Siemens to Cut 6,000 Jobs, Some in EV Charging Business
(Krisztian Bocsi/Bloomberg) Siemens AG plans to reduce its global head count by about 6,000 workers, with the majority of cuts planned in its factory automation business that’s suffering from weak demand. The digital industries unit will slash about 5,600 jobs by the end of fiscal 2027, 2,600 of them in ...more
Steel Buyers Enter Tariff Era as Truck Freight Is Halted
A worker feeds sheet aluminum into a machine at an auto parts manufacturer in San Luis Potosi, Mexico. (Mauricio Palos/Bloomberg) ...more
Wabash to Quadruple Size of TaaS Fleet
New Wabash trailers at its Lafayette, Ind., factory. Wabash’s trucking-as-a-service business currently has around 1,000 trailers, but as many as ...more
Daimler Truck Eyes Reset as Steady DTNA Awaits OTR Rebound
The North American subsidiary of the world’s largest truck maker posted revenue of $6.49 billion in the three months that ...more
Nikola’s Bankruptcy Sale Nears Critical March 17 Deadline
A Nikola Tre battery-electric truck. (Andreas Gebert/Bloomberg News) Nikola CEO Steve Girsky and Chief Financial Officer Tom Okray are facing ...more
Trump Set to Meet Oil Titans on Energy Production
Trump speaks at a campaign town hall before Election Day on Oct. 14, 2024, in Oaks, Pa., as moderator and ...more
Multiple fatalities were reported during a pileup crash in Austin, Texas, late last night. The crash occurred at 11:23 p.m. ...more