.
April’s Best Full-Size Truck Purchase and Lease Deals
GMC and Chevrolet are offering deep discounts on their trucks, while Ford and Nissan are charging very low monthly rates for new truck leases.
April’s Best Midsize Truck Purchase and Lease Deals
GMC and Chevrolet are offering deep discounts on the Canyon and Colorado, and Nissan has good deals on Frontier that won’t cost a lot up front.
April’s Best Full-Size SUV Purchase and Lease Deals
Buyers can save big on new SUV purchases with cash allowance offers from Chevrolet and GMC, and with low-cost leases from Nissan and Ford.
Truck-Crash Lawyers Tout New Board Certification, Safety Role
Trial attorneys say new American Bar Association-sanctioned board certification in truck accident law will distinguish top legal talent and boost truck safety.