Latest Commercial vehicle manufacturing News

This image released by Quibi shows Tye Sheridan in a scene from

Phone flip: New Quibi series 'Wireless' empowers the viewer

Sep. 16, 2020 11:29 AM EDT

NEW YORK (AP) — Most directors insist on having final edit approval of their films. Not the creators of “Wireless.” The series on the mobile-platform Quibi employs an ingenious way to tell a story on a smartphone: You see different things on the screen depending on whether you hold your phone...

VW truck maker MAN plans to cut up to 9,500 jobs

Sep. 11, 2020 8:11 AM EDT

BERLIN (AP) — Truck and bus maker MAN, a subsidiary of Volkswagen, said Friday that it plans to shed up to 9,500 jobs worldwide as part of a cost-cutting drive. MAN said the planned package of measures is intended to improve the company's operating result by about 1.8 billion euros (about $2 billion) and...

FILE - In this March 28, 2018 file photo, Jim Farley, Jr. executive vice president and president of Global Markets of the Ford Motor Company, is shown in this photo during New York International Auto Show.  Farley will lead the storied automaker into the future starting Oct. 1 2020, when current CEO Jim Hackett retires. The company has struggled in recent years and is in the midst of an $11 billion restructuring plan designed to make it leaner and crank out new vehicles to replace what was an aging model lineup. (AP Photo/Richard Drew, File)

Ford COO Jim Farley to lead company, CEO Hackett to retire

Aug. 4, 2020 8:35 PM EDT

DETROIT (AP) — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles. The company named Farley, 58, as its new CEO effective Oct. 1, replacing Jim Hackett, who will retire after three years at the helm. Farley, who has been with...

The Mercedes star is pictured at the Mercedes Benz headquarters in Stuttgart, Germany, Wednesday, July 8, 2020. Due to the Corona pandemic, the annual general meeting of the car manufacturer Daimler takes place only online. (Marijan Murat/dpa via AP)

Daimler lost $2.2 billion in Q2, sees signs of recovery

Jul. 23, 2020 4:33 AM EDT

FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros ($2.21 billion) in the second quarter as the coronavirus outbreak slashed sales of the company's cars, vans, buses and trucks by about a third. CEO Ola Kallenius said Thursday it had...